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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.

The US Pavilion Wants Your Money

The American Arts Conservancy, a new nonprofit with MAGA-aligned leadership, is fundraising for Alma Allen's 2026 US Pavilion at the Venice Biennale through a "Donate" button on its website, having received no institutional financial support. Meanwhile, a sculpture by Pedro Reyes at the newly unveiled LACMA building has sparked controversy for recalling a 2021 commission rejected by Mexico City after Indigenous and feminist protests, and the experimental LA nonprofit The Box has closed after 19 years.

art artist couples eric firestone gallery

A new exhibition titled “Couples” at Eric Firestone Gallery in New York features the work of 26 artist-partners, exploring how they navigate material, color, and form in complementary ways. The show runs through May 2. CULTURED magazine brought together five duos from the exhibition to answer questions about mixing professional and personal lives, with each artist responding without seeing their partner’s answers. Featured couples include Caitlin Lonegan and Spencer Lewis, who discuss topics such as sharing studios, jealousy, and role models like Charline von Heyl and Christopher Wool.

Venice Biennale Strike Makes History

On May 8, thousands marched through Venice and more than two dozen national pavilions were partially or fully shuttered during a 24-hour strike organized by the Art Not Genocide Alliance and local activist groups. The strike, which included Palestinian flags draped over artworks, marks the first cultural strike in the Venice Biennale's 131-year history. Italian police beat back protesters as Editor-in-Chief Hakim Bishara reported from the scene. Separately, a nesting seagull near the Polish pavilion became an unexpected star, and the LA Art Book Fair opened with a focus on archival materials.

7 Books We’re Looking Forward to in May

ARTnews has published a list of seven art books to look forward to in May 2026, covering a wide range of topics from contemporary theory and AI imagery to historical biographies and the Venice Biennale. Featured titles include Dena Yago's collected writings 'That Figures,' Victoria Johnson's biography of Frederic Church 'Glorious Country,' Trevor Paglen's 'How to See Like a Machine,' Nicholas Fox Weber's 'Anni Albers: A Life,' Massimiliano Gioni's 'High Waters: An Oral History of the Venice Biennale,' Rennie McDougall's 'Nonstop Bodies: How Dance Shaped New York City,' and Paul Elie's 'Last Supper: Art, Faith, Sex and Controversy in the 1980s.'

The Enigma of Alison Knowles

Lauren Moya Ford reviews the only book dedicated to Fluxus artist Alison Knowles, who died six months ago. The book, "Performing Chance: The Art of Alison Knowles In/Out of Fluxus" by Nicole L. Woods (2026), attempts to illuminate Knowles's life and work, but Ford notes that much of her personal life remains mysterious despite the author's efforts. The article is part of a broader books newsletter that also features new tomes on Hans Holbein’s portraits, Jan Staller’s photographs of Manhattan construction sites, and a discussion of a Black Panther family album at the Studio Museum in Harlem.

Early 2026 Art Books From Yale University Press

Yale University Press has announced its early 2026 art book lineup, featuring exhibition catalogues such as "Raphael: Sublime Poetry" from The Metropolitan Museum of Art, "Gwen John: Strange Beauties" from the Yale Center for British Art, "Edward Steichen and the Garden" from the George Eastman Museum, and "Frederic Church: Global Artist" from Olana NY State Historic Site. New releases also include a biography of Anni Albers by Nicholas Fox Weber, a catalogue titled "Anni Albers: Constructing Textiles" accompanying a European traveling exhibition, and Alyce Mahon's "Dorothea Tanning: A Surrealist Life," named a Best New Art Book of 2026 by Christie's. The press will hold a 50% off annual sale in May.

Maine: A Force Within American Art (1890-2026) At Farnsworth Art Museum

The Farnsworth Art Museum in Rockland, Maine, has opened a year-long exhibition titled "Maine: A Force Within American Art (1890-2026)" in honor of America's 250th anniversary. The show presents 150 works across media, highlighting the state's artistic legacy from the late 19th century to the present. It features leading modernists such as Marsden Hartley, John Marin, Charles Demuth, and Georgia O'Keeffe, who found inspiration in Maine's landscapes, as well as contemporary artists like Theresa Secord. The exhibition is curated by Jaime DeSimone and Francesca Soriano, in collaboration with multiple institutions including the Ellis-Beauregard Foundation and Skowhegan School of Painting and Sculpture.

Untitled, 1982 by Anni Albers, Ink and gouache on paper, 15.9 x 22.9 cm (5)

Ocula, an online platform for contemporary art, has published a promotional piece highlighting its services: partnering with leading galleries to showcase artists and artworks, offering vetted gallery membership by application and invitation, and providing art advisory with access to influential galleries, collectors, and auction houses. The article also mentions Ocula's editorial content that celebrates people and ideas shaping contemporary art.