Glenstone Foundation
The Glenstone Foundation is a philanthropic organization dedicated to promoting and supporting contemporary arts. Its latest IRS Form 990-PF filing (2023) reports $266.8M in revenue, $2.9B in total assets, $2.8M in grants paid.
Financial data from IRS Form 990 filings via ProPublica Nonprofit Explorer (EIN 205938416).
About Glenstone Foundation
The Glenstone Foundation is a philanthropic organization dedicated to promoting and supporting contemporary arts. Named after a private museum in Potomac, Maryland, this foundation often provides funding for arts-related initiatives, including art exhibits, educational programs, artistic research, preservation of art pieces, and supporting emerging and established artists. A significant proportion of its funding is also directed toward fostering public appreciation of contemporary and modern art and aiding institutions that share the same goal.
IRS Form 990 Filing History
| Year | Form | Revenue | Expenses | Assets | Grants paid | |
|---|---|---|---|---|---|---|
| 2023 | 990-PF | $266.8M | $52.0M | $2.9B | $2.8M | View |
| 2022 | 990-PF | $132.6M | $44.9M | $2.8B | $6.3M | — |
| 2021 | 990-PF | $1.9B | $43.2M | $2.8B | $8.5M | View |
| 2020 | 990-PF | $596.7M | $45.4M | $2.3B | $5.3M | View |
| 2019 | 990-PF | $370.0M | $36.4M | $1.9B | $545K | — |
| 2015 | 990-PF | $510.7M | $11.6M | $1.3B | $852K | View |
| 2014 | 990-PF | $434.2M | $6.3M | $1.0B | $228K | View |
| 2013 | 990-PF | $399.9M | $6.6M | $849.9M | $121K | View |
Source: IRS Form 990 series via ProPublica Nonprofit Explorer. Amounts as filed.
Past Grantees
7 recipients — $15.3M total paid| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| FOUNDATION TO COMBAT ANTISEMITISM | FOXBOROUGH, MA | $11.9M | COMMUNITY SUPPORT ADDRESS INEQUALITY |
| NATIONAL GALLERY OF ART | WASHINGTON, DC | $1.8M | SUPPORT THE ARTS |
| SCOTLAND AME CHURCH | POTOMAC, MD | $1.5M | GENERAL SUPPORT |
| AMERICAN FUND FOR THE SOUTHBANK CENTRE | NY, NY | $50K | SUPPORT THE ARTS |
| NATIONAL FOUNDATION FOR ADVANCEMENT OF THE ARTS | MIAMI, FL | $50K | GENERAL SUPPORT |
| UNITED WAY OF NATIONAL CAPITAL AREA | WASHINGTON, DC | $11K | GENERAL SUPPORT |
| SHELBURNE MUSEUM | SHELBURNE, VT | $10K | SUPPORT THE ARTS |
From the 2024 IRS Form 990-PF (Part XV) e-filing. Amounts as filed.