Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
THE WILLEM DE KOONING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)790 MADISON AVENUE 301
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10065
A Employer identification number

13-4151973
B Telephone number (see instructions)

(212) 794-3401
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$418,217,631J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,014,803 1,001,381 1,014,803
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 369,072
b Gross sales price for all assets on line 6a 14,699,065
7 Capital gain net income (from Part IV, line 2)... 369,072
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 17,928 0 17,928
12 Total. Add lines 1 through 11........ 1,401,803 1,370,453 1,032,731
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 247,498 0 1,512 245,986
14 Other employee salaries and wages...... 941,039 0 5,750 935,290
15 Pension plans, employee benefits....... 189,643 0 1,159 188,484
16a Legal fees (attach schedule)......... Click to see attachment 63,280 0 387 62,893
b Accounting fees (attach schedule)....... Click to see attachment 61,472 15,368 15,650 45,822
c Other professional fees (attach schedule).... Click to see attachment 734,880 0 3,942 730,938
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 163,443 0 485 78,816
19 Depreciation (attach schedule) and depletion... Click to see attachment 34,170 0 34,170
20 Occupancy.............. 297,320 0 1,817 295,503
21 Travel, conferences, and meetings....... 23,582 0 144 23,438
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,122,794 285,392 290,507 832,248
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,879,121 300,760 355,523 3,439,418
25 Contributions, gifts, grants paid....... 935,235 935,235
26 Total expenses and disbursements. Add lines 24 and 25 4,814,356 300,760 355,523 4,374,653
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,412,553
b Net investment income (if negative, enter -0-) 1,069,693
c Adjusted net income (if negative, enter -0-)... 677,208
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 206,917 248,337 248,337
2 Savings and temporary cash investments......... 516,687 517,074 517,074
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 14,713,595 Click to see attachment12,984,746 12,152,725
b Investments—corporate stock (attach schedule)....... 20,338,826 Click to see attachment21,165,405 27,539,041
c Investments—corporate bonds (attach schedule)....... 6,250,100 Click to see attachment3,683,663 3,272,483
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet668,051
Less: accumulated depreciation (attach schedule) bullet298,303 388,682 Click to see attachment369,748 369,748
15 Other assets (describe bullet) Click to see attachment47,176,687 Click to see attachment47,209,968 Click to see attachment374,118,223
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 89,591,494 86,178,941 418,217,631
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 89,591,494 86,178,941
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 89,591,494 86,178,941
30 Total liabilities and net assets/fund balances (see instructions). 89,591,494 86,178,941
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
89,591,494
2
Enter amount from Part I, line 27a .....................
2
-3,412,553
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
86,178,941
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
86,178,941
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - CITIBANK SHORT-TERM      
b PUBLICLY TRADED SECURITIES - CITIBANK LONG-TERM P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,098,054   7,237,638 -139,583
b 7,601,011   7,089,835 508,655
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -139,583
b       508,655
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 369,072
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -139,583
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 14,869
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,869
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 68,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 68,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 53,131
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet53,131 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, NY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.DEKOONING.ORG
    14
    The books are in care ofbulletTHE WILLEM DE KOONING FOUNDATION Telephone no.bullet (631) 329-6068

    Located atbullet182 WOODBINE DRIVEEAST HAMPTONNY ZIP+4bullet11937
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN SILBERMAN CO-PRESIDENT/DIRECTOR
    2.00     		0 0 0
    145 EAST 57TH STREET
    NEW YORK,NY10022
    JOHN L EASTMAN CO-PRESIDENT/DIRECTOR
    2.00     		0 0 0
    790 MADISON AVENUE
    NEW YORK,NY10065
    DONN ZARETSKY SECRETARY, TREAS, DIRECTOR
    1.00     		0 0 0
    145 EAST 57TH STREET
    NEW YORK,NY10022
    AMY SCHICHTEL EXECUTIVE DIRECTOR
    35.00     		413,107 24,870 0
    790 MADISON AVENUE
    NEW YORK,NY10065
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    D ROGER ANTHONY SENIOR RESEARCHER
    26.00     		187,014 22,911 0
    790 MADISON AVENUE-STE 301
    NEW YORK,NY10065
    STEPHEN J MACK CATALOGUE RAISONNE D
    34.00     		128,574 17,450 0
    790 MADISON AVENUE-STE 301
    NEW YORK,NY10065
    HEIDI COLEMAN ARCHIVIST
    31.00     		102,208 20,146 0
    790 MADISON AVENUE-STE 301
    NEW YORK,NY10065
    MATTHEW D PYCH BUSINESS AND HR ADMI
    31.00     		92,263 17,819 0
    790 MADISON AVENUE-STE 301
    NEW YORK,NY10065
    MADELINE BARTEL PROJECTS COORDINATOR
    28.00     		86,001 19,532 0
    790 MADISON AVENUE-STE 301
    NEW YORK,NY10065
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    JOHN ELDERFIELD LLC ART CONSULTANT 150,000
    175 EAST 62ND STREET
    NEW YORK,NY10065
    FIERA CAPITAL ADVISORS INVESTMENT ADVISORY 105,528
    375 PARK AVENUE
    NEW YORK,NY10152
    CITRIN COOPERMAN & COMPANY LLP ACCOUNTING SERVICES 61,472
    50 ROCKEFELLER PLAZA
    NEW YORK,NY10020
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 A WIDE RANGE OF RESEARCHERS, INCLUDING SCHOLARS, CURATORS AND CONSERVATORS CONSULTED THE FOUNDATION'S ARCHIVES, STUDY MATERIALS, ART COLLECTION AND STAFF SPECIALISTS TOWARD MONOGRAPHS, EXHIBITIONS, AND EDUCATIONAL MATERIALS. THIS CONSULTATION WAS PROVIDED BOTH IN-PERSON AND REMOTELY VIA VIDEO CONFERENCE TO LESSEN ANY IMPACT OF THE PANDEMIC ON PROJECTS. FOUNDATION SPECIALISTS ACTIVELY PROVIDED RESEARCH FINDINGS, ASSISTANCE IN LANGUAGE TRANSLATION, AND GUIDANCE TO ORGANIZATIONS AND AUTHORS TOWARD THEIR PUBLICATIONS AND EXHIBITIONS ON WILLEM DE KOONING AND RELATED SUBJECTS, WHICH WERE WIDELY ACCESSIBLE BOTH WITHIN THE UNITED STATES AND INTERNATIONALLY. EXAMPLES INCLUDE A SMALL FORMAT BOOK OF QUOTATIONS BY THE ARTIST (PUBLISHED BY FAGE) AND THE EXHIBITION AND CATALOGUE, CHAIM SOUTINE/ WILLEM DE KOONING. LA PEINTURE INCARNE, AT LE MUSE DE LORANGERIE, PARIS. IN COMMEMORATION OF THE 25TH ANNIVERSARY OF DE KOONING'S DEATH, THE FOUNDATION AND BROOKLYN RAIL PRESENTED AN ON-LINE, 3,439,418
    2 ACTIVITY ONE CONTINUEDPUBLIC DISCUSSION ON WILLEM DE KOONING'S LIFE AND WORK. THE FOUNDATION CONTINUED ITS IN-HOUSE RESEARCH AND PROCESSING OF DOCUMENTATION ON WILLEM DE KOONING'S OEUVRE AND WRITINGS, TOWARD EVENTUAL PUBLICATION OF RESOURCES TO AID FUTURE SCHOLARSHIP ON DE KOONING AND 20TH CENTURY ART. THE FOUNDATION CONTINUED TO RE-HOUSE, PROCESS, DIGITIZE AND ADD TO ITS ARCHIVES. THE CARE AND PRESERVATION OF ITS ART COLLECTION IS ON-GOING.ACTIVITY TWO:13 WORKS WERE ON LONG-TERM LOAN THIS FISCAL YEAR TO INSTITUTIONS AND MUNICIPALITIES INCLUDING GRAND RAPIDS ART MUSEUM, JOHNS HOPKINS UNIVERSITY, LONGHOUSE RESERVE, STANFORD UNIVERSITY LAW SCHOOL AND BUSINESS SCHOOL, NEW YORK UNIVERSITY SCHOOL OF LAW, PINAKOTHEK DER MODERNE, MUNICH, THE OFFICE OF SECRETARY ANTONY BLINKEN, WASHINGTON, DC AND THE CITY OF ROTTERDAM. 0
    3 THE FOUNDATION CONTINUED TO PROVIDE GUIDANCE AND EXPERTISE TO THE UNIVERSITY OF ARIZONA MUSEUM OF ART AND THE GETTY CONSERVATION INSTITUTE IN SUPPORT OF THE CONSERVATION OF THE UNIVERSITY'S PAINTING BY WILLEM DE KOONING, WOMAN OCHRE, 1954-55, AND TOWARDS THE WORK'S EXHIBITION AT BOTH LOCATIONS. THE FOUNDATION WELCOMED 2 INTERNS TO LEARN AND WORK ALONGSIDE STAFF MEMBERS. 0
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    50,220,239
    b
    Average of monthly cash balances.......................
    1b
    1,344,606
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    51,564,845
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    51,564,845
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    773,473
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    50,791,372
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,539,569
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
    2001-05-14
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
    677,208 1,376,347 1,475,443 1,263,403 4,792,401
    b 85% (0.85) of line 2a ......... 575,627 1,169,895 1,254,127 1,073,893 4,073,541
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		4,374,653 5,274,933 5,498,640 2,577,119 17,725,345
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		935,235 2,314,300 2,555,000 87,500 5,892,035
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		3,439,418 2,960,633 2,943,640 2,489,619 11,833,310
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 91,261,193 428,453,245 423,916,220 427,212,184 1,370,842,842
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 374,454,690 374,473,624 374,449,377 374,304,578 1,497,682,269
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		        0
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARTADIA
    45 MAIN STREET SUITE 515
    BROOKLYN,NY11201     		NONE PC SUPPORT THE ARTADIA AWARD, GIVEN TO A NEW YORK CITY-BASED VISUAL ARTIST. 20,000
    THE ASPEN INSTITUTE
    2300 N STREET NW SUITE 700
    WASHINGTON,DC20037     		NONE PC IN SUPPORT OF THE 2022 COSTS TOWARDS BUILDING THE ARTIST ENDOWED FOUNDATION COMMUNITY'S DEAI CAPACITY TO HOST BIPOC INTERNS AND FELLOWS. 10,000
    INTERNATIONAL FOUNDATION FOR ART RESEARCH
    500 FIFTH AVENUE SUITE 935
    NEW YORK,NY10110     		NONE PC TO FUND THE CHARITY'S GENERAL OPERATING EXPENSES (2022 ANNUAL FUND). 10,000
    AMERICAN FRIENDS MUSEE DORSAY
    PO BOX 4233
    NEW YORK,NY10163     		NONE PC TO FUND AN EXHIBITION AT THE MUSEE DE LORANGERIE ENTITLED "CHAIM SOUTINE/WILLEM DE KOONING, LA PEINTURE INCARNEE," ON VIEW FROM SEPTEMBER 15, 2021 TO JANUARY 10, 2022. 100,000
    THE BROOKLYN RAIL
    253 36TH STREET - SUITE 304
    BROOKLYN,NY11232     		NONE PC SUPPORT FOR THE ART SEEN SECTION OF JOURNAL PUBLICATIONS THAT COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. 70,000
    PUBLICOLOR INC
    20 W 36TH ST STE 9
    NEW YORK,NY10018     		NONE PC UNRESTRICTED CHARITABLE PURPOSES 25,000
    ARTS CENTER AT DUCK CREEK
    127 SQUAW ROAD PO BOX 590
    EAST HAMPTON,NY11937     		NONE PC SUPPORT FOR PROGRAMS AND EXHIBITIONS DEDICATED TO CONTEMPORARY ART AND ARTISTS. 75,235
    THE RETREAT
    13 GOODFRIEND DRIVE
    EAST HAMPTON,NY11937     		NONE PC UNRESTRICTED CHARITABLE PURPOSES TO SUPPORT THE ORGANIZATION DURING THE COVID-19 PANDEMIC CRISIS. 25,000
    ELEANOR WHITMORE EARLY CHILDHOOD CENTER
    1 GINGERBREAD LANE EXT PO BOX 63
    EAST HAMPTON,NY11937     		NONE PC UNRESTRICTED CHARITABLE PURPOSES TO SUPPORT THE ORGANIZATION DURING THE COVID-19 PANDEMIC CRISIS. 50,000
    SWISS INSTITUTE
    38 ST MARKS PLACE
    NEW YORK,NY10003     		NONE PC SUPPORT THE FUND FOR SMALL ARTS ORGANIZATIONS DURING THE COVID-19 PANDEMIC CRISIS. 300,000
    INTERNATIONAL RESCUE COMMITTEE FOR UKRAINE
    122 EAST 42ND STREET
    NEW YORK,NY10168     		NONE PC SUPPORT THE INTERNATIONAL RESCUE COMMITTEE FOR UKRAINE. 250,000
    Total .................................bullet 3a 935,235
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 369,072  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aREPRODUCTION & PUBLICATION INCOME     		        17,928
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,383,875 17,928
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,401,803
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 INCOME FROM THE LICENSING OF THE REPRODUCTION OF AND/OR PUBLICATION OF WILLEM DE KOONING'S ART CONSTITUTES SOME OF THE MEANS BY WHICH THE FOUNDATION CURRENTLY ACCOMPLISHES ITS EXEMPT PURPOSE. ITS EXEMPT PURPOSE IS TO PRESERVE THE ART WORK OF WILLEM DE KOONING AND PROVIDE ACCESS THERETO; TO CREATE AND MAINTAIN AN ARCHIVE OF ART WORKS AND REFERENCE PAPERS RELATING TO WILLEM DE KOONING AND PROVIDE ACCESS TO THE ARCHIVE TO SCHOLARS FOR RESEARCH; TO EDUCATE THE PUBLIC ABOUT THE ART OF WILLEM DE KOONING AND ART IN GENERAL.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAINTENANCE OF ACCOUNTING/ INVESTMENT RECORDS 15,368 15,368 15,368 0
    PREPARATION OF FORM 990-PF & NYS ATTORNEY GENERAL REPORT 46,104 0 282 45,822

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE EQUIPMENT 2004-11-21 3,647 3,647 SL 7.000000000000 0 0 0  
    OFFICE EQUIPMENT 2006-08-23 2,989 2,989 SL 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2007-06-30 30,078 30,078 SL 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2008-06-01 12,396 12,396 SL 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2007-12-31 10,353 10,353 SL 5.000000000000 0 0 0  
    FURNITURE 2008-01-23 8,496 8,496 SL 7.000000000000 0 0 0  
    SCANNER 2009-03-31 715 715 SL 5.000000000000 0 0 0  
    FURNITURE 2010-10-14 291 291 SL 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2010-10-19 2,386 2,386 SL 5.000000000000 0 0 0  
    AUDIO RECORDER 2012-04-01 636 636 SL 7.000000000000 0 0 0  
    FURNITURE 2012-08-29 1,456 1,456 SL 7.000000000000 0 0 0  
    FURNITURE 2012-09-13 9,364 9,364 SL 7.000000000000 0 0 0  
    FURNITURE 2012-11-12 1,455 1,455 SL 7.000000000000 0 0 0  
    FURNITURE 2012-12-01 8,386 8,386 SL 7.000000000000 0 0 0  
    IMPROVEMENTS 2012-12-01 26,481 5,828 SL 39.000000000000 679 0 679  
    COMPUTERS 2013-08-30 12,956 12,956 200DB 5.000000000000 0 0 0  
    SOFTWARE 2013-09-12 633 633 SL 3.000000000000 0 0 0  
    SOFTWARE 2013-10-17 193 193 SL 3.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2014-03-24 2,617 2,617 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2014-04-21 848 848 200DB 5.000000000000 0 0 0  
    FURNITURE 2013-07-03 2,358 2,358 200DB 7.000000000000 0 0 0  
    FURNITURE 2013-07-03 630 630 200DB 7.000000000000 0 0 0  
    FURNITURE 2013-08-30 630 630 200DB 7.000000000000 0 0 0  
    FURNITURE 2013-10-17 2,358 2,358 200DB 7.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2014-09-29 468 468 200DB 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2015-06-29 6,621 6,264 200DB 5.000000000000 0 0 0  
    IMPROVEMENTS 2016-02-24 159,978 22,051 SL 39.000000000000 4,102 0 4,102  
    FURNITURE 2016-02-24 48,681 42,162 200DB 7.000000000000 4,347 0 6,519  
    IMPROVEMENTS 2016-08-05 12,295 1,536 SL 39.000000000000 315 0 315  
    IMPROVEMENTS 2017-10-19 108,479 10,200 SL 39.000000000000 2,782 0 2,782  
    FURNITURE 2017-12-15 14,253 9,986 200DB 7.000000000000 1,264 0 2,036  
    COMPUTER EQUIPMENT 2018-05-04 44,380 35,273 200DB 5.000000000000 4,857 0 8,876  
    FURNITURE 2018-09-21 10,519 6,494 200DB 7.000000000000 1,150 0 1,503  
    COMPUTER EQUIPMENT 2020-04-10 11,383 4,895 200DB 5.000000000000 2,595 0 2,277  
    IMPROVEMENTS 2020-05-04 70,554 2,111 SL 39.000000000000 1,809 0 1,809  
    COMPUTER EQUIPMENT 2021-04-10 19,604 980 200DB 5.000000000000 7,450 0 3,921  
    IMPROVEMENTS 2021-05-04 3,247 14 SL 39.000000000000 83 0 83  
    FURNITURE 2022-02-04 5,437   200DB 7.000000000000 777 0 324  
    COMPUTER EQUIPMENT 2022-03-24 9,800   200DB 5.000000000000 1,960 0 490  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BP CAP MKTS AMER INCGTD FXD RT MAP 04/05/26 3.65% 535,425 469,150
    APPLE INC. 2.9% 9/2027 409,680 386,059
    JP MORGAN CHASE CO2.95% 10/1/26 520,262 457,282
    TARGET CORP - 2.65% 09/15/30 301,800 269,911
    TORONTO DOMINION BANK 1.15% 06/12/25 542,327 498,682
    BANK OF AMERICA CORP 03/05/29 3.97% 510,990 420,253
    SALESFORCE COMINC SR NT 0.625% 07/15/24 400,876 378,845
    PNC FNL SVCS GROUP INC 2.55% 01/22/30 462,303 392,301

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD S&P 500 ETF 8,075,143 13,157,158
    ISHARES MSCI EAFE INDEX FUND 3,586,890 3,150,121
    ISHARES CORE S&P MID-CAP 2,818,986 3,549,096
    ISHARES TR CORE S&P 2,699,904 3,574,142
    ISHARES CORE HIGH DIVIDEND ETF 1,218,746 1,125,921
    SELECT SECTOR SPDR 893,688 1,246,920
    VANGUARD S&P 500 VALUE ETF 1,872,048 1,735,683

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    US Government Securities - End of Year Book Value:

    10,649,661
    US Government Securities - End of Year Fair Market Value:

    9,936,324
    State & Local Government Securities - End of Year Book Value:


    2,335,085
    State & Local Government Securities - End of Year Fair Market Value:


    2,216,401


    TY 2021 LandEtcSchedule2
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 3,647 3,647 0  
    OFFICE EQUIPMENT 2,989 2,989 0  
    COMPUTER EQUIPMENT 30,078 30,078 0  
    COMPUTER EQUIPMENT 12,396 12,396 0  
    COMPUTER EQUIPMENT 10,353 10,353 0  
    FURNITURE 8,496 8,496 0  
    SCANNER 715 715 0  
    FURNITURE 291 291 0  
    COMPUTER EQUIPMENT 2,386 2,386 0  
    AUDIO RECORDER 636 636 0  
    FURNITURE 1,456 1,456 0  
    FURNITURE 9,364 9,364 0  
    FURNITURE 1,455 1,455 0  
    FURNITURE 8,386 8,386 0  
    IMPROVEMENTS 26,481 6,507 19,974  
    COMPUTERS 12,956 12,956 0  
    SOFTWARE 633 633 0  
    SOFTWARE 193 193 0  
    COMPUTER EQUIPMENT 2,617 2,617 0  
    COMPUTER EQUIPMENT 848 848 0  
    FURNITURE 2,358 2,358 0  
    FURNITURE 630 630 0  
    FURNITURE 630 630 0  
    FURNITURE 2,358 2,358 0  
    COMPUTER EQUIPMENT 468 468 0  
    COMPUTER EQUIPMENT 6,621 6,264 357  
    IMPROVEMENTS 159,978 26,153 133,825  
    FURNITURE 48,681 46,509 2,172  
    IMPROVEMENTS 12,295 1,851 10,444  
    IMPROVEMENTS 108,479 12,982 95,497  
    FURNITURE 14,253 11,250 3,003  
    COMPUTER EQUIPMENT 44,380 40,130 4,250  
    FURNITURE 10,519 7,644 2,875  
    COMPUTER EQUIPMENT 11,383 7,490 3,893  
    IMPROVEMENTS 70,554 3,920 66,634  
    COMPUTER EQUIPMENT 19,604 8,430 11,174  
    IMPROVEMENTS 3,247 97 3,150  
    FURNITURE 5,437 777 4,660  
    COMPUTER EQUIPMENT 9,800 1,960 7,840  


    TY 2021 LegalFeesSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES RELATED TO CHARITABLE ACTIVITIES 63,280 0 387 62,893


    TY 2021 OtherAssetsSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WILLEM DE KOONING ARTWORK 46,943,545 46,943,545 373,851,800
    WILLEM DE KOONING ARCHIVAL MATERIALS 162,108 162,108 162,108
    SECURITY DEPOSITS 71,034 71,034 71,034
    INVESTMENT CATALOGUE RAISONNE   33,281 33,281


    TY 2021 OtherExpensesSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 285,392 285,392 285,392 0
    MEETING EXPENSES 4,394 0 27 4,367
    ART CONSERVATION 4,500 0 27 4,473
    ART BOOKS 2,293 0 14 2,279
    ART DUES & SUBSCRIPTIONS 9,865 0 60 9,805
    ART FREIGHT 6,018 0 37 5,981
    ART INSURANCE 267,622 0 1,635 265,987
    REPAIRS AND MAINTENANCE 7,205 0 44 7,161
    ART SECURITY COSTS 2,025 0 12 2,013
    ART STORAGE CHARGES 385,802 0 2,357 383,445
    TELEPHONE 22,292 0 136 22,156
    PAYROLL SERVICE FEES 4,598 0 28 4,570
    POSTAGE & DELIVERY 2,384 0 15 2,369
    SUPPLIES 6,511 0 40 6,471
    WEBSITE DESIGN 4,815 0 29 4,786
    IT SUPPORT 57,156 0 349 56,807
    DIGITAL ASSET DATABASE SUPPORT 30,825 0 188 30,637
    GIFTS 925 0 6 919
    OFFICE EXPENSES 10,353 0 63 10,251
    INTEREST EXPENSES 7,819 0 48 7,771


    TY 2021 OtherIncomeSchedule2
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    REPRODUCTION & PUBLICATION INCOME 17,928   17,928


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 24,773 0 151 24,622
    ART CONSULTANT 150,000 0 917 149,083
    EXHIBITION INITIATIVE 560,107 0 2,874 557,233


    TY 2021 TaxesSchedule
    Name:
    THE WILLEM DE KOONING FOUNDATION
    EIN:
    13-4151973
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 79,301 0 485 78,816
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 84,142 0 0 0