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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.

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The Andy Warhol Foundation for the Visual Arts and the Helen Frankenthaler Foundation have announced an $800,000 fund to support 80 visual arts programs at small and mid-sized organizations across the United States. Each recipient, previously funded through the National Endowment for the Arts' Challenge America initiative, will receive $10,000 to advance projects stalled after the Trump administration suspended that federal program. The announcement comes amid broader cuts to federal arts funding, including the departure of all 10 NEA grant directors and the termination of grants for organizations like n+1, SculptureCenter, Queer Art, and A.I.R. Gallery, which received notices citing misalignment with the administration's priorities.

Documenta Taps an All-Women Artistic Team—and More Art Industry News

Documenta has selected an all-women artistic team for its upcoming edition, marking a historic shift for the prestigious quinquennial exhibition. In other art industry news, Sotheby's will open its new global headquarters in the Breuer Building on November 8, Christie's London will auction the collection of Danish businessman Ole Faarup in October, and Bob Ross's market has surged with record auction prices. Several galleries announced new artist representations and relocations, including François Ghebaly adding Brooklin A. Soumahoro and Latitude Gallery moving to Tribeca. The Whitney Museum made three curatorial appointments, the Harvard Art Museums acquired a Heinz Mack sculpture, and Claudia Gould was named executive director of the Shaker Museum. The Helen Frankenthaler Foundation added new board members, and Maëlle Ebelle was appointed inaugural director of the Liu Shiming Art Foundation.

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The Helen Frankenthaler Foundation and the Andy Warhol Foundation are jointly providing $800,000 in emergency grants to replace funding lost when the Trump administration abruptly cut the National Endowment for the Arts' Challenge America grants in February 2025. The grants, each worth $10,000, will support 80 small and medium-sized visual arts programs across the country that had been promised NEA funding for underserved communities, including the Kids & Art Foundation, Allentown Art Museum, Free Arts for Abused Children, InToto Creative Arts Forum, and Latinitas.

Art Museum Launches Fall 2025 Season With Dynamic, Interdisciplinary Exhibitions

The Syracuse University Art Museum will launch its Fall 2025 season on August 26 with four new exhibitions. Highlights include 'What If I Try This?', a survey of Helen Frankenthaler's printmaking career curated by Melissa Yuen, featuring loans from multiple institutions and a gift from the Helen Frankenthaler Foundation. Other exhibitions include Kevin Adonis Browne's multimedia installation 'A Sense of Arrival' on Caribbean blackness, and 'Human/Environment: 4,000 Years of Art', a permanent collection show exploring human-environment relationships. An opening reception on September 11 will feature a talk by Stanford professor Alexander Nemerov.

Time for a survey? New programme provides museums with advice on long-term sustainability

Verge, a human-resources and recruiting agency, has launched a new membership program offering museums and art organizations a proprietary employee survey called the Workplace Advancement Instrument (WAI). The survey assesses organizational health across areas like communication, compensation, retention, and psychological safety. Members receive results, access to workshops, and an annual benchmarking report, with early adopters including the Dia Art Foundation, Corita Art Center, Helen Frankenthaler Foundation, and Denniston Hill. The program costs $5,000 per year and grew out of Verge's recruitment work, which found that many arts workers of color were leaving jobs due to unsupportive workplace cultures.

Capturing a Major Artist in Print

The Syracuse University Art Museum has opened a new exhibition titled “What If I Try This?”: Helen Frankenthaler in the 20th-Century Print Ecosystem, running from August 26 through December 9. Curated by Melissa Yuen, the show features 56 works—including prints, paintings, photographs, and letters—by Frankenthaler and her contemporaries, highlighting her experimental approach to printmaking over nearly 50 years. The exhibition includes 11 prints and process proofs gifted by the Helen Frankenthaler Foundation in 2023, along with 24 works borrowed from national and area collections, and draws on Frankenthaler’s correspondence with artist Grace Hartigan.