TY 2022 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	36,000
2	Check .............
3	Interest on savings and temporary cash investments	883	1,087,111
4	Dividends and interest from securities...	4,250,339	5,458,720
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-3,985,017
b	Gross sales price for all assets on line 6a 113,566,909
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........
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).......	List of Attached Documents: // Content	146,852	522,857	9,337
12	Total. Add lines 1 through 11........	449,057	7,068,688	9,337
	13	Compensation of officers, directors, trustees, etc.	1,311,562	72,761	0	1,233,801
14	Other employee salaries and wages......	2,071,774	7,239	0	2,055,388
15	Pension plans, employee benefits.......	851,159	14,274	0	793,457
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	12,715	0	0	39,069
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	62,259	12,452	0	49,807
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	2,213,429	1,659,665	0	564,068
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	104,085	0	0	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	490,924	0	9,337
20	Occupancy..............	928,630	15,894	0	892,265
21	Travel, conferences, and meetings.......	525,304	2,073	0	491,767
22	Printing and publications..........	20,813	0	0	20,334
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,041,555	2,062,974	0	1,061,401
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	9,634,209	3,847,332	9,337	7,201,357
25	Contributions, gifts, grants paid.......	9,907,025			14,683,815
26	Total expenses and disbursements. Add lines 24 and 25	19,541,234	3,847,332	9,337	21,885,172
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-19,092,177
b	Net investment income (if negative, enter -0-)		3,221,356
c	Adjusted net income (if negative, enter -0-)...			0

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
	1	Cash—non-interest-bearing.............	263,179	1,179,214	1,179,214
2	Savings and temporary cash investments.........
3	Accounts receivable 136,183
	Less: allowance for doubtful accounts	46,016	136,183	136,183
4	Pledges receivable
	Less: allowance for doubtful accounts
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)
	Less: allowance for doubtful accounts
8	Inventories for sale or use..............
9	Prepaid expenses and deferred charges..........	129,932	4,255,888	4,255,888
10a	Investments—U.S. and state government obligations (attach schedule)
b	Investments—corporate stock (attach schedule).......	110,372,426	List of Attached Documents: // Content 130,633,786	130,633,786
c	Investments—corporate bonds (attach schedule).......	14,180,301	List of Attached Documents: // Content 21,768,750	21,768,750
11	Investments—land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
12	Investments—mortgage loans.............
13	Investments—other (attach schedule)..........	242,818,113	List of Attached Documents: // Content 233,038,994	233,038,994
14	Land, buildings, and equipment: basis 12,948,200
	Less: accumulated depreciation (attach schedule) 6,414,712	6,802,825	List of Attached Documents: // Content 6,533,488	6,533,488
15	Other assets (describe )	List of Attached Documents: // Content 184,440,152	List of Attached Documents: // Content 186,300,455	List of Attached Documents: // Content 186,300,455
16	Total assets (to be completed by all filers—see the
	instructions. Also, see page 1, item I)	559,052,944	583,846,758	583,846,758
	17	Accounts payable and accrued expenses..........	442,794	492,608
18	Grants payable.................	12,597,720	7,820,930
19	Deferred revenue.................	2,330,476	2,300,000
20	Loans from officers, directors, trustees, and other disqualified persons
21	Mortgages and other notes payable (attach schedule)......
22	Other liabilities (describe )	List of Attached Documents: // Content 90,330	List of Attached Documents: // Content 8,734,215
23	Total liabilities (add lines 17 through 22).........	15,461,320	19,347,753
		Foundations that follow FASB ASC 958, check here
	and complete lines 24, 25, 29 and 30.
24	Net assets without donor restrictions...........	350,323,668	358,803,114
25	Net assets with donor restrictions............	193,267,956	205,695,891
	Foundations that do not follow FASB ASC 958, check here
	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).....	543,591,624	564,499,005
30	Total liabilities and net assets/fund balances (see instructions).	559,052,944	583,846,758

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-10,840,894
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 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	44,777
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	44,777
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	44,777
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	53,869
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	30,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	83,869
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. List of Attached Documents: // Content	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	39,092
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax39,092	Refunded	11	0

(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
HUEY COPELAND	DIRECTOR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
NORA DALEY	DIRECTOR/VICE CHAIR 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
AMINA DICKERSON	DIRECTOR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
JOSEPH GROMACKI	DIRECTOR/CHAIR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
CHARLES HARPER	DIRECTOR/TREASURER 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
STEPHANIE HARRIS	DIRECTOR 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
ERICA HIRSHLER	DIRECTOR/SECRETARY 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
HENRY JOHNSON	DIRECTOR 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
RAYMOND MCGUIRE	DIRECTOR 1.00	5,000	0	0
120 E ERIE STREET CHICAGO,IL60611
CLARE MUNANA	DIRECTOR 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
ANNE MUNSCH	CFO, ASST SEC/TREASURER 35.00	363,804	31,028	0
120 E ERIE STREET CHICAGO,IL60611
ADAM WEINBERG	DIRECTOR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
JAY XU	DIRECTOR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
AMY ZINCK	EXEC VICE PRESIDENT 35.00	337,670	30,990	0
120 E ERIE STREET CHICAGO,IL60611
SHARON CORWIN	CEO, PRESIDENT 35.00	515,088	52,720	0
120 E ERIE STREET CHICAGO,IL60611
ERIC MCKISSACK	DIRECTOR 1.00	10,000	0	0
120 E ERIE STREET CHICAGO,IL60611
RAVI SALIGRAM	DIRECTOR 1.00	5,000	0	0
120 E ERIE STREET CHICAGO,IL60611
KAYWIN FELDMAN	DIRECTOR 1.00	0	0	0
120 E ERIE STREET CHICAGO,IL60611
VICTORIA ROGERS	DIRECTOR 1.00	5,000	0	0
120 E ERIE STREET CHICAGO,IL60611
CATHERINE SARR	DIRECTOR 1.00	5,000	0	0
120 E ERIE STREET CHICAGO,IL60611
AMANDA WILLIAMS	DIRECTOR 1.00	5,000	0	0
120 E ERIE STREET CHICAGO,IL60611


TURRY FLUCKER	VP OF COLLECTIONS & 35.00	216,708	0	0
120 EAST ERIE ST CHICAGO,IL60611
CARRIE HASLETT	PROGRAM DIRECTOR 35.00	170,126	16,887	0
120 EAST ERIE ST CHICAGO,IL60611
JENNIFER SIEGENTHALER	PROGRAM DIRECTOR 35.00	163,195	16,120	0
120 EAST ERIE ST CHICAGO,IL60611
AMY GUNDERSON	DIRECTOR, GRANTS ADM 35.00	106,897	10,605	0
120 EAST ERIE ST CHICAGO,IL60611
FRANCESCA ROSE	DEPUTY DIRECTOR, PAR 35.00	107,878	0	0
121 RUE DE LILLE PARIS 75007 FR
Total number of other employees paid over $50,000...................	15


NORTHERN TRUST	INVESTMENT MANAGEMENT	182,027
50 S LASALLE STREET CHICAGO,IL60603
STREAMLIFE CONSULTING LLC	CONSULTING	102,000
4036 N SACRAMENTO AVE CHICAGO,IL60618
TERRY DOWD INC	ART CRATING/SHIPPING	90,122
2233 S THROOP STREET CHICAGO,IL60608
THE NEBO COMPANY	HR CONSULTING	66,764
1050 30TH STREET NW WASHINGTON,DC20007
PLANTE & MORAN	AUDIT/TAX	62,259
10 S RIVERSIDE PLAZA CHICAGO,IL60606

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	GRANTS WERE AWARDED TO 179 EDUCATIONAL & PUBLIC INSTITUTIONS FOR EXHIBITIONS, EDUCATIONAL PROGRAMS & SYMPSIA, FELLOWSHIPS, & PUBLICATIONS.	14,681,223
2	DIRECT ACTIVITIES TO ADVANCE THE FIELD OF AMERICAN ART, INCLUDING EXHIBITIONS, SCHOLARLY RESEARCH, PUBLICATIONS AND EDUCATIONAL & RESIDENCY PROGRAMS.	328,215
3	FELLOWSHIP AND RESEARCH GRANTS WERE AWARDED TO INDIVIDUALS FOR ART EDUCATION. ALL GRANTS TO INDIVIDUALS ARE MONITORED BY TERRA FOUNDATION STAFF.	2,582
4

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
6018NORTH 6018 N KENMORE AVE CHICAGO,IL60660		PC	ART EDUCATION	20,000
ACKLAND ART MUSEUM 101 S COLUMBIA ST CAMPUS BOX 3400 CHAPEL HILL,NC275993400		PC	ART EDUCATION	25,000
ACKLAND ART MUSEUM 101 S COLUMBIA ST CAMPUS BOX 3400 CHAPEL HILL,NC275993400		PC	ART EDUCATION	75,000
ALBRIGHT-KNOX ART GALLERY 1285 ELMWOOD AVE BUFFALO,NY142221003		PC	ART EDUCATION	75,000
AMERICAN ACADEMY IN ROME 535 WEST 22ND STREET THIRD FLOOR NEW YORK,NY10011		PC	ART EDUCATION	76,450
AMERICAN ACADEMY IN ROME 535 WEST 22ND STREET THIRD FLOOR NEW YORK,NY10011		PC	ART EDUCATION	79,700
AMERICAN ACADEMY IN ROME 535 WEST 22ND STREET THIRD FLOOR NEW YORK,NY10011		PC	ART EDUCATION	5,000
AMERICAN FEDERATION OF ARTS 305 E 47TH ST FL 10 NEW YORK,NY10017		PC	ART EDUCATION	50,000
AMERICAN FEDERATION OF ARTS 305 E 47TH ST FL 10 NEW YORK,NY10017		PC	ART EDUCATION	50,000
AMERICAN FOLK ART MUSEUM (AFAM) 4729 32ND PL LONG ISLAND CITY,NY111012409		PC	ART EDUCATION	20,000
AMERICAN FOLK ART MUSEUM 4729 32ND PL NEW YORK,NY111012409		PC	ART EDUCATION	125,000
ASIAN ART MUSEUM OF SAN FRANCISCO 200 LARKIN STREET SAN FRANCISCO,CA94102		PC	ART EDUCATION	10,000
ASIAN ART MUSEUM OF SAN FRANCISCO 200 LARKIN STREET SAN FRANCISCO,CA94102		PC	ART EDUCATION	75,000
ASSOCIATION OF ART MUSEUM CURATORS 205 LEXINGTON AVENUE SUITE 901 NEW YORK,NY100160000		PC	ART EDUCATION	35,000
ASU ART MUSEUM PO BOX 2260 TEMPE,AZ852802260		PC	ART EDUCATION	75,000
AUTRY MUSEUM OF THE AMERICAN WEST 4700 WESTERN HERITAGE WAY LOS ANGELES,CA900271462		PC	ART EDUCATION	75,000
BALL STATE UNIVERSITY FOUNDATION ALUMNI CENTER MUNCIE,IN47304		PC	ART EDUCATION	10,000
BALLROOM MARFA 108 E SAN ANTONIO ST MARFA,TX798430000		PC	ART EDUCATION	21,500
BARBICAN CENTRE TRUST BARBICAN CENTRE SILK STREET LONDON EC2Y 8DS UK		NC	ART EDUCATION	32,000
BARD GRADUATE CENTER 18 WEST 86TH ST NEW YORK,NY10024		PC	ART EDUCATION	85,500
BLACK METROPOLIS RESEARCH CONSORTIUM 6054 S DREXEL AVESUITE 400 CHICAGO,IL606370000		PC	ART EDUCATION	111,500
BOSTON ATHENAEUM 10 1/2 BEACON STREET BOSTON,MA02108		PC	ART EDUCATION	75,000
BOWDOIN COLLEGE 5400 COLLEGE STA BRUNSWICK,ME040118445		PC	ART EDUCATION	25,000
BURKE MUSEUM OF NATURAL HISTORY AND CULTURE PO BOX 353010 SEATTLE,WA981953010		PC	ART EDUCATION	74,000
CALIFORNIA COLLEGE OF THE ARTS 1111 8TH STREET SAN FRANCISCO,CA941072247		PC	ART EDUCATION	17,000
CHICAGO DEPARTMENT OF CULTURAL AFFAIRS & SPECIAL EVENTS CHICAGO CULTURAL CENTER 78 E WASHINGTON STREET CHICAGO,IL60602		PC	ART EDUCATION	20,000
CHICAGO HUMANITIES FESTIVAL 500 N DEARBORN ST CHICAGO,IL606547659		PC	ART EDUCATION	30,000
CHICAGO PARKS FOUNDATION C/O CHICAGO PARK DISTRICT CHICAGO,IL60611		PC	ART EDUCATION	26,000
CHICAGO PUBLIC LIBRARY FOUNDATION (CPLF) CHICAGO PUBLIC LIBRARY FOUNDATION CHICAGO,IL606063412		PC	ART EDUCATION	20,000
CHINATOWN MEDIA AND ARTS COLLABORATIVE 800 GRANT AVE SAN FRANCISCO,CA941081709		PC	ART EDUCATION	22,130
CHISENHALE GALLERY 64 CHISENHALE ROAD LONDON E3 5QZ UK		NC	ART EDUCATION	34,200
CINCINNATI ART MUSEUM 953 EDEN PARK DR CINCINNATI,OH452021557		PC	ART EDUCATION	200,000
COLBY COLLEGE MUSEUM OF ART 4365 MAYFLOWER HILL DRIVE WATERVILLE,ME04901		PC	ART EDUCATION	25,000
COLLEGE ART ASSOCIATION 50 BROADWAY NEW YORK,NY10004		PC	ART EDUCATION	70,000
COLORADO SPRINGS FINE ARTS CENTER COLORADO COLLEGE COLORADO SPRINGS,CO80903		PC	ART EDUCATION	63,000
CONTEMPORARY AND (C&) AM LOKDEPOT 6 BERLIN 10965 GM		NC	ART EDUCATION	86,000
CONTEMPORARY ARTS CENTER 44 E 6TH ST CINCINNATI,OH452022518		PC	ART EDUCATION	100,000
CONTEMPORARY ARTS MUSEUM HOUSTON 5020 MONTROSE BLVD SUITE 210 HOUSTON,TX77004		PC	ART EDUCATION	75,000
COOPER HEWITT NATIONAL DESIGN MUSEUM 2 EAST 91 STREET NEW YORK,NY10128		PC	ART EDUCATION	75,000
COURTAULD INSTITUTE OF ART VERNON SQUARE LONDON WC1X 9EW UK		NC	ART EDUCATION	94,900
CREATIVE TIME INC 59 E 4TH ST STE 6E NEW YORK,NY100038991		PC	ART EDUCATION	25,000
CROCKER ART MUSEUM 216 O STREET SACRAMENTO,CA95814		PC	ART EDUCATION	25,000
DAVID AND ALFRED SMART MUSEUM OF ART 5555 S GREENWOOD AVE CHICAGO,IL60637		PC	ART EDUCATION	20,000
DAVID AND ALFRED SMART MUSEUM OF ART 5555 S GREENWOOD AVE CHICAGO,IL60637		PC	ART EDUCATION	40,000
DEPAUL UNIVERSITY-DEPAUL ART MUSEUM 1 EAST JACKSON BLVD CHICAGO,IL60604		PC	ART EDUCATION	50,000
DESIGN MUSEUM OF CHICAGO 72 E RANDOLPH ST FLOOR 1 CHICAGO,IL60601		PC	ART EDUCATION	20,000
EL MUSEO DEL BARRIO 1230 FIFTH AVENUE NEW YORK,NY10029		PC	ART EDUCATION	82,000
EL MUSEO DEL BARRIO 1230 FIFTH AVENUE NEW YORK,NY10029		PC	ART EDUCATION	150,000
ELI AND EDYTHE BROAD ART MUSEUM AT MICHIGAN STATE UNIVERSITY 556 EAST CIRCLE DRIVE EAST LANSING,MI48824		PC	ART EDUCATION	75,000
ELI AND EDYTHE BROAD ART MUSEUM AT MICHIGAN STATE UNIVERSITY 556 EAST CIRCLE DRIVE EAST LANSING,MI48824		PC	ART EDUCATION	75,000
FAIRFIELD UNIVERSITY ART MUSEUM 1073 N BENSON RD FAIRFIELD,CT06824		PC	ART EDUCATION	10,000
FINE ARTS MUSEUMS OF SAN FRANCISCO 50 HAGIWARA TEA GARDEN DR SAN FRANCISCO,CA94118		PC	ART EDUCATION	75,000
FLOATING MUSEUM 949 E 75TH ST CHICAGO,IL60619		PC	ART EDUCATION	110,000
FLOATING MUSEUM 949 E 75TH ST CHICAGO,IL60619		PC	ART EDUCATION	10,000
FLOATING MUSEUM 949 E 75TH ST CHICAGO,IL60619		PC	ART EDUCATION	10,000
FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC BOX 6005 BINGHAMTON,NY139026005		PC	ART EDUCATION	72,000
FREIE UNIVERSITT BERLIN - JOHN-F-KENNEDY-INSTITUT FR NORDAMERIKASTUDIEN LANSSTR 7-9 BERLIN 14195 GM		PC	ART EDUCATION	80,000
FRIENDS OF GANONDAGAN PO BOX 113 VICTOR,NY14564		PC	ART EDUCATION	75,000
FRIENDS OF GANONDAGAN PO BOX 113 VICTOR,NY14564		PC	ART EDUCATION	78,037
FRIENDS OF THE ELISABET NEY MUSEUM 4315 GUADALUPE ST AUSTIN,TX78751		PC	ART EDUCATION	40,000
FRONT EXHIBITION COMPANY 1460 W 29TH ST CLEVELAND,OH441132961		PC	ART EDUCATION	25,000
GALLERY 400 AT UNIVERSITY OF ILLINOIS AT CHICAGO 400 S PEORIA ST MC034 CHICAGO,IL60607		PC	ART EDUCATION	31,800
GALLERY 400 AT UNIVERSITY OF ILLINOIS AT CHICAGO 400 S PEORIA ST MC034 CHICAGO,IL60607		PC	ART EDUCATION	20,000
GEORGIA MUSEUM OF ART 90 CARLTON ST ATHENS,GA30602		PC	ART EDUCATION	25,000
GILCREASE MUSEUM 800 S TUCKER DR TULSA,OK74104		PC	ART EDUCATION	75,000
GOETHE-UNIVERSITT (INSTITUT FR ETHNOLOGIE DEPT OF SOCIAL AND CULTURAL ANT THEODOR-WADORNO-PLATZ 1 FRANKFURT AM MAIN 60323 GM		NC	ART EDUCATION	26,000
GREY ART MUSEUM NYU 20 COOPER SQUARE 2ND FLOOR NEW YORK,NY10003		PC	ART EDUCATION	350,000
GWZO EV REICHSSTR 4-6 LEIPZIG,DELAWARE04109 GM		NC	ART EDUCATION	41,000
HAMBURGER KUNSTHALLE GLOCKENGIESSERWALL 5 HAMBURG 20095 GM		NC	ART EDUCATION	150,000
HARVARD ART MUSEUMS 1033 MASSACHUSETTS AVE STE 3 CAMBRIDGE,MA021385366		PC	ART EDUCATION	25,000
HEARD MUSEUM 2301 N CENTRAL AVENUE PHOENIX,AZ850041323		PC	ART EDUCATION	25,000
HEARD MUSEUM 2301 N CENTRAL AVENUE PHOENIX,AZ850041323		PC	ART EDUCATION	75,000
HIGH DESERT MUSEUM 59800 SOUTH HWY 97 BEND,OR97702		PC	ART EDUCATION	75,000
HIGH MUSEUM OF ART 1280 PEACHTREE STREET NE ATLANTA,GA30309		PC	ART EDUCATION	75,000
HISTORIC DEERFIELD PO BOX 321 DEERFIELD,MA01342		PC	ART EDUCATION	5,000
HUMBOLDT-UNIVERSITT ZU BERLIN UNTER DEN LINDEN 6 BERLIN 10099 GM		PC	ART EDUCATION	82,400
HYDE PARK ART CENTER 5020 SOUTH CORNELL AVE CHICAGO,IL60615		PC	ART EDUCATION	20,000
HYDE PARK ART CENTER 5020 SOUTH CORNELL AVE CHICAGO,IL60615		PC	ART EDUCATION	102,000
HYDE PARK ART CENTER 5020 SOUTH CORNELL AVE CHICAGO,IL60615		PC	ART EDUCATION	60,000
ILLINOIS STATE MUSEUM 502 SOUTH SPRING STREET SPRINGFIELD,IL62706		PC	ART EDUCATION	50,000
INDEPENDENT CURATORS INTERNATIONAL 401 BROADWAY 1620 NEW YORK,NY10013		PC	ART EDUCATION	100,000
INSTITUT NATIONAL D'HISTORIE DE I'ART 2 RUE VIVIENNE PARIS 75002 FR		PC	ART EDUCATION	41,800
INSTITUTE OF CONTEMPORARY ART (ICA) UNIVERSITY OF PENNSYLVANIA 118 S 36TH STREET PHILADELPHIA,PA19104		PC	ART EDUCATION	125,000
INTUIT THE CENTER FOR INTUITIVE AND OUTSIDER ART 756 N MILWAUKEE AVENUE CHICAGO,IL60642		PC	ART EDUCATION	35,000
IRIS & B GERALD CANTOR CENTER FOR VISUAL ARTS 328 LOMITA DRIVE REDWOOD CITY,CA943055060		PC	ART EDUCATION	25,000
IRIS & B GERALD CANTOR CENTER FOR VISUAL ARTS 328 LOMITA DRIVE REDWOOD CITY,CA943055060		PC	ART EDUCATION	75,000
JANE ADDAMS HULL-HOUSE MUSEUM JANE ADDAMS HULL-HOUSE MUSEUM CHICAGO,IL606077017		PC	ART EDUCATION	20,000
JAPANESE AMERICAN NATIONAL MUSEUM 100 N CENTRAL AVE LOS ANGELES,CA900123911		PC	ART EDUCATION	150,000
JOSLYN ART MUSEUM 2200 DODGE STREET OMAHA,NE68102		PC	ART EDUCATION	75,000
KARLA SCHERER CENTER FOR THE STUDY OF AMERICAN CULTURE 6054 S DREXEL AVESUITE 400 CHICAGO,IL606370000		PC	ART EDUCATION	15,000
KATHERINE E NASH GALLERY MCNAMARA ALUMNI CENTER MINNEAPOLIS,MN55455		PC	ART EDUCATION	75,000
KINGSTON UNIVERSITY RIVER HOUSE 5357 HIGH STREET LONDON KT1 1LQ UK		NC	ART EDUCATION	16,500
KUNSTINSTITUUT MELLY WITTE DE WITHSTRAAT 50 ROTTERDAM 3012 BR NL		NC	ART EDUCATION	78,180
KUNSTMUSEUM BASEL ST ALBAN-GRABEN 8 POSTFACH BASEL CH-4010 SZ		NC	ART EDUCATION	150,000
KUNST-WERKE BERLIN E V KW INSTITUTE FOR CONTEMPORARY ART AUGUSTSTRAE 69 BERLIN 10117 GM		NC	ART EDUCATION	175,000
LAWRENCE ADIVA 6 SHELLEY HOUSE LONDON E2 0HE UK		INDIVIDUAL	ART EDUCATION	778
LAXART PO BOX 26778 LOS ANGELES,CA900260778		PC	ART EDUCATION	250,000
MAREMUZEUL DE ART RECENT PRIMVERII 15 BUCHAREST 011971 RO		NC	ART EDUCATION	7,000
MAREMUZEUL DE ART RECENT PRIMVERII 15 BUCHAREST 011971 RO		NC	ART EDUCATION	12,000
MARY & LEIGH BLOCK MUSEUM OF ART 40 ARTS CIRCLE DRIVE EVANSTON,IL60208		PC	ART EDUCATION	20,000
MASSACHUSETTS MUSEUM OF CONTEMPORARY ART 50 ORANGE ST NEW HAVEN,CT065103107		PC	ART EDUCATION	25,000
MCCLUNG MUSEUM OF NATURAL HISTORY & CULTURE 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE,TN379214848		PC	ART EDUCATION	145,000
MCCORD STEWART MUSEUM 690 SHERBROOKE STREET WEST MONTREAL H3A 1E9 CA		NC	ART EDUCATION	96,963
MILWAUKEE ART MUSEUM 700 NORTH ART MUSEUM DRIVE MILWAUKEE,WI53202		PC	ART EDUCATION	50,000
MINGEI INTERNATIONAL MUSEUM 1439 EL PRADO SAN DIEGO,CA92101		PC	ART EDUCATION	75,000
MINNEAPOLIS INSTITUTE OF ART 2400 THIRD AVENUE SOUTH MINNEAPOLIS,MN55404		PC	ART EDUCATION	100,000
MINT MUSEUM OF ART 2730 RANDOLPH RD CHARLOTTE,NC282072012		PC	ART EDUCATION	50,000
MISSISSIPPI MUSEUM OF ART 380 SOUTH LAMAR STREET JACKSON,MS39201		PC	ART EDUCATION	75,000
MODERNA MUSEET STOCKHOLM POSTAL ADDRESS STOCKHOLM SE-103 27 SW		PC	ART EDUCATION	75,000
MONTANA STATE UNIVERSITY PO BOX 172750 BOZEMAN,MT597172750		PC	ART EDUCATION	25,000
MONTCLAIR ART MUSEUM 3 SOUTH MOUNTAIN AVENUE MONTCLAIR,NJ070421747		PC	ART EDUCATION	75,000
MUSEE DES BEAUX-ARTS DE MONTREAL 2189 BISHOP STREET MONTREAL H3G 2E8 CA		NC	ART EDUCATION	125,000
MUSEO DE ARTE COMTEMPORAENO DE PANAMA AVENDIA DE LOS MARTIRES SAN BLAS STREET ANCON PANAMA CITY 0000 PM		NC	ART EDUCATION	25,000
MUSEU DE ARTE CONTEMPORNEA DA UNIVERSIDADE DE SO PAULO AVENIDA PEDRO LVARES CABRAL 1301 SAO PAULO 42333 BR		NC	ART EDUCATION	43,830
MUSEU DE ARTE DE SO PAULO AVENIDA PAULISTA 1578 SAO PAULO 01310-200 BR		PC	ART EDUCATION	75,000
MUSEUM DER BILDENDEN KNSTE LEIPZIG KATHARINENSTRAE 10 LEIPZIG 04109 GM		PC	ART EDUCATION	25,000
MUSEUM OF CONTEMPORARY ART CHICAGO 220 E CHICAGO AVE CHICAGO,IL60611		PC	ART EDUCATION	20,000
MUSEUM OF CONTEMPORARY ART CHICAGO 220 E CHICAGO AVE CHICAGO,IL60611		PC	ART EDUCATION	125,000
MUSEUM OF CONTEMPORARY ART CHICAGO 220 E CHICAGO AVE CHICAGO,IL60611		PC	ART EDUCATION	75,000
MUSEUM OF CONTEMPORARY ART CHICAGO 220 E CHICAGO AVE CHICAGO,IL60611		PC	ART EDUCATION	10,000
MUSEUM OF FINE ARTS BOSTON 465 HUNTINGTON AVENUE BOSTON,MA02115		PC	ART EDUCATION	250,000
MUSEUM OF FINE ARTS BOSTON 465 HUNTINGTON AVENUE BOSTON,MA02115		PC	ART EDUCATION	10,000
MUSEUM OF INDIAN ARTS AND CULTURE 1411 PASEO DE PERALTA SANTA FE,NM87501		PC	ART EDUCATION	75,000
MUSEUM OF INTERNATIONAL FOLK ART PO BOX 2087 SANTA FE,NM87504		PC	ART EDUCATION	148,000
MUSEUM OF NEBRASKA ART 2401 CENTRAL AVENUE KEARNEY,NE68847		PC	ART EDUCATION	75,000
MUSEUM OF THE CHEROKEE INDIAN PO BOX 1599 CHEROKEE,NC28719		PC	ART EDUCATION	75,000
MUSEUM OF VERNACULAR ARTS AND KNOWLEDGE 4940 SOUTH EAST END AVENUE CHICAGO,IL60615		PC	ART EDUCATION	25,000
MUSEUM OF VERNACULAR ARTS AND KNOWLEDGE 4940 SOUTH EAST END AVENUE CHICAGO,IL60615		PC	ART EDUCATION	25,000
NATIONAL GALLERY OF ART 2000 SOUTH CLUB DRIVE LANDOVER,MD20785		PC	ART EDUCATION	10,000
NATIONAL GALLERY OF ART 2000 SOUTH CLUB DRIVE LANDOVER,MD20785		PC	ART EDUCATION	10,000
NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE 1400 CONSTITUTION AVE NW WASHINGTON,DC20560		PC	ART EDUCATION	10,000
NATIONAL MUSEUM OF MEXICAN ART 1852 W 19TH ST CHICAGO,IL60608		PC	ART EDUCATION	25,000
NATIONAL MUSEUM OF MEXICAN ART 1852 W 19TH ST CHICAGO,IL60608		PC	ART EDUCATION	20,000
NATIONAL MUSEUM OF MEXICAN ART 1852 W 19TH ST CHICAGO,IL60608		PC	ART EDUCATION	21,000
NATIONAL MUSEUM OF MEXICAN ART 1852 W 19TH ST CHICAGO,IL60608		PC	ART EDUCATION	35,000
NATIONAL MUSEUM OF THE AMERICAN INDIAN - NEW YORK 1000 JEFFERSON DR SW WASHINGTON,DC205600008		PC	ART EDUCATION	250,000
NATIONAL MUSEUM OF THE AMERICAN INDIAN FOURTH STREET AND INDEPENDENCE AVENUE SW WASHINGTON,DC20560		PC	ART EDUCATION	75,000
NATIONAL PORTRAIT GALLERY 8TH AND G STREETS NW WASHINGTON,DC20001		PC	ART EDUCATION	50,000
NATIONAL PORTRAIT GALLERY 8TH AND G STREETS NW WASHINGTON,DC20001		PC	ART EDUCATION	75,000
NEUBERGER MUSEUM OF ART 735 ANDERSON HILL RD PURCHASE,NY10577		PC	ART EDUCATION	75,000
NEW BEDFORD WHALING MUSEUM 18 JOHNNY CAKE HILL NEW BEDFORD,MA02740		PC	ART EDUCATION	75,000
NEW BEDFORD WHALING MUSEUM 18 JOHNNY CAKE HILL NEW BEDFORD,MA02740		PC	ART EDUCATION	25,000
NEW MUSEUM OF CONTEMPORARY ART 235 BOWERY NEW YORK,NY10002		PC	ART EDUCATION	75,000
NEW ORLEANS MUSEUM OF ART ONE COLLINS DIBOLL CIRCLE NEW ORLEANS,LA701244603		PC	ART EDUCATION	75,000
NEW YORK FOUNDATION FOR THE ARTS (NYFA) 20 JAY ST STE 740 BROOKLYN,NY112018352		PC	ART EDUCATION	20,000
NORTH CAROLINA MUSEUM OF ART 4630 MAIL SERVICE CENTER RALEIGH,NC27699		PC	ART EDUCATION	75,000
NORTHWEST MUSEUM OF ARTS AND CULTURE 2316 W 1ST AVE SPOKANE,WA992015906		PC	ART EDUCATION	100,000
PATRICIA & PHILLIP FROST ART MUSEUM 10975 SW 17TH ST MIAMI,FL33199		PC	ART EDUCATION	70,000
PATRICIA & PHILLIP FROST ART MUSEUM 10975 SW 17TH ST MIAMI,FL33199		PC	ART EDUCATION	75,000
PENNSYLVANIA ACADEMY OF THE FINE ARTS 128 NORTH BROAD STREET PHILADELPHIA,PA19102		PC	ART EDUCATION	75,000
PENNSYLVANIA ACADEMY OF THE FINE ARTS 128 NORTH BROAD STREET PHILADELPHIA,PA19102		PC	ART EDUCATION	150,000
PHOTOGRAPHY NETWORK VOORHEES HALL NEW BRUNSWICK,NJ08901		PC	ART EDUCATION	30,000
PLAINS ART MUSEUM 704 FIRST AVENUE N FARGO,ND58102		PC	ART EDUCATION	70,000
PORTLAND MUSEUM OF ART 7 CONGRESS SQUARE PORTLAND,ME04101		PC	ART EDUCATION	75,000
PRINCETON UNIVERSITY ART MUSEUM OFFICE OF RESEARCH AND PROJECT ADMINISTRATION PRINCETON,NJ085406000		PC	ART EDUCATION	75,000
PROSPECT NEW ORLEANS PO BOX 58800 NEW ORLEANS,LA70158		PC	ART EDUCATION	10,000
PUBLIC ART FUND 1 EAST 53RD STREET NEW YORK,NY10022		PC	ART EDUCATION	10,650
PUBLIC ART FUND 1 EAST 53RD STREET NEW YORK,NY10022		PC	ART EDUCATION	10,650
PUERTO RICAN ARTS ALLIANCE 3000 N ELBRIDGE AVE CHICAGO,IL60626		PC	ART EDUCATION	20,000
QUEENS MUSEUM NEW YORK CITY BUILDING QUEENS,NY11368		PC	ART EDUCATION	75,000
RHODE ISLAND SCHOOL OF DESIGN MUSEUM OF ART 224 BENEFIT STREET PROVIDENCE,RI02903		PC	ART EDUCATION	700
RHODE ISLAND SCHOOL OF DESIGN MUSEUM OF ART 224 BENEFIT STREET PROVIDENCE,RI02903		PC	ART EDUCATION	75,000
RIVERSIDE ART MUSEUM 3425 MISSION INN AVENUE RIVERSIDE,CA92501		PC	ART EDUCATION	75,000
ROCHESTER MUSEUM AND SCIENCE CENTER 657 EAST AVE ROCHESTER,NY14607		PC	ART EDUCATION	75,000
SCHREIBER KIMBERLY 21A VALENTINE ROAD LONDON E9 7AD UK		INDIVIDUAL	ART EDUCATION	604
SERPENTINE GALLERIES KENSINGTON GARDENS LONDON W2 3XA UK		NC	ART EDUCATION	75,000
SHARJAH ART FOUNDATION SHARJAH ART MUSEUM SHARJAH 00000 AE		NC	ART EDUCATION	25,000
SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE 136 WEST 22ND STREET GROUND FLOOR NEW YORK,NY100112424		PC	ART EDUCATION	75,000
SMARTHISTORY 10 WOODBROOK RD PLEASANTVILLE,NY105702511		PC	ART EDUCATION	68,000
SMITHSONIAN AMERICAN ART MUSEUM AND THE RENWICK GALLERY 8TH ST NW AND G ST NW WASHINGTON,DC20004		PC	ART EDUCATION	167,650
SMITHSONIAN AMERICAN ART MUSEUM AND THE RENWICK GALLERY 8TH ST NW AND G ST NW WASHINGTON,DC20004		PC	ART EDUCATION	24,955
SMITHSONIAN AMERICAN ART MUSEUM AND THE RENWICK GALLERY 8TH ST NW AND G ST NW WASHINGTON,DC20004		PC	ART EDUCATION	200,000
SOUL OF NATIONS FOUNDATION 455 MASSACHUSETTS AVE NW WASHINGTON,DC200012621		PC	ART EDUCATION	75,000
SOUTH SIDE COMMUNITY ART CENTER 3831 S MICHIGAN AVENUE CHICAGO,IL606531513		PC	ART EDUCATION	25,000
SPRINGFIELD MUSEUMS 21 EDWARDS STREET SPRINGFIELD,MA01103		PC	ART EDUCATION	25,000
STORM KING ART CENTER 1 MUSEUM ROAD NEW WINDSOR,NY12553		PC	ART EDUCATION	5,000
TAMPA MUSEUM OF ART 120 W GASPARILLA PLAZA TAMPA,FL33602		PC	ART EDUCATION	20,000
THE ART INSTITUTE OF CHICAGO 111 S MICHIGAN AVE CHICAGO,IL606036110		PC	ART EDUCATION	32,500
THE ART INSTITUTE OF CHICAGO 111 S MICHIGAN AVE CHICAGO,IL606036110		PC	ART EDUCATION	32,500
THE ART INSTITUTE OF CHICAGO 111 S MICHIGAN AVE CHICAGO,IL606036110		PC	ART EDUCATION	5,000
THE ARTS CLUB OF CHICAGO 201 E ONTARIO ST CHICAGO,IL606113204		PC	ART EDUCATION	75,000
THE BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE,MD21218		PC	ART EDUCATION	200,000
THE BROOKLYN RAIL 253 36TH STREET BROOKLYN,NY112322428		PC	ART EDUCATION	125,000
THE BROOKLYN RAIL 253 36TH STREET BROOKLYN,NY112322428		PC	ART EDUCATION	125,000
THE DETROIT INSTITUTE OF ARTS 5200 WOODWARD AVENUE DETROIT,MI48202		PC	ART EDUCATION	75,000
THE FIELD MUSEUM 1400 S DUSABLE LAKESHORE CHICAGO,IL606050000		PC	ART EDUCATION	25,000
THE ISAMU NOGUCHI FOUNDATION AND GARDEN MUSEUM 3237 VERNON BLVD LONG ISLAND CITY,NY111064926		PC	ART EDUCATION	250,000
THE LAUNDROMAT PROJECT 1476 FULTON ST BROOKLYN,NY112162505		PC	ART EDUCATION	35,000
THE MUSEUM OF CONTEMPORARY PHOTOGRAPHY 600 S MICHIGAN AVE CHICAGO,IL60605		PC	ART EDUCATION	34,000
THE NATIONAL GALLERY TRAFALGAR SQUARE LONDON WC2N 5DN UK		NC	ART EDUCATION	175,000
THE OHIO STATE UNIVERSITY BILLY IRELAND CARTOON LIBRARY AND MUSEUM 14 E 15TH AVENUE COLUMBUS,OH43201		PC	ART EDUCATION	75,000
THE PHILLIPS COLLECTION 1600 21ST ST NW WASHINGTON,DC200091003		PC	ART EDUCATION	10,000
THE PHILLIPS COLLECTION 1600 21ST ST NW WASHINGTON,DC200091003		PC	ART EDUCATION	70,000
THE ROSE ART MUSEUM 415 SOUTH ST MS 069 WALTHAM,MA02453		PC	ART EDUCATION	100,000
THE SAMUEL DORSKY MUSEUM OF ART 1 HAWK DR NEW PALTZ,NY125612443		PC	ART EDUCATION	71,000
THE SPEED ART MUSEUM 2035 S 3RD STREET LOUISVILLE,KY40208		PC	ART EDUCATION	75,000
THREEWALLS 2738 W NORTH AVE CHICAGO,IL606479500		PC	ART EDUCATION	75,000
TUCSON MUSEUM OF ART AND HISTORIC BLOCK 140 N MAIN AVE TUCSON,AZ85701		PC	ART EDUCATION	75,000
UC BERKELEY ART MUSEUM AND PACIFIC FILM ARCHIVE (BAMPFA) 2120 OXFORD STREET 2250 BERKELEY,CA94720		PC	ART EDUCATION	60,000
UC BERKELEY ART MUSEUM AND PACIFIC FILM ARCHIVE (BAMPFA) 2120 OXFORD STREET 2250 BERKELEY,CA94720		PC	ART EDUCATION	50,000
UKRAINIAN INSTITUTE OF MODERN ART 2320 W CHICAGO AVE CHICAGO,IL60622		PC	ART EDUCATION	20,000
UNIVERSIT PARIS NANTERRE 200 AVENUE DE LA RPUBLIQUE NANTERRE 92001 FR		NC	ART EDUCATION	51,250
UNIVERSITY OF ARIZONA MUSEUM OF ART 1111 N CHERRY AVE TUCSON,AZ857210111		PC	ART EDUCATION	40,000
UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BLVD STE 500 LOS ANGELES,CA90095		PC	ART EDUCATION	25,000
UNIVERSITY OF DELAWARE 220 HULLIHEN HALL NEWARK,DE19716		PC	ART EDUCATION	25,000
UNIVERSITY OF KENTUCKY ART MUSEUM 405 ROSE STREET LEXINGTON,KY405060001		PC	ART EDUCATION	75,000
UNIVERSITY OF NEVADA RENO FOUNDATION 1664 N VIRGINIA ST MSC 0162 RENO,NV89557		PC	ART EDUCATION	75,000
UNIVERSITY OF NEW MEXICO FOUNDATION 700 LOMAS BLVD NE TWO WOODWARD CENTER ALBUQUERQUE,NM87102		PC	ART EDUCATION	75,000
UNIVERSITY OF NOTRE DAME 1000 GRACE HALL NOTRE DAME,IN46556		PC	ART EDUCATION	75,000
UNIVERSITY OF OXFORD - ASHMOLEAN MUSEUM OF ART & ARCHAEOLOGY BEAUMONT STREET OXFORD OX1 2PH UK		PC	ART EDUCATION	25,000
UNIVERSITY OF OXFORD WELLINGTON SQUARE OXFORD OX1 2JD UK		PC	ART EDUCATION	164,336
UNIVERSITY OF PENNSYLVANIA 3451 WALNUT ST PHILADELPHIA,PA191046205		PC	ART EDUCATION	25,000
UNIVERSITY OF WYOMING ART MUSEUM 1000 E UNIVERSITY AVE DEPT 3807 LARAMIE,WY82071		PC	ART EDUCATION	43,000
VOICES IN CONTEMPORARY ART 50 BROADWAY 21ST FLOOR NEW YORK,NY10004		PC	ART EDUCATION	100,000
WASHINGTON PROJECT FOR THE ARTS 2124 8TH ST NW WASHINGTON,DC20001		PC	ART EDUCATION	15,000
WEISMAN ART MUSEUM OF THE UNIVERSITY OF MINNESOTA 333 E RIVER PARKWAY MINNEAPOLIS,MN55455		PC	ART EDUCATION	75,000
WESTMORELAND MUSEUM OF AMERICAN ART 221 N MAIN STREET GREENSBURG,PA15601		PC	ART EDUCATION	75,000
WHITECHAPEL GALLERY 77-82 WHITECHAPEL HIGH STREET LONDON E1 7QX UK		NC	ART EDUCATION	66,000
WHITNEY MUSEUM OF AMERICAN ART 99 GANSEVOORT STREET NEW YORK,NY10014		PC	ART EDUCATION	250,000
WILMOTT FRANCESCA FLAT 5146 WILLIAM GOODENOUGH HOUSE LONDON WC1N 2AN UK		INDIVIDUAL	ART EDUCATION	1,200
WINTERTHUR MUSEUM GARDEN AND LIBRARY 5105 KENNETT PIKE WINTERTHUR,DE19735		PC	ART EDUCATION	29,652
WINTERTHUR MUSEUM GARDEN AND LIBRARY 5105 KENNETT PIKE WINTERTHUR,DE19735		PC	ART EDUCATION	200,000
WOODMERE ART MUSEUM 9201 GERMANTOWN AVENUE PHILADELPHIA,PA19118		PC	ART EDUCATION	75,000
WOODMERE ART MUSEUM 9201 GERMANTOWN AVENUE PHILADELPHIA,PA19118		PC	ART EDUCATION	100,000
YALE UNIVERSITY ART GALLERY PO BOX 208271 NEW HAVEN,CT065208356		PC	ART EDUCATION	100,000
Total ................................. 3a				14,683,815

bApproved for future payment
ART GALLERY OF ONTARIO 317 DUNDAS STREET WEST TORONTO,ONM5T 1G4 CA		NC	ART EDUCATION	100,000
AWARE (ARCHIVES OF WOMEN ARTISTS RESEARCH & EXHIBITIONS) 21 AVENUE DU MAINE PARIS 75015 FR		NC	ART EDUCATION	95,000
BROOKLYN INSTITUTE OF ARTS AND SCIENCES - BROOKLYN MUSEUM 200 EASTERN PARKWAY BROOKLYN,NY11238		PC	ART EDUCATION	150,000
BURKE MUSEUM ASSOCIATION UNIVERSITY OF WASHINGTON SEATTLE,WA98195		PC	ART EDUCATION	10,000
CENTER FOR CURATORIAL LEADERSHIP 174 EAST 80TH STREET NEW YORK,NY10075		PC	ART EDUCATION	150,000
CHAZEN MUSEUM OF ART 800 UNIVERSITY AVENUE MADISON,WI53706		PC	ART EDUCATION	100,000
CHICAGO HUMANITIES FESTIVAL 500 N DEARBORN ST CHICAGO,IL606547659		PC	ART EDUCATION	100,000
DEPT OF HISTORY OF ART UNIVERSITY COLLEGE LONDON 20 GORDON SQUARE LONDON WC1H 0AW UK		NC	ART EDUCATION	25,000
FRANCES LEHMAN LOEB ART CENTER 124 RAYMOND AVENUE POUGHKEEPSIE,NY126040001		PC	ART EDUCATION	10,000
FUNDACAO DE APOIO A UNIVERSIDADE DE SAO PAULO - MUSEU DE ARTE CONTEMPORANEA AVENIDA PEDRO ALVARES CABRAL 1301 SAO PAULO 04094-050 BR		NC	ART EDUCATION	50,000
HOUSATONIC COMMUNITY COLLEGE FOUNDATION 900 LAFAYETTE BLVD BRIDGEPORT,CT06604		PC	ART EDUCATION	25,000
HYDE PARK ART CENTER 5020 SOUTH CORNELL AVE CHICAGO,IL60615		PC	ART EDUCATION	300,000
ILLINOIS HUMANITIES COUNCIL 125 S CLARK ST SUITE 650 CHICAGO,IL60613		PC	ART EDUCATION	50,000
INDEPENDENT CURATORS INTERNATIONAL 401 BROADWAY 1620 NEW YORK,NY10013		PC	ART EDUCATION	25,000
INDEPENDENT CURATORS INTERNATIONAL 401 BROADWAY 1620 NEW YORK,NY10013		PC	ART EDUCATION	15,000
INDIGO ARTS ALLIANCE 60 COVE STREET PORTLAND,ME04101		PC	ART EDUCATION	25,000
JOHN MICHAEL KOHLER ARTS CENTER 608 NEW YORK AVE SHEBOYGAN,WI53081		PC	ART EDUCATION	50,000
LIQUID BLACKNESS LIMITED 258 GARLAND AVE DECATUR,GA30030		PC	ART EDUCATION	25,000
MUSEE DU QUAI BRANLY - JACQUES CHIRAC 222 RUE DE LUNIVERSITE PARIS 75007 FR		NC	ART EDUCATION	75,000
MUSEE PICASSO PARIS 20 RUE DE LA PERLE PARIS 75003 FR		PC	ART EDUCATION	80,000
MUSEUM ASSOCIATES - LOS ANGELES COUNTY MUSEUM OF ART 5905 WILSHIRE BLVD LOS ANGELES,CA90036		PC	ART EDUCATION	75,000
MUSEUM OF FINE ARTS HOUSTON PO BOX 6826 HOUSTON,TX772656826		PC	ART EDUCATION	250,000
NANJING UNIVERSITY EDUCATION FOUNDATION US INC 2207 CONCORD PIKE 106 WILMINGTON,DE198032908		PC	ART EDUCATION	50,000
NATIONAL MUSEUM OF MEXICAN ART 1852 W 19TH ST CHICAGO,IL60608		PC	ART EDUCATION	342,500
RED LINE SERVICE INSTITUTE 2233 S THROOP STUDIO 656 CHICAGO,IL60608		PC	ART EDUCATION	50,000
RIVERSIDE COMMUNITY COLLEGE DISTRICT FOUNDATION PO BOX 1174 RIVERSIDE,CA92502		PC	ART EDUCATION	75,000
SAVVY CONTEMPORARY EV REINICKENDORFER STRABE 17 BERLIN 13347 GM		NC	ART EDUCATION	175,000
SMITHSONIAN INSTITUTE - SMITHSONIAN'S NATIONAL MUSEUM OF ASIAN ART 1050 INDEPENDENCE AVE SW MRC707 WASHINGTON,DC20013		PC	ART EDUCATION	50,500
THE METROPOLITAN MUSEUM OF ART 1000 FIFTH AVE NEW YORK,NY10028		PC	ART EDUCATION	75,000
TRUSTEES OF TUFTS COLLEGE 136 HARRISON AVENUE 75K950 BOSTON,MA02111		PC	ART EDUCATION	25,000
UNIVERSITY OF CHICAGO - DAVID AND ALFRED SMART MUSEUM OF ART 5555 S GREENWOOD AVE CHICAGO,IL60637		PC	ART EDUCATION	110,000
UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION - UNIVERSITY OF KENTUCKY'S SCHOO 109 KINKEAD HALL LEXINGTON,KY405060057		PC	ART EDUCATION	25,000
UNIVERSITY OF MIAMI PO BOX 248106 CORAL GABLES,FL331248106		PC	ART EDUCATION	25,000
UNIVERSITY OF MINNESOTA FOUNDATION - WEISMAN ART MUSEUM 333 E RIVER PARKWAY MINNEAPOLIS,MN55455		PC	ART EDUCATION	100,000
VICTORIA & ALBERT MUSEUM - V&A EAST CROMWELL ROAD LONDON SW7 2RL UK		NC	ART EDUCATION	75,000
VIRGINIA MUSEUM OF FINE ARTS FOUNDATION 200 N ARTHUR ASHE BOULEVARD RICHMOND,VA23220		PC	ART EDUCATION	25,000
Total ................................. 3b	2,988,000


Name of organization TERRA FOUNDATION FOR AMERICAN ART	Employer identification number 36-2999442
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	THE ESTATE OF CHIURA OBATA 131 ROMONA AVE OAKLAND, CA94611	$ 36,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)


Name of organization TERRA FOUNDATION FOR AMERICAN ART	Employer identification number 36-2999442
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	THREE WATERCOLORS BY CHIURA OBATA	$ 36,000	2023-03-01
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PLANTE MORAN	62,259	12,452	0	49,807

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
BUILDING & IMPROVEMENTS	2013-06-30	10,199,091	4,189,853	SL	30.000000000000	323,739	323,739
FURNITURE & EQUIPMENT	2013-06-30	2,102,446	1,260,292	SL	15.000000000000	119,502	119,502
COMPUTER EQUIPMENT & SOFTWARE	2013-06-30	646,663	473,643	SL	3.000000000000	47,683	47,683

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TY 2022 ExpenditureResponsibilityStmt

Name:

TERRA FOUNDATION FOR AMERICAN ART

EIN:

36-2999442

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee
BARBICAN CENTRE TRUST	SILK STREET LONDON EC2Y 8DS UK	2021-04-30	350,000	ISAMU NOGUCHI (WORKING TITLE)TWO GRANT DATES: 4/30/21 $318,000, 8/24/22 $32,000	350,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	7/15/2022, 5/15/2023, 5/12/2022, 11/15/2023
CHISENHALE GALLERY	64 CHISENHALE ROAD LONDON E3 5QZ UK	2022-06-29	27,000	CIRCE (WORKING TITLE)	27,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/30/2023
CHISENHALE GALLERY	64 CHISENHALE ROAD LONDON E3 5QZ UK	2023-02-03	34,200	CURATORIAL FELLOWSHIP	34,200	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	6/30/2023, 4/30/2024
CONTEMPORARY AND (C&)	AM LOKDEPOT 6 BERLIN 10965 GM	2023-02-03	86,000	C& CRITICAL WRITING WORKSHOPS AND MENTORING PROGRAM	86,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	2/9/2024
COPENHAGEN CONTEMPORARY	REFSHALEVEJ 173A COPENHAGEN 1432 DA	2022-01-28	225,000	LIGHT & SPACE	225,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/15/2023
COURTAULD INSTITUTE OF ART	VERNON SQUARE PENTON RISE LONDON WC1X 9EW UK	2019-10-24	469,567	CENTRE FOR AMERICAN ART (SECOND CYCLE)FIVE GRANT DATES: 10/24/19 $91,700, 02/26/21 $91,700, 04/21/22 $91,600, 02/03/23 $94,900, 12/04/23 $99,667	389,896	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	9/30/2020, 3/7/2022, 10/6/2022, 10/16/2023
DOSHISHA UNIVERSITY KYOTO KOBE UNIVERSITY KOBE	GRADUATE SCHOOL OF AMERICAN STUDIES KYOTO 602-8580 JA	2018-04-26	281,900	VISITING PROFESSORSHIP IN AMERICAN ARTTHREE GRANT DATES: 04/26/2018 $20,000, 11/21/19 $130,950, 09/22/21 $130,950GRANTEE HAS BEEN CONTACTED MULTIPLE TIMES BY STAFF FOR A FINAL ACCOUNTING OF GRANT EXPENSES. NO FURTHER GRANT FUNDS WILL BE DISTRIBUTED.	136,272	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	9/10/2019, 11/20/2020, 5/31/2021
FUNDACAO DE APOIO A UNIVERSIDADE FEDERAL DE SAO PAULO	RUA DR DIOGO DE FARIA 1087-8 ANDAR CJ 801-804 SAO PAULO 04037003 BR	2021-12-22	25,000	35TH CIHA WORLD CONGRESS MOTION: MIGRATIONS $11,617 REFUND FROM GRANTEE WAS RECEIVED 8/24/23.	13,383	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	11/17/2021, 3/27/2022
GOETHE-UNIVERSITAT (INSTITUT FUR ETHNOLOGIEDEPT OF SOCIAL AND CULTURAL ANT	THEODOR-WADORNO-PLATZ 1 FRANKFURT AM MAIN 60323 GM	2022-09-29	26,000	SYMPOSIUM,, TITHU BETWEEN WOR(L)DS. CULTURAL ITEMS AS ART OR ARTIFACT"REMAINING AMOUNT WAS REFUNDED TO GRANTOR ON 9/12/2023	17,331	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/22/2023
GWZO EV	REICHSSTR 4-6 LEIPZIG DE 04109 GM	2022-01-28	110,000	LINKING ART WORLDS: AMERICAN ART AND EASTERN EUROPE IN THE COLD WAR AND SINCETWO GRANT DATES: 01/28/22 $69,000, 03/30/23 $41,000	82,923	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	2/15/2023, 2/16/2024
HAMBURGER KUNSTHALLE	GLOCKENGIESSERWALL 5 HAMBURG 20095 GM	2022-08-24	150,000	VIJA CELMINS. GERHARD RICHTER - DOUBLE VISION	150,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	2/15/2023, 12/15/2023
KINGSTON UNIVERSITY	RIVER HOUSE 53-57 HIGH STREET KINGSTON UPON THAMES SURREY LONDON KT1 1LQ UK	2022-09-29	16,500	MOVING MUYBRIDGE: A TRANSATLANTIC DIALOGUE	16,500	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	6/5/2023
KUNSTINSTITUUT MELLY	WITTE DE WITHSTRAAT 50 ROTTERDAM 3012 BR NL	2022-10-31	78,180	"TOOLS FOR DE-MODERNIZING" COLLECTIVE LEARNING WITH ART AND CONVIVIALITY WEAVES A STRONGER SOCIAL FABRIC	78,180	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	1/4/2024
KUNSTMUSEUM BASEL	ST ALBAN-GRABEN 8 POSTFACH BASEL CH-4010 SZ	2023-05-30	150,000	CHARMION VON WIEGAND: COLORING MODERNISM	150,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	12/15/2023
KUNST-WERKE BERLIN EVKW INSTITUTE FOR CONTEMPORARY ART	AUGUSTSTRABE 69 BERLIN 10117 GM	2022-07-29	175,000	MARTIN WONG: MALICIOUS MISCHIEF'	126,197	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	2/14/2023
MUSEU DE ARTE CONTEMPORANEA DA UNIVERSIDADE DE SAO PAULO	AVENIDA PEDRO ALVARES CABRAL 1301 SAO PAULO CAXIA POSTAL 42333 BR	2022-01-17	133,270	ART ACROSS THE AMERICAS: PROFESSORSHIP AND INTERDISCIPLINARY WORKSHOPS + CONFERENCEFOUR GRANT DATES: 01/17/22 $45,610, 06/02/23 $43,830, 09/01/23 $5,000, 12/04/23 $38,830	82,023	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	10/7/2021, 2/14/2023, 4/15/2023, 2/16/2024
MAREMUZEUL DE ARTA RECENTA	PRIMAVERII 15 BUCHAREST 011971 RO	2021-01-28	34,000	VOICED ON: CONCEPTUAL AMERICAN ART IN PUBLIC PROGRAMMING AT MARE/MUSEUM OF RECENT ART BUCHARESTTHREE GRANT DATES: 01/28/21 $15,000, 09/29/22 $12,000, 05/31/23 $7,000.	24,460	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	1/31/2022, 3/2/2023
MUSEE DES BEAUX-ARTS DE MONTREAL	2189 BISHOP STREET MONTREAL H3G 2E8 CA	2023-02-03	125,000	"DESIGNED BY WOMEN" (WORKING TITLE)	125,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/30/2023, 5/1/2024
MUSEO DE ARTE CONTEMPORANEO DE PANAMA	AVENIDA DE LOS MARTIRES SAN BLAS STREET ANCON PANAMA CITY 0000 PM	2023-05-31	25,000	CHOTIN': CURATORIAL METHODS FROM THE TROPICS AND SURROUNDINGS	25,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	4/30/2024
MCCORD STEWART MUSEUM	690 SHERBROOKE STREET WEST MONTREAL H3A 1E9 CA	2023-03-29	96,963	WAMPUM/OTGOA	0	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	REPORT DUE 5/15/2024
FONDATION UNIVERSITE NANTERRE	200 AVENUE DE LA REPUBLIQUE BAT A - BUREAU 107 NANTERRE 92001 FR	2017-12-21	307,000	JOINT RESEARCH AND TEACHING FELLOWSHIP LINKING UNIVERSITE PARIS DIDEROT AND UNIVERSITE PARIS NANTERRESEVEN GRANT DATES: 12/21/17 $4,500, 06/29/18 $50,000, 06/27/19 $50,000, 06/30/20 $50,000, 05/28/21 $50,000, 06/09/22 $51,250, 06/02/23 $51,250	201,665	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/15/2018, 5/3/2019, 6/8/2020, 3/30/2021. 4/4/2022, 4/18/2023
THE NATIONAL GALLERY	TRAFALGAR SQUARE LONDON WC2N 5DN UK	2022-07-02	175,000	WINSLOW HOMER: CROSSCURRENTS (CO-ORGANIZED WITH THE METROPOLITAN MUSEUM OF ART)	175,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	6/9/2023
NATIONAL GALLERY SINGAPORE	1 ST ANDERWS ROAD 01-01 SINGAPORE 178957 SN	2021-06-24	75,000	NAM JUNE PAIK: THE FUTURE IS NOW	75,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/15/2023
RIJKSMUSEUM AMSTERDAM	HOBBEMASTRAAT 20 AMSTERDAM 1071 ZC NL	2020-01-31	165,000	TERRA FOUNDATION POSTDOCTORAL RESEARCH FELLOWSHIPS IN AMERICAN PHOTOGRAPHY AT THE RIJKSMUSEUMFOUR GRANT DATES: 01/31/23 $28,000, 02/03/21 $56,000, 12/02/21 $68,500, 04/21/22 $12,500REFUND OF $12,716 RECEIVED BY GRANTEE ON 12/23/22.	152,284	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.
SERPENTINE GALLERIES	KENSINGTON GARDENS LONDON,ENGLANDAB W2 3XA UK	2022-09-29	75,000	SERPENTINE PAVILION 2022: BLACK CHAPEL BY THEASTER GATES	75,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	8/2/2023
SHARJAH ART FOUNDATION	AL SHUWAIHEEN ARTS AREA SHARJAH 00000 AE	2023-03-09	25,000	MARCH MEETING 2023	25,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	8/10/2023
UNIVERSITY OF ST ANDREWS WARDLAW MUSEUM	87 NORTH STREET ST ANDREWS,SCOTLANDKY16 9AE UK	2021-12-02	5,086	DOROTHEA TANNING: UNHEARD-OF NEWS$241 REFUND FROM GRANTEE RECEIVED 01/31/24.	4,895	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	10/20/2022,4/12/2024
TATE	MILLBANK LONDON SW1P 4RG UK	2020-05-29	200,000	BRUCE NAUMAN	200,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	4/30/2021,4/29/2022,5/12/2023
TATE	MILLBANK LONDON SW1P 4RG UK	2019-08-29	200,000	TERRA FOUNDATION FOR AMERICAN ART SERIES: NEW PERSPECTIVESTWO GRANT DATES: 08/29/19 $140,000, 08/26/21 $60,000.	119,003	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/15/2020,5/13/2021,5/13/2022,5/15/2023
TATE	MILLBANK LONDON SW1P 4RG UK	2020-04-30	100,000	PHILIP GUSTON NOW	22,279	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/28/2021,5/31/2022,5/31/2023
MUSEO NACIONAL THYSSEN-BORNEMISZA	PASEO DEL PRADO 8 MADRID 28014 SP	2020-10-29	192,098	TERRA FOUNDATION RESEARCH FELLOWSHIP IN AMERICAN PAINTINGFOUR GRANT DATES: 10/29/20 $66,891, 05/28/21 $10,000, 12/22/21 $98,407, 04/21/22 $16,800.	192,098	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	10/15/2020,3/31/2022,5/17/2021,1/29/2021,6/19/2023
UNIVERSITY OF EDINBURGH	OLD COLLEGE SOUTH BRIDGE EDINBURGH EH8 9YL UK	2019-04-01	184,650	ANTHOLOGY: EUROPEAN WRITING ON THE ART OF THE UNITED STATES 1945-1990FOUR GRANT DATES: 04/01/19 $44,000, 06/01/18 $12,000, 11/03/17 $60,100, 03/23/17 $68,550.	171,466	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	9/28/2017,12/21/2017,10/9/2018,7/13/2020,7/21/2021
UNIVERSITY OF EDINBURGH - EDINBURGH COLLEGE OF ART	74 LAURISTON PLACE EDINBURGH EH3 9DF UK	2022-04-04	45,000	HOT ART, COLD WAR: THREE EASTERN EUROPEAN WORKSHOPSREPORTS FROM THIS ORGANIZATION ARE DELINQUENT AND TFAA IS IN THE PROCESS OF ATTEMPTING TO COLLECT THEM. NO FURTHER GRANT FUNDS WILL BE DISTRIBUTED UNTIL THEY HAVE BEEN RECEIVED.	0	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	REPORTS FROM THIS ORGANIZATION ARE DELINQUENT
WHITECHAPEL GALLERY	77-82 WHITECHAPEL HIGH STREET LONDON E1 7QX UK	2023-05-30	66,000	ACTION GESTURE PAINT - A GLOBAL SOTRY OF THE WOMEN OF ABSTRATION	66,000	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	5/10/2023, 7/27/2023
ZURBARAN CENTRE FOR SPANISH AND LATIN AMERICAN ART	FACULTY OFFICE ELVET RIVERSIDE BLOCK 2 NEW ELVET DURHAM DH1 3JT UK	2021-09-22	45,500	HOT ART, COLD WAR: TWO SOUTHERN EUROPEAN WORKSHOPS	36,110	TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION.	05/29/2023.

(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	CAPITAL GAINS
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	113,566,909	124,407,803	-10,840,894
b
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			-10,840,894
b
c
d
e

	(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7				18,499,768
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......			19,293,805
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......
e From 2021......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2022 from Part
XI, line 4: $ 23,612,459
a Applied to 2021, but not more than line 2a			19,293,805
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2022 distributable amount.....				4,318,654
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2022.	0			0
(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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
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......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........				14,181,114
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) .......	0
8 Excess distributions carryover from 2017 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
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) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	263,179	1,179,214	1,179,214
	2	Savings and temporary cash investments.........
	3	Accounts receivable 136,183
		Less: allowance for doubtful accounts	46,016	136,183	136,183
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	129,932	4,255,888	4,255,888
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	110,372,426	List of Attached Documents: // Content 130,633,786	130,633,786
	c	Investments—corporate bonds (attach schedule).......	14,180,301	List of Attached Documents: // Content 21,768,750	21,768,750
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	242,818,113	List of Attached Documents: // Content 233,038,994	233,038,994
	14	Land, buildings, and equipment: basis 12,948,200
		Less: accumulated depreciation (attach schedule) 6,414,712	6,802,825	List of Attached Documents: // Content 6,533,488	6,533,488
	15	Other assets (describe )	List of Attached Documents: // Content 184,440,152	List of Attached Documents: // Content 186,300,455	List of Attached Documents: // Content 186,300,455
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	559,052,944	583,846,758	583,846,758
	17	Accounts payable and accrued expenses..........	442,794	492,608
	18	Grants payable.................	12,597,720	7,820,930
	19	Deferred revenue.................	2,330,476	2,300,000
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 90,330	List of Attached Documents: // Content 8,734,215
	23	Total liabilities (add lines 17 through 22).........	15,461,320	19,347,753
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	350,323,668	358,803,114
	25	Net assets with donor restrictions............	193,267,956	205,695,891
		Foundations that do not follow FASB ASC 958, check here
		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).....	543,591,624	564,499,005
	30	Total liabilities and net assets/fund balances (see instructions).	559,052,944	583,846,758


(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
TURRY FLUCKER	VP OF COLLECTIONS & 35.00	216,708	0	0
120 EAST ERIE ST CHICAGO,IL60611	VP OF COLLECTIONS & 35.00	216,708	0	0
CARRIE HASLETT	PROGRAM DIRECTOR 35.00	170,126	16,887	0
120 EAST ERIE ST CHICAGO,IL60611	PROGRAM DIRECTOR 35.00	170,126	16,887	0
JENNIFER SIEGENTHALER	PROGRAM DIRECTOR 35.00	163,195	16,120	0
120 EAST ERIE ST CHICAGO,IL60611	PROGRAM DIRECTOR 35.00	163,195	16,120	0
AMY GUNDERSON	DIRECTOR, GRANTS ADM 35.00	106,897	10,605	0
120 EAST ERIE ST CHICAGO,IL60611	DIRECTOR, GRANTS ADM 35.00	106,897	10,605	0
FRANCESCA ROSE	DEPUTY DIRECTOR, PAR 35.00	107,878	0	0
121 RUE DE LILLE PARIS 75007 FR	DEPUTY DIRECTOR, PAR 35.00	107,878	0	0
Total number of other employees paid over $50,000...................				15

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
NORTHERN TRUST	INVESTMENT MANAGEMENT	182,027
50 S LASALLE STREET CHICAGO,IL60603	INVESTMENT MANAGEMENT	182,027
STREAMLIFE CONSULTING LLC	CONSULTING	102,000
4036 N SACRAMENTO AVE CHICAGO,IL60618	CONSULTING	102,000
TERRY DOWD INC	ART CRATING/SHIPPING	90,122
2233 S THROOP STREET CHICAGO,IL60608	ART CRATING/SHIPPING	90,122
THE NEBO COMPANY	HR CONSULTING	66,764
1050 30TH STREET NW WASHINGTON,DC20007	HR CONSULTING	66,764
PLANTE & MORAN	AUDIT/TAX	62,259
10 S RIVERSIDE PLAZA CHICAGO,IL60606	AUDIT/TAX	62,259

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	(e) Related or exempt function income (See instructions.)
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 ...........			14	883
4 Dividends and interest from securities ....			14	4,250,339
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 .....			01	137,515
8 Gain or (loss) from sales of assets other than inventory ............			18	-3,985,017
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aROYALTIES					9,337
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		403,720	9,337

Line No.	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.)
11A	ROYALTIES ARE DERIVED FROM THE SALE OF ART REPRODUCTIONS & PUBLICATIONS SOLD AT NONPROFIT MUSEUMS AND INSTITUTIONS FOR EDUCATIONAL PURPOSES.

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


Name of organization TERRA FOUNDATION FOR AMERICAN ART			Employer identification number 36-2999442
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
SPDR BLOOMBERG INTERNATIONAL TREASURY BOND ETF	5,802,295	5,802,295
ISHARES 1-3 YEAR TREASURY BOND ETF	7,333,767	7,333,767
ISHARES SHORT TREASURY BOND ETF	1,300,659	1,300,659
PGIM GLOBAL TOTAL RETURN	4,836,106	4,836,106
ISHARES TIPS BOND ETF	2,495,923	2,495,923

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CASH	11,217,682	11,217,682
CLARKSTON CAPITAL PARTNERS	4,514,168	4,514,168
FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND	5,644,701	5,644,701
ARTISAN INTERNATIONAL VALUE FUND	20,548,978	20,548,978
LSV VALUE EQUITY	20,385,563	20,385,563
SANDERS	39,544,300	39,544,300
VULCAN VALUE	9,571,003	9,571,003
GMO RESOURCES FUND	7,763,724	7,763,724
SPDR GOLD SHARES ETF	3,184,794	3,184,794
JPMORGAN BETABUILDERS JAPAN ETF	8,258,873	8,258,873

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PORTFOLIO ADVISORS	FMV	1,131,495	1,131,495
WIND POINT VIII	FMV	5,646,926	5,646,926
PIMCO	FMV	17,357,651	17,357,651
BRANDYWINE GLOBAL OPPORTUNISTIC FIXED INCOME	FMV	5,676,601	5,676,601
COLCHESTER GLOBAL BOND FUND	FMV	4,966,608	4,966,608
CANTILLON GLOBAL EQUITY LP	FMV	36,674,830	36,674,830
ECHO STREET GOODCO SELECT II LP	FMV	14,578,753	14,578,753
REDWHEEL EMERGING MARKETS EQUITY FUND LTD	FMV	7,955,118	7,955,118
SHERIDAN SQUARE OFFSHORE FUND LTD	FMV	18,205,974	18,205,974
TENSILE CAPITAL PARTNERS LP	FMV	18,519,586	18,519,586
THE WINDACRE DOMESTIC PARTNERSHIP LP	FMV	22,222,994	22,222,994
ARROWMARK INCOME OPPORTUNITY FUND QP LP	FMV	5,377,948	5,377,948
BEACH POINT DYNAMIC INCOME OFFSHORE FUND LTD	FMV	845,986	845,986
AGILITY COMPREHENSIVE SOLUTIONS FUND LP	FMV	35,300,471	35,300,471
EMINI S&P 500 FUTURES	FMV	179,122	179,122
STATE STREET	FMV	12,360	12,360
ENERGY MEZZANINE	FMV	695,862	695,862
BREP ASIA	FMV	1,627,699	1,627,699
BREP EUROPE	FMV	804,793	804,793
BREP VIII	FMV	7,584,990	7,584,990
MS PRIME	FMV	11,993,787	11,993,787
MIDOCEAN PARTNERS	FMV	8,806,135	8,806,135
JPMORGAN GLOBAL PRIVATE EQUITY IX	FMV	6,873,305	6,873,305

Software ID:
Software Version:

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
BUILDING & IMPROVEMENTS	10,199,091	4,513,592	5,685,499	5,685,499
FURNITURE & EQUIPMENT	2,102,446	1,379,794	722,652	722,652
COMPUTER EQUIPMENT & SOFTWARE	646,663	521,326	125,337	125,337

Category	Amount	Disbursements for Charitable Purposes
QUARLES & BRADY	525	2,829
PATTERSON BELKNAP WEBB & TYLER LLP	6,944	31,744
C3 LEGAL	636	636
FUNKHOUSER VERGOSEN LIEBMAN	3,700	2,950
POLSINELLI PC	910	910

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ART COLLECTION	184,335,129	186,049,629	186,049,629
EXCISE TAX REFUND RECEIVABLE	105,023	250,826	250,826

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXHIBITS, PUBLICATIONS AND PROGRAMS	332,987	0	328,215
REPAIRS AND MAINTENANCE	321,025	0	317,596
OTHER EXP FROM PASSTHROUGH K-1S	0	2,062,974	0
INSURANCE	216,435	0	245,203
MISC	171,108	0	170,387

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ORD INCOME - PASSTHROUGH K-1S		499,325
RENTAL INCOME - PASSTHROUGH K-1S		-25,984
OTHER INCOME - PASSTHROUGH K-1S		49,516
GRANT REFUNDS	137,445	0
MISCELLANEOUS	70	0
ROYALTIES	9,337		9,337

Description	Amount
FOREIGN CURRENCY ADJUSTMENT	20,679
UNREALIZED GAIN/LOSS	39,978,879

Description	Beginning of Year - Book Value	End of Year - Book Value
DUE TO BROKERS	90,330	4,532,716
DEFERRED EXCISE TAXES	0	59,655
LEASE LIABILITY - OPERATING LEASES	0	4,118,106
LEASE LIABILITY - CAPITAL LEASES	0	23,738

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
STREAMLIFE CONSULTING	118,250	0	102,000
THE NEBO COMPANY	59,225	0	59,225
QUATRRO BUSINESS SUPPORT SERVICES	44,450	0	44,450
ANNA SIMONOVIC	24,575	0	24,575
GALLERY SYSTEMS	13,476	0	16,397
STITCHTING - KI CULTURE	12,164	0	12,164
FIREBELLY DESIGN CORP	12,000	0	12,000
TERRI A JOHNSON	46,000	0	52,450
SPELLERBERG ASSOCIATES	32,336	0	37,190
INVESTMENT FEES	1,659,665	1,659,665	0
PAYSAGES ADELINE	38,119	0	42,420
PASCALINE SALA	11,318	0	11,318
OTHER PROFESSIONAL FEES	141,851	0	149,879