The Broad Art Foundation
The Broad Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $786.3M in total assets. In 2024, it awarded 4 grants totaling $5.1M. Net investment income was $3.8M.
The Broad Art Foundation at a glance
In short: The Broad Art Foundation gave $5.1M across 4 grants in 2024 (avg $1.3M), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,110,583
- -57.7% vs 2023
- Grants made (2024)
- 4
- -33.3% vs 2023
- Average grant
- $1,277,646
- -36.6% vs 2023
- Median grant
- $47,792
- Total assets
- $786,292,386
- +6.7% vs 2023
- Primary geography
- California (100% 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 The Broad Art Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was The Broad ($5.0M). Together the top 4 received $5.1M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 16 grants of 25 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Broad Art Foundation gives
- Giving fell 58% from 2021 to 2024. 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 $5.1M (2024) to $12.2M (2022). In 2024 it made 4 grants totaling $5.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Broad Los Angeles, CA | Operating Support | $5,000,000 |
| Hammer Museum Los Angeles, CA | General Support | $48,500 |
| Museum of Contemporary Art Los Angeles, CA | General Support | $47,083 |
| Creative Time Inc New York, NY | General Support | $15,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $786,292,386 | $47,318,642 | $7,196,134 | $5,110,583 | 4 | $18,224,588 | $3,828,161 |
| 2023 | $737,199,052 | $31,106,255 | $2,005,831 | $12,082,083 | 6 | $40,507,982 | $3,062,221 |
| 2022 | $711,649,194 | $2,411,274 | $4,668,212 | $12,180,000 | 6 | $58,119,555 | $2,033,133 |
| 2021 | $727,867,052 | $134,079,863 | $4,740,893 | $12,087,500 | 4 | $18,470,353 | $74,541,153 |
| 2020 | $604,724,418 | $1,209,304 | $4,416,700 | $12,167,500 | 5 | — | $575,190 |
Leadership & Key People
Officers and directors from IRS filings
The Broad Art Foundation's 2024 filing lists 5 officers; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Joanne Heyler
Founding Director
Trustee, Director & Chief Curator → Trustee, 2023
Trustee → Founding Director, 2024
On filings since 2020
16 hrs/week
$150K (2020) → $320K (2024)
Gerun Riley
Trustee
On filings since 2021
2 hrs/week
$10K (2022) → $0 (2024)
Julie Baker
Trustee
On filings since 2021
2 hrs/week
$23K (2022) → $0 (2024)
Edythe Broad
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Peter Adamson
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Former officers (3)
- Former: Eli Broad (2020–2021) — Trustee
- Former: Bruce E. Karatz (2021) — Trustee
- Former: Paul Frimmer (2021) — Trustee
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 $320K, to Joanne Heyler (Founding Director).
Frequently asked questions about The Broad Art Foundation
How much does The Broad Art Foundation give each year?
The Broad Art Foundation gave $5.1M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12.1M across 6 grants.
What is The Broad Art Foundation's typical grant size?
The Broad Art Foundation's median grant in 2024 was $47,792, and its average grant was $1,277,646, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Broad Art Foundation give grants?
The Broad Art Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Los Angeles, CA (3 grants).
Does The Broad Art Foundation give general operating support?
Yes: 100% of The Broad Art Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Broad Art Foundation?
The Broad Art Foundation reported $786.3M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $47.3M.
What is The Broad Art Foundation?
The Broad Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in Los Angeles, CA. It holds $786.3M in total assets as of 2024.
What is The Broad Art Foundation's EIN?
The Broad Art Foundation's EIN (Employer Identification Number) is 95-4664939. 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
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Browse active grant opportunities in The Broad Art Foundation's focus areas in our free grants database
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