Cy Twombly Foundation
Cy Twombly Foundation is a private foundation, 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.
Cy Twombly Foundation at a glance
In short: Cy Twombly Foundation gave $4.0M across 4 grants in 2024 (avg $1.0M), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,000,500
- -75.7% vs 2023
- Grants made (2024)
- 4
- -50.0% vs 2023
- Average grant
- $1,000,125
- -51.4% vs 2023
- Median grant
- $75,250
- Total assets
- $1,514,532,085
- +0.3% vs 2023
- Primary geography
- Illinois (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Cy Twombly Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Art Institute of Chicago ($3.8M). Together the top 4 received $4.0M.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $50–100K range: 12 grants of 35 (34%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Cy Twombly Foundation gives
- Giving fell 48% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4.0M (2024) to $16.5M (2023). In 2024 it made 4 grants totaling $4.0M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,514,532,085 | $6,260,930 | $9,651,080 | $4,000,500 | 4 | $7,498,143 | $5,405,527 | $7,422,801 |
| 2023 | $1,510,050,049 | $23,083,211 | $28,886,979 | $16,474,500 | 8 | $19,984,796 | $15,178,753 | $6,420,841 |
| 2022 | $1,502,631,851 | $8,363,389 | $11,785,912 | $6,051,000 | 6 | $9,087,318 | $6,428,379 | $5,874,268 |
| 2021 | $1,523,666,390 | $9,490,976 | $11,792,615 | $7,632,100 | 7 | $10,282,007 | $8,784,363 | $6,340,163 |
| 2020 | $1,517,651,209 | $5,986,081 | $19,407,109 | $11,751,665 | 10 | — | $2,255,836 | $5,524,504 |
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.
Leadership & Key People
Officers and directors from IRS filings
Cy Twombly Foundation is led by Nicola Del Roscio, President on every filing since 2020; 5 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Nicola Del Roscio
President
On filings since 2020
40 hrs/week
$52K (2022) → $202K (2024)
Jonas Storsve
Director
On filings since 2020
5 hrs/week
$50K (2023) → $50K (2024)
Nicholas Serota
Director
On filings since 2020
5 hrs/week
$25K (2020) → $65K (2024)
Cristian Grasu
Director
New on the 2024 filing
5 hrs/week
$28K (2024)
Eleonora Di Erasmo
Mng Director & Secretary
New on the 2024 filing
20 hrs/week
$112K (2024)
Paul Winkler
Director
On filings since 2020
1 hr/week
No compensation reported
Udo Brandhorst
Director
On filings since 2020
1 hr/week
No compensation reported
Sandra Marionpoulou
Director
New on the 2024 filing
1 hr/week
No compensation reported
David Baum
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $202K, to Nicola Del Roscio (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Cy Twombly Foundation
How much does Cy Twombly Foundation give each year?
Cy Twombly Foundation gave $4.0M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16.5M across 8 grants.
What is Cy Twombly Foundation's typical grant size?
Cy Twombly Foundation's median grant in 2024 was $75,250, and its average grant was $1,000,125, across 4 grants on its 2024 IRS Form 990-PF.
Where does Cy Twombly Foundation give grants?
Cy Twombly Foundation gives mostly in Illinois: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (5%). The most frequent recipient cities were New York, NY (3 grants).
Does Cy Twombly Foundation give general operating support?
Yes: 50% of Cy Twombly Foundation's 2024 grants with a stated purpose (2 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Cy Twombly Foundation?
Cy Twombly Foundation reported $1.5B in total assets on its 2024 IRS Form 990-PF. It paid out $7.5M in qualifying distributions that year, against a required minimum of $7.4M (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Cy Twombly Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Cy Twombly Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Cy Twombly Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/cy-twombly-foundation-morg_0b1b63461dd8469f8cc2c45e15015e12
BibTeX
@misc{grantable_202572529_2026,
author = {{Grantable}},
title = {{Cy Twombly Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cy-twombly-foundation-morg_0b1b63461dd8469f8cc2c45e15015e12},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cy Twombly Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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