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Form 990-PFTax year 2024EIN 20-2572529

Cy Twombly Foundation

A private foundation in New York, NY. Its return for tax year 2024 lists 4 grants and $4 million paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $4,000,500

    Grants listed
    4
    Assets, end of year
    $1,514,532,085

  • Tax year 2023

    $16,474,500

    Grants listed
    8
    Assets, end of year
    $1,510,050,049

  • Tax year 2022

    $6,051,000

    Grants listed
    6
    Assets, end of year
    $1,502,631,851

  • Tax year 2021

    $7,632,100

    Grants listed
    7
    Assets, end of year
    $1,523,666,390

  • Tax year 2020

    $11,751,665

    Grants listed
    10
    Assets, end of year
    $1,517,651,209

Grants paid in 2024

4 grants, largest first

As listed on the return.

  1. Art Institute of ChicagoChicago, IL

    Non-cash donation of art for exhibition support

    $3,800,000
  2. Drawing Center IncNew York, NY

    General support

    $100,000
  3. Foundation for Contemporary Arts IncNew York, NY

    Support for the cy twombly award for poetry

    $50,500
  4. Safe Horizon IncNew York, NY

    General support

    $50,000

Approved for future payment

6 grants

Approved in 2024 and not yet paid.

  1. Museum of Fine Arts BostonBoston, MA

    Non-cash donation of art for exhibition support

    $10,750,000
  2. Galleria Nazionale D'arte Moderna E ContemporaneaRome, Italy

    General support

    $1,475,000
  3. American Academy in RomeRome, Italy

    General support

    $600,000
  4. Safe Horizon IncNew York, NY

    General support

    $500,000
  5. Drawing Center IncNew York, NY

    General support

    $200,000
  6. Foundation for Contemporary Arts IncNew York, NY

    Support for the cy twombly award for poetry

    $151,500

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $3,800,00095% of the total
  2. Arts and culture2 grants $150,5004% of the total
  3. Human services1 grant $50,0001% of the total

By State

Grants to organizations with a US address, latest year.

  1. Illinois1 grant $3,800,000
  2. New York3 grants $200,500

Officers, directors and trustees

9 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Nicola Del RoscioPRESIDENT Hours 40Pay $201,747
  • David BaumSECRETARY (TO 2/2024) Hours 3Pay $0
  • Eleonora Di ErasmoMNG DIRECTOR/SECRETARY (AS OF 2/2024) Hours 20Pay $111,516
  • Jonas StorsveDIRECTOR Hours 5Pay $50,000
  • Paul WinklerDIRECTOR (TO 1/2024) Hours 1Pay $0
  • Udo BrandhorstDIRECTOR (TO 6/2024) Hours 1Pay $0
  • Nicholas SerotaDIRECTOR Hours 5Pay $65,000
  • Sandra MarionpoulouDIRECTOR (AS OF 6/2024) Hours 1Pay $0
  • Cristian GrasuDIRECTOR (AS OF 6/2024) Hours 5Pay $28,323

The return

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