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Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

Montclair Art Museum Hires Esteemed Curator Kate Kraczon After Layoffs at Brown University

The Montclair Art Museum in New Jersey has appointed Kate Kraczon as its new chief curator, effective June 15. Kraczon previously served as director of exhibitions and chief curator at the David Winton Bell Gallery at Brown University, where she was laid off in late 2024 amid a wave of cuts. She succeeds Gail Stavitsky, who held the post since 1994. The museum also recently hired Todd Caissie, an enrolled member of the Osage Nation and former director of Canada’s New Brunswick Internment Camp Museum, as its director.

Mario Ayala by Rosa Boshier González

Mario Ayala's first US museum exhibition, 'Seven Vans,' is on view at the Contemporary Arts Museum Houston (CAMH) through 2025–26. The show features life-sized canvases of vans suspended in the museum's basement space, exploring car culture, memory, and community through Ayala's Southern California and Gulf Coast influences. The article includes an interview with Ayala by Rosa Boshier González, discussing his upbringing in the Inland Empire, his father's lowrider scene involvement, and his 'Research While Driving' project that inspired the exhibition.

Exhibition at La Jolla’s Tim Bessell gallery to showcase surf-inspired art

An upcoming exhibition at Tim Bessell's surfboard shop and gallery in La Jolla will showcase surf-inspired works by a group of artists connected by their shared love of surfing and the ocean. The show, expected to open in the first week of June, features painter, sculptor, photographer, and mixed-media artists, including Joel Pessoa, Tim Bessell, Robin Bessell, Shaun Donovan, and Steve Sherman. Pessoa will display wood carvings from Portugal and paintings from his time in La Jolla, while Bessell—an internationally known surfboard maker and artist—will also exhibit his own works, alongside his wife Robin's floral mixed-media pieces and informal contributions from his daughter Natalie.