- Jason Andreasen
Private and tax-exempt foundation either created or endowed by a visual artist or their surviving spouse, heirs, or other beneficiaries. Artist foundations capitalize on the artist’s assets in the name of charitable or educational goals. These foundations may utilize financial and investment assets; art assets including the artist’s collections, archives, and copyrights; and physical property holdings such as land, residences, or studios. Most artist foundations were established during the late 20th century and often focused on the protection of the artist’s estate, the promotion and exhibition of his or her work, and philanthropic programs. While the priorities of such foundations may vary widely, the impact of their activities—particularly through the administration of artist-centered grants—continues to grow in the 21st century....