Cy Twombly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5B in total assets. In 2024, it awarded 4 grants totaling $4.0M. Net investment income was $5.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5B
+0.3% YoY
Annual Giving
$4.0M
-75.7% YoY
Grant Count
4
-50.0% YoY
Avg Grant Size
$1.0M
-51.4% YoY
Under IRS private-foundation payout rules, Cy Twombly Foundation reported a distributable amount of $7.4M for 2024 — the minimum it must pay out in qualifying distributions.
About Cy Twombly Foundation
Based on IRS filings
Cy Twombly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5B in total assets. In 2024, it awarded 4 grants totaling $4.0M. Net investment income was $5.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,514,532,085 | $1,510,050,049 | $1,502,631,851 |
| Revenue | $6,260,930 | $23,083,211 | $8,363,389 |
| Expenses | $9,651,080 | $28,886,979 | $11,785,912 |
| Qualifying Distributions | $7,498,143 | $19,984,796 | $9,087,318 |
| Net Investment Income | $5,405,527 | $15,178,753 | $6,428,379 |
| Distributable Amount | $7,422,801 | $6,420,841 | $5,874,268 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Art Institute of Chicago ($3,800,000), Drawing Center Inc ($100,000), Foundation for Contemporary Arts Inc ($50,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ART INSTITUTE OF CHICAGO CHICAGO, IL | NON-CASH DONATION OF ART FOR EXHIBITION SUPPORT | $3,800,000 |
| DRAWING CENTER INC NEW YORK, NY | GENERAL SUPPORT | $100,000 |
| FOUNDATION FOR CONTEMPORARY ARTS INC NEW YORK, NY | SUPPORT FOR THE CY TWOMBLY AWARD FOR POETRY | $50,500 |
| SAFE HORIZON INC NEW YORK, NY | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICOLA DEL ROSCIO | PRESIDENT | 40 | $201,747 |
| DAVID BAUM | SECRETARY (TO 2/2024) | 3 | — |
| ELEONORA DI ERASMO | MNG DIRECTOR/SECRETARY (AS OF 2/2024) | 20 | $111,516 |
| JONAS STORSVE | DIRECTOR | 5 | $50,000 |
| PAUL WINKLER | DIRECTOR (TO 1/2024) | 1 | — |
| UDO BRANDHORST | DIRECTOR (TO 6/2024) | 1 | — |
| NICHOLAS SEROTA | DIRECTOR | 5 | $65,000 |
| SANDRA MARIONPOULOU | DIRECTOR (AS OF 6/2024) | 1 | — |
| CRISTIAN GRASU | DIRECTOR (AS OF 6/2024) | 5 | $28,323 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cy Twombly Foundation?
Cy Twombly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $1.5B in total assets as of 2024.
How large is Cy Twombly Foundation?
As of 2024, Cy Twombly Foundation holds $1.5B in total assets with $6.3M in annual revenue. It awarded 4 grants totaling $4.0M in 2024.
Where does Cy Twombly Foundation operate?
Cy Twombly Foundation has awarded grants in Illinois, Massachusetts, New York, Pennsylvania.
What size grants does Cy Twombly Foundation award?
In 2024, Cy Twombly Foundation awarded 4 grants totaling $4.0M — an average of about $1.0M per grant, based on its IRS Form 990 filings.
How much is Cy Twombly Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cy Twombly Foundation reported a distributable amount of $7.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cy Twombly Foundation's EIN?
Cy Twombly Foundation's EIN (Employer Identification Number) is 20-2572529. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cy Twombly Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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