Institute of Musical Art
The mission of the Institute of Musical Art (IMA) is support of the juilliard school (juilliard), a 501(c)(3) exempt organization through annual distributions from the IMA's endowment funds.
Institute of Musical Art at a glance
In short: Institute of Musical Art gave $664K across 1 grant in 2025 (avg $664K), mostly in New York. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $663,731
- +3.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $663,731
- +3.8% vs 2024
- Median grant
- $663,731
- Total assets
- $13,456,969
- +5.1% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Institute of Musical Art funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Juilliard School ($664K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Institute of Musical Art gives
- Giving held roughly steady from 2022 to 2025 (+15%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $557K (2021) to $664K (2025). In 2025 it made 1 grant totaling $664K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Juilliard School New York, NY | Support of Juilliard School | $663,731 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Expenses | Grants paid | Grants |
|---|---|---|---|---|
| 2025 | $13,456,969 | $663,731 | $663,731 | 1 |
| 2024 | $12,805,697 | $639,283 | $639,283 | 1 |
| 2023 | $12,345,130 | $618,517 | $618,517 | 1 |
| 2022 | $12,555,370 | $577,228 | $577,228 | 1 |
| 2021 | $13,620,449 | $556,638 | $556,638 | 1 |
About Institute of Musical Art
Based on IRS filings
Institute of Musical Art is a public charity focused on Arts, Culture & Humanities, based in New York, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $13.5M in total assets. In 2025, it awarded 1 grant totaling $664K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Institute of Musical Art is led by Bruce Kovner, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce Kovner
President
On filings since 2021
1 hr/week
No compensation reported
Joseph Polisi
Trustee
On filings since 2021
1 hr/week
No compensation reported
Christine Todd
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Keith Gollust (2021–2022) — Secretary
- Former: Kenneth Davidson (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Institute of Musical Art
How much does Institute of Musical Art give each year?
Institute of Musical Art gave $664K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $639K across 1 grant.
How large is Institute of Musical Art?
Institute of Musical Art reported $13.5M in total assets on its 2025 IRS Form 990.
What is Institute of Musical Art?
Institute of Musical Art is a public charity focused on Arts, Culture & Humanities, based in New York, NY. It holds $13.5M in total assets as of 2025.
Where does Institute of Musical Art operate?
Institute of Musical Art has awarded grants in New York.
What is Institute of Musical Art's EIN?
Institute of Musical Art's EIN (Employer Identification Number) is 13-6162648. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 25, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2021–2024
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