Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$412,455,197J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 899,077 899,077 899,077
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,197,106
b Gross sales price for all assets on line 6a 18,209,764
7 Capital gain net income (from Part IV, line 2)... 3,197,106
8 Net short-term capital gain......... 27,498
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
List of Attached Documents:
// Content
53,155 53,155 53,155
12 Total. Add lines 1 through 11........ 4,149,338 4,149,338 979,730
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 436,780 0 0 436,780
14 Other employee salaries and wages...... 888,687 0 0 888,687
15 Pension plans, employee benefits....... 268,751 0 0 268,751
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
27,272 0 0 27,272
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
190,217 47,554 47,554 142,663
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
340,523 78,796 78,796 261,727
17 Interest............... 388 0 0 388
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
70,958 0 0 40,958
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
31,445 0 0
20 Occupancy.............. 363,432 0 0 363,432
21 Travel, conferences, and meetings....... 46,764 0 0 46,764
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,538,139 11,838 0 4,532,408
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,203,356 138,188 126,350 7,009,830
25 Contributions, gifts, grants paid....... 501,930 501,930
26 Total expenses and disbursements. Add lines 24 and 25 7,705,286 138,188 126,350 7,511,760
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,555,948
b Net investment income (if negative, enter -0-) 4,011,150
c Adjusted net income (if negative, enter -0-)... 853,380
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 571,165 377,932 377,932
2 Savings and temporary cash investments......... 52,782 296,481 296,481
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 10,353,376 Click to see attachment
List of Attached Documents:
// Content
8,446,381 		7,950,014
b Investments—corporate stock (attach schedule)....... 15,996,130 Click to see attachment
List of Attached Documents:
// Content
14,436,637 		26,664,938
c Investments—corporate bonds (attach schedule)....... 2,880,041 Click to see attachment
List of Attached Documents:
// Content
2,823,317 		2,751,667
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow711,760
Less: accumulated depreciation (attach schedule) right arrow382,537 360,668 Click to see attachment
List of Attached Documents:
// Content
329,223 		329,223
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
47,228,444 		Click to see attachment
List of Attached Documents:
// Content
47,176,687 		Click to see attachment
List of Attached Documents:
// Content
374,084,942
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 77,442,606 73,886,658 412,455,197
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 77,442,606 73,886,658
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 77,442,606 73,886,658
30 Total liabilities and net assets/fund balances (see instructions). 77,442,606 73,886,658
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
77,442,606
2
Enter amount from Part I, line 27a .....................
2
-3,555,948
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
73,886,658
5
Decreases not included in line 2 (itemize) right arrow
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
73,886,658
Form 990-PF (2024)
Form 990-PF (2024)
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 - ST P    
b PUBLICLY TRADED SECURITIES - LT 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 10,312,218   10,284,720 27,498
b 7,897,546   4,727,938 3,169,608
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       27,498
b       3,169,608
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 3,197,106
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 27,498
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 right arrow 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) 1 55,755
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 55,755
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 55,755
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 37,510
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 33,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 70,510
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 459
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 14,296
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow14,296 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowDE, 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 2024 or the taxable year beginning in 2024? 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
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 addressright arrowWWW.DEKOONING.ORG
14
The books are in care ofright arrowTHE WILLEM DE KOONING FOUNDATION Telephone no.right arrow (212) 794-3401

Located atright arrow790 MADISON AVENUE 301NEW YORKNY ZIP+4right arrow10065
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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 PRESIDENT/DIRECTOR
2.00 		0 0 0
145 EAST 57TH STREET
NEW YORK,NY10022
DONN ZARETSKY SECRETARY, TREAS, DIRECTOR
1.00 		0 0 0
145 EAST 57TH STREET
NEW YORK,NY10022
AMY SCHICHTEL EXECUTIVE DIRECTOR
37.00 		436,780 29,063 0
790 MADISON AVENUE
NEW YORK,NY10065
RICHARD SHIFF VICE PRESIDENT
1.00 		0 0 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
STEPHEN J MACK CATALOGUE RAISONNE D
36.00 		160,466 24,904 0
790 MADISON AVENUE-STE 301
NEW YORK,NY10065
D ROGER ANTHONY SENIOR RESEARCHER
21.00 		158,147 24,565 0
790 MADISON AVENUE-STE 301
NEW YORK,NY10065
MATTHEW D PYCH BUSINESS AND HR ADMI
33.00 		131,029 23,204 0
790 MADISON AVENUE-STE 301
NEW YORK,NY10065
RICHARD GOLDSTEIN ARCHIVE ASSISTANT
30.00 		95,559 22,355 0
790 MADISON AVENUE-STE 301
NEW YORK,NY10065
ELAYNE RUSH REGISTRAR
18.00 		94,311 17,537 0
790 MADISON AVENUE-STE 301
NEW YORK,NY10065
Total number of other employees paid over $50,000...................right arrow 3
Form 990-PF (2024)
Form 990-PF (2024)
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 ART CONSULTANT 125,000
175 EAST 62ND STREET
NEW YORK,NY10065
VITAL IMPACT INTERMEDIATE HOLDINGS ACCOUNTING SERVICES 103,313
275 7TH AVE 15TH FLOOR
NEW YORK,NY10001
GARY GARRELS CONSULTING 101,667
370 MUNN LANE BX 114
ORIENT,NY11957
NETSURIT INC IT SERVICES 94,649
224 W 30TH STREET 1008
NEW YORK,NY10001
FIERA CAPITAL ADVISORS INVESTMENT ADVISORY 78,796
375 PARK AVENUE
NEW YORK,NY10152
Total number of others receiving over $50,000 for professional services.............right arrow0
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 THE FOUNDATION'S MISSION IS TO FOSTER THE STUDY AND APPRECIATION OF WILLEM DE KOONING'S LIFE AND WORK THROUGH RESEARCH, EXHIBITIONS AND EDUCATIONAL PROGRAMS. THROUGH OUR INITIATIVES, WE STRIVE TO ENCOURAGE NEW DISCUSSION AND A DEEPER UNDERSTANDING OF DE KOONING, HIS CONTEMPORARIES, AND THEIR HISTORICAL MOMENT AMONG SCHOLARS AND THE GENERAL PUBLIC. AS A PART OF THIS MISSION, THE FOUNDATION LOOKS TO DE KOONING'S OWN PRACTICES FOR LESSONS AND OPPORTUNITIES THAT CAN ADVANCE ARTS EDUCATION FOR STUDENTS OF ALL AGES. SEE STATEMENT 13 FOR DETAILS REGARDING THE SPECIFIC ACTIVITIES CONDUCTED DURING THE TAX YEAR. 7,009,830
2  
3  
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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
38,432,697
b
Average of monthly cash balances.......................
1b
921,490
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
39,354,187
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
39,354,187
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
590,313
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,763,874
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,938,194
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 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (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
7,511,760
b
Program-related investments—total from Part VIII-B..................
1b
0
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
7,511,760
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, 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 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
853,380 843,722 871,637 677,208 3,245,947
b 85% (0.85) of line 2a ......... 725,373 717,164 740,891 575,627 2,759,055
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		7,511,760 7,341,207 4,605,592 4,374,653 23,833,212
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		501,930 249,249 392,730 935,235 2,079,144
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		7,009,830 7,091,958 4,212,862 3,439,418 21,754,068
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 413,697,318 416,409,664 417,930,825 91,261,193 1,339,299,000
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		 374,343,131 374,212,469 374,200,165 374,454,690 1,497,210,455
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 (ART COUNCIL INC)

PO BOX 20187
BROOKLYN,NY11202 		N/A PC SUPPORT THE ARTADIA AWARD, GIVEN TO TWO NEW YORK CITY-BASED VISUAL ARTISTS 40,000

J PAUL GETTY TRUST

1200 GETTY CENTER DRIVE 401
LOS ANGELES,CA90049 		N/A EOF PROVIDING EMERGENCY RELIEF FOR ARTISTS AND ARTS WORKERS IMPACTED BY LOS ANGELES FIRES. 75,000

NEW YORK FOUNDATION FOR THE ARTS INC

29 W 38TH ST 9TH FLOOR
NEW YORK,NY10018 		N/A PC FINANCIAL GRANT TO THE EMERGING LEADERS PROGRAM 75,000

PUBLICOLOR INC

20 W 36TH ST STE 9
NEW YORK,NY10018 		N/A PC PUBLICOLOR'S PROGRAMMING COSTS 25,000

STUDIO IN A SCHOOL ASSOCIATION

75 WEST END AVENUE
NEW YORK,NY10023 		N/A PC SUPPORT OF PROGRAMMING EXPENSES. 25,000

SWISS INSTITUTE

117 SECOND AVENUE 2ND FLOOR
NEW YORK,NY10003 		N/A PC TO PROVIDE CANNY (COLLABORATIVE ARTS NETWORK NEW YORK) WITH SUPPORT TO BE DISTRIBUTED AMONGST 15 ARTS ORGANIZATIONS 100,000

THE ARTS CENTER AT DUCK CREEK INC

127 SQUAW ROAD PO BOX 590
EAST HAMPTON,NY11937 		N/A PC SUPPORT FOR VISUAL ARTS PROGRAMMING, EDUCATION, & MARKETING 51,930

THE ASPEN INSTITUTE

2300 N STREET NW SUITE 700
WASHINGTON,DC20037 		N/A PC IN SUPPORT OF THE 2025 ANNUAL APPEAL FOR THE AEF CONSORTIUM ADVANCING NEXT-GEN LEADERS IN THE VISUAL ARTS 10,000

THE BROOKLYN RAIL

253 36TH STREET - SUITE 304
BROOKLYN,NY11232 		N/A PC SUPPORT FOR THE ART SEEN SECTION OF JOURNAL PUBLICATIONS THAT COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. 100,000
Total .................................right arrow 3a 501,930
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 899,077  
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 3,197,106  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTIES 		        53,155
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,096,183 53,155
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,149,338
(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 (2024)
Form 990-PF (2024)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 47,554 47,554 47,554 0
RETURN PREPARATION AND TAX COMPLIANCE 142,663 0 0 142,663

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

TY 2024 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 7,865 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 34,357 SL 39.000000000000 4,102 0 4,102  
FURNITURE 2016-02-24 48,681 48,681 200DB 7.000000000000 0 0 0  
IMPROVEMENTS 2016-08-05 12,295 2,481 SL 39.000000000000 315 0 315  
IMPROVEMENTS 2017-10-19 108,479 18,546 SL 39.000000000000 2,782 0 2,782  
FURNITURE 2017-12-15 14,253 13,779 200DB 7.000000000000 474 0 474  
COMPUTER EQUIPMENT 2018-05-04 44,380 44,380 200DB 5.000000000000 0 0 0  
FURNITURE 2018-09-21 10,519 9,484 200DB 7.000000000000 920 0 1,035  
COMPUTER EQUIPMENT 2020-04-10 11,383 10,293 200DB 5.000000000000 1,090 0 1,090  
IMPROVEMENTS 2020-05-04 70,554 7,538 SL 39.000000000000 1,809 0 1,809  
COMPUTER EQUIPMENT 2021-04-10 19,604 15,582 200DB 5.000000000000 2,145 0 3,921  
IMPROVEMENTS 2021-05-04 3,247 263 SL 39.000000000000 83 0 83  
FURNITURE 2022-02-04 5,437 3,059 200DB 7.000000000000 679 0 777  
COMPUTER EQUIPMENT 2022-03-24 9,800 6,978 200DB 5.000000000000 1,129 0 1,960  
COMPUTER EQUIPMENT 2023-04-14 6,168 2,652 200DB 5.000000000000 1,406 0 1,234  
CHAIRS AND PHONE 2023-05-18 406 127 200DB 7.000000000000 80 0 58  
FURNITURE 2023-03-15 1,384 501 200DB 7.000000000000 252 0 198  
FURNITURE 2023-09-22 373 93 200DB 7.000000000000 80 0 53  
ELECTRONICS/SOFTWARE 2024-03-03 616 92 200DB 5.000000000000 210 0 123  
ELECTRONICS/SOFTWARE 2024-04-03 472 24 200DB 5.000000000000 179 0 94  
ELECTRONICS/SOFTWARE 2024-05-03 504 25 200DB 5.000000000000 192 0 101  
ELECTRONICS/SOFTWARE 2024-06-03 1,600 80 200DB 5.000000000000 608 0 320  
ELECTRONICS/SOFTWARE 2024-06-03 500 25 200DB 5.000000000000 190 0 100  
ELECTRONICS/SOFTWARE 2024-06-17 31,686 1,584 200DB 5.000000000000 12,041 0 6,337  

TY 2024 GeneralExplanationAttachment
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Identifier Return Reference Explanation
  DETAILS OF DIRECT CHARITABLE ACTIVITIES CONDUCTED DURING THE YEAR THE CHARITABLE ACTIVITIES LISTED BELOW WERE UNDERTAKEN WHILE CARRYING OUT THE STATED MISSION OF THE WILLEM DE KOONING FOUNDATION.FOR FISCAL YEAR 7/1/2024 - 6/30/2025:A WIDE RANGE OF RESEARCHERS, INCLUDING UNIVERSITY STUDENTS, SCHOLARS, CURATORS AND CONSERVATORS CONSULTED THE FOUNDATION'S ARCHIVES, STUDY MATERIALS AND ART COLLECTION TOWARD MONOGRAPHS, EXHIBITIONS, AND EDUCATIONAL MATERIALS. FOUNDATION STAFF SPECIALISTS ACTIVELY PROVIDED RESEARCH FINDINGS AND GUIDANCE TO ORGANIZATIONS AND AUTHORS TOWARD PUBLICATIONS AND EXHIBITIONS ON WILLEM DE KOONING AND RELATED SUBJECTS, WHICH WERE OR WILL BE ACCESSIBLE BOTH NATIONALLY AND INTERNATIONALLY. IN COLLABORATION WITH THE GALLERIE DELL'ACCADEMIA, VENICE, ITALY, THE FOUNDATION PRODUCED A MAJOR EXHIBITION AND ILLUSTRATED, SCHOLARLY CATALOGUE (IN ENGLISH AND ITALIAN), WILLEM DE KOONING AND ITALY, EXPLORING THE IMPACT OF DE KOONING'S TWO STAYS IN ITALY, IN 1959 AND 1969, ON HIS WORK. THIS EXHIBITION WAS HELD AT THE GALLERIE DELL'ACCADEMIA, VENICE, APRIL - SEPTEMBER 2024, WITH THE PURPOSE AND RESULT OF SHARING DE KOONING'S ARTWORK AND THE CONCLUSIONS OF THE RIGOROUS STUDIES OF SEVERAL ART HISTORIANS WITH VISITORS FROM AROUND THE GLOBE. ALONG WITH ORGANIZING THE EXHIBITION AND PRODUCING INTELLECTUAL CONTENT, THE FOUNDATION LOANED 9 DRAWINGS TO THE ACCADEMIA AS WELL AS 1 PAINTING TO THE GUGGENHEIM BILBAO TO FACILITATE THE GUGGENHEIM BILBAO'S OWN LOAN TO THE EXHIBITION IN VENICE. A FOUNDATION STAFF ART HISTORIAN PROVIDED TOURS.THE ART INSTITUTE OF CHICAGO (AIC) AND THE FOUNDATION CONTINUED TO CONDUCT THEIR COLLABORATIVE, COMPREHENSIVE MULTI-YEAR STUDY OF WILLEM DE KOONING'S DRAWINGS WHICH WILL CULMINATE IN A RETROSPECTIVE EXHIBITION, CATALOGUE AND EDUCATIONAL PROGRAMMING ON THE DRAWINGS AT AIC AND THE RIJKSMUSEUM, THE NETHERLANDS. THE FOUNDATION'S ART COLLECTION WAS CENTRAL TO THE STUDY.THE FOUNDATION OFFERED RESEARCH SUPPORT TO PRINCETON UNIVERSITY ART MUSEUM TOWARD ITS 2026 EXHIBITION AND BOOK, WILLEM DE KOONING, THE BREAKTHROUGH YEARS, 1945-50, AS WELL AS TO THE GAGOSIAN GALLERY, NEW YORK, TOWARD ITS SPRING 2025 PUBLIC PROGRAMMING, EXHIBITION AND CATALOGUE, WILLEM DE KOONING, ENDLESS PAINTING, CURATED BY CECILIA ALEMANI, THE DIRECTOR AND CHIEF CURATOR OF THE NON-PROFIT HIGHLINE ART, WITH THE AIM OF BRINGING A RANGE OF WORKS TO THE ATTENTION OF NEW GENERATIONS. THE EXHIBITION INCLUDED 3 PAINTINGS AND THE BRONZE, STANDING FIGURE, 1969-1984, FROM THE FOUNDATION'S COLLECTION. THE FOUNDATION CONTINUED ITS IN-HOUSE RESEARCH AND PROCESSING OF DOCUMENTATION ON WILLEM DE KOONING'S OEUVRE AND WRITINGS, TOWARD THE EVENTUAL PUBLICATION OF RESOURCES TO AID FUTURE SCHOLARSHIP ON DE KOONING AND 20TH CENTURY ART. THE FOUNDATION CONTINUED TO RE-HOUSE, DIGITIZE AND ADD TO ITS ARCHIVES. THE CARE AND PRESERVATION OF ITS ART COLLECTION IS ON-GOING. 14 WORKS WERE ON LONG-TERM LOAN THIS FISCAL YEAR TO INSTITUTIONS AND MUNICIPALITIES INCLUDING 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, THE CITY OF ROTTERDAM, AND THE RESIDENCE OF THE UNITED STATES AMBASSADOR TO THE UNITED KINGDOM, JANE HARTLEY. 14 WORKS WERE ON SHORT-TERM LOAN AS DESCRIBED ABOVE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 03/15/29 4.8% 248,993 254,845
APPLE INC. 2.9% 9/12/27 307,260 293,522
BANK OF AMERICA CORP 03/05/29 3.97% 336,789 286,651
ELI LILLY & CO 02/27/33 4.7% 298,461 302,862
JP MORGAN CHASE CO2.95% 10/1/26 270,970 246,358
MORGAN STANLEY MAT 4/1/31 3.622% 271,791 287,558
PNC FNL SVCS GROUP INC 2.55% 01/22/30 308,202 277,587
ROYAL BANK OF CANADA 5.15% 02/01/34 267,054 276,620
SOUTHERN CALIF EDISON CO MAT 01/11/25 3.5% 279,272 280,228
TORONTO DOMINION BANK 1.15% 06/12/25 234,525 245,436

TY 2024 InvestmentsCorpStockSchedule
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES CORE S&P MIDCAP 2,426,638 3,789,174
ISHARES MSCI EAFE INDEX FUND 3,070,570 3,578,729
ISHARES TRUST CORE S&P 2,294,990 2,931,923
SELECT SECTOR SPDR 307,015 799,954
VANGUARD S&P 500 ETF 6,337,424 15,565,158

TY 2024 InvestmentsGovtObligationsSch
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
US Government Securities - End of Year Book Value:

8,446,381
US Government Securities - End of Year Fair Market Value:

7,950,014
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 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 8,544 17,937  
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 38,459 121,519  
FURNITURE 48,681 48,681 0  
IMPROVEMENTS 12,295 2,796 9,499  
IMPROVEMENTS 108,479 21,328 87,151  
FURNITURE 14,253 14,253 0  
COMPUTER EQUIPMENT 44,380 44,380 0  
FURNITURE 10,519 10,404 115  
COMPUTER EQUIPMENT 11,383 11,383 0  
IMPROVEMENTS 70,554 9,347 61,207  
COMPUTER EQUIPMENT 19,604 17,727 1,877  
IMPROVEMENTS 3,247 346 2,901  
FURNITURE 5,437 3,738 1,699  
COMPUTER EQUIPMENT 9,800 8,107 1,693  
COMPUTER EQUIPMENT 6,168 4,058 2,110  
CHAIRS AND PHONE 406 207 199  
FURNITURE 1,384 753 631  
FURNITURE 373 173 200  
ELECTRONICS/SOFTWARE 616 302 314  
ELECTRONICS/SOFTWARE 472 203 269  
ELECTRONICS/SOFTWARE 504 217 287  
ELECTRONICS/SOFTWARE 1,600 688 912  
ELECTRONICS/SOFTWARE 500 215 285  
ELECTRONICS/SOFTWARE 31,686 13,625 18,061  


TY 2024 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 27,272 0 0 27,272


TY 2024 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
SECURITY DEPOSITS 71,034 71,034 71,034
WILLEM DE KOONING ARCHIVAL MATERIALS 162,108 162,108 162,108
WILLEM DE KOONING ARTWORK 46,943,545 46,943,545 373,851,800
INVESTMENT IN CATALOGUE RAISONNE 51,757    


TY 2024 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
ART BOOKS 26,839 0 0 26,839
ART DUES & SUBSCRIPTIONS 2,920 0 0 2,920
ART FRAMING 1,827 0 0 1,827
ART FREIGHT 624,499 0 0 624,499
ART INSTITUTE OF CHICAGO 2,126,879 0 0 2,126,879
ART INSURANCE 311,079 0 0 311,079
ART SECURITY COSTS 2,843 0 0 2,843
ART STORAGE CHARGES 502,452 0 0 502,452
BORROWING EXPENSE 3,208 0 0 3,208
CONSERVATION INITIATIVE 2,500 0 0 2,500
D&O INSURANCE 12,199 0 0 12,199
DIGITAL ASSET DATABASE SUPPORT 45,824 0 0 45,824
ELECTRONIC/SOFTWARE 38,528 0 0 38,528
EVENT EXPENSE 39,043 0 0 39,043
GALLERY EXPENSES 517,841 0 0 517,841
GIFTS 600 0 0 600
INVESTMENT EXPENSES 11,838 11,838 0 0
IT SUPPORT 80,008 0 0 87,353
LATE FEE 156 0 0 156
MISCELLANEOUS EXPENSES 13,601 0 0 13,601
OFFICE EXPENSES 8,897 0 0 8,897
PHOTOGRAPHY 7,548 0 0 7,548
POSTAGE & DELIVERY 6,160 0 0 4,692
PR COMMUNICATIONS 20,249 0 0 20,249
REPAIRS AND MAINTENANCE 392 0 0 392
RESEARCH 95,085 0 0 95,085
STATE FILING FEES 3,025 0 0 3,025
SUPPLIES 7,066 0 0 7,066
TELEPHONE 19,727 0 0 19,727
WEBSITE DESIGN 5,306 0 0 5,536


TY 2024 OtherIncomeSchedule2
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES 53,155 53,155 53,155


TY 2024 OtherProfessionalFeesSchedule
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ART CONSULTANT 125,000 0 0 125,000
CURATOR EXPENSES 20,000 0 0 20,000
EXHIBITION CONSULTANTS 1,155 0 0 1,155
INVESTMENT MANAGEMENT FEES 78,796 78,796 78,796 0
OTHER PROFESSIONAL FEES 90,513 0 0 90,513
PAYROLL SERVICE FEES 25,059 0 0 25,059


TY 2024 TaxesSchedule
Name:
THE WILLEM DE KOONING FOUNDATION
EIN:
13-4151973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 30,000 0 0 0
REAL ESTATE TAXES 40,958 0 0 40,958