EIN 20-2649118

Irving Penn Foundation

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2005
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Irving Penn Foundation was established to promote knowledge and understanding of the artistic legacy of Irving Penn, including the diversity of techniques, mediums, and subject matter the artist explored.
Total revenues
$2,417,509
2022
Total expenses
$3,002,497
2022
Total assets
$154,769,496
2022
Num. employees
6
2022

Program areas at Irving Penn Foundation

Archive of works: The Foundation maintains an archive of The works of Irving Penn for which it designed and built a storage system to provide maximum protection for The archive and permit optimum use of The archive by scholars and other authorized users. The Foundation continues to examine measures (including new facilities) that would further support its archival holdings and accommodate a study center for visiting scholars performing research on Irving Penn. Additionally, The Foundation continues to investigate digital cataloguing procedures that will expand public access to archive holdings.
Donation of works: The Foundation donates works by Irving Penn to museums and other arts institutions for their permanent collections. In 2022, The Foundation donated Irving Penn works to The metropolitan museum of art in new york (in connection with The Irving Penn: centennial exhibition).
Exhibition and collection support: The Foundation lends work by Irving Penn (as well as related historical items) to museums and other arts institutions for exhibitions throughout The world, grants rights to these institutions for The reproduction of Irving Penn images in exhibition catalogues and in related other mediums, and provides general guidance to institutions concerning exhibitions involving works by Irving Penn. Along with providing ongoing collection and curatorial support for penn-related exhibitions and programming, The Foundation contributed its support to institutions around The world in 2022, including to The hammer museum (university of California, los angeles), The groninger museum in The netherlands, The mas mir Foundation in spain, and The kyotographie international photography festival in japan.

Grants made by Irving Penn Foundation

GranteeGrant descriptionAmount
Metropolitan Museum of ArtTo Promote Appreciation and Understanding of Fine Arts (See Attachment)$1,240,000

Who funds Irving Penn Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Peter Schub FoundationTo Push the Irving Penn Educational Mission$30,000
Peter Schub FoundationTo Push the Irving Penn Educational Mission$25,000
Peter Schub FoundationTo Push the Irving Penn Educational Mission$12,500
...and 3 more grants received

Personnel at Irving Penn Foundation

NameTitleCompensation
Tom PennExecutive Director$277,911
Elsa M SanchezgarzaCoolection Manager$77,656
Christina LaiArchive Assistant$54,929

Financials for Irving Penn Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$128,165
Investment income and dividends$40,830
Net rental income$0
Net gain from sale of non-inventory assets$2,167,869
Gross sales of inventory$0
Miscellaneous revenues$29,165
Total revenues$2,417,509

Form 990s for Irving Penn Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-06990PFView PDF
2021-122022-11-11990PFView PDF
2019-122021-02-19990PFView PDF
2018-122019-12-19990PFView PDF
2016-122017-11-15990PFView PDF
...and 5 more Form 990s

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Data update history
January 23, 2024
Posted financials
Added Form 990PF for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 12, 2023
Received grants
Identified 6 new grant, including a grant for $30,000 from Peter Schub Foundation
June 3, 2023
Updated personnel
Identified 6 new personnel
May 21, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
Co Citrin 50 Rockefeller Plaza
New York, NY 10020
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
irvingpenn.org/ 
Phone
(212) 697-1000
IRS details
EIN
20-2649118
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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