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.

Gladstone now represent The Estate of Anna Zemánková

Gladstone Gallery has announced its representation of The Estate of Anna Zemánková, a self-taught Czech artist known for her influential abstract works that explore psychological and spiritual realms. The gallery will collaborate with Cavin-Morris Gallery and plans to present a solo booth of Zemánková's work at TEFAF New York from May 14–19, 2026, following a spring 2025 exhibition in New York featuring her botanical drawings and works on paper. Zemánková, a key figure in Art Brut, created untitled, biomorphic works rooted in the subconscious, often compared to artists like Kunz and Hilma af Klint.

Prize commemorates Henrike Naumann – MMK takes over estate

Preis erinnert an Henrike Naumann – MMK übernimmt Nachlass

A new prize named after the late artist Henrike Naumann has been established by the Institut für Auslandsbeziehungen (ifa) and the Zeit Stiftung Bucerius, coinciding with her posthumous presentation at the German Pavilion of the Venice Biennale. The €15,000 Henrike-Naumann-Preis für Bildende Kunst, plus €5,000 in production funds, will be awarded regularly starting this year to early- to mid-career artists whose work engages with social transformation, political fault lines, or transnational contexts. Meanwhile, the Museum für Moderne Kunst Frankfurt (MMK) has acquired Naumann's estate, which will be catalogued and made publicly accessible to ensure her work receives long-term scholarly and curatorial attention.

Matthew Wong’s Grieving Mother Protects His Artistic Legacy

Matthew Wong, a troubled painter whose star was on the rise, died at age 35. His mother, Monita Wong, is now actively working to protect and promote his artistic legacy, ensuring that his work continues to be seen by the public.