THE FOUNDATION FOUNDATION
The Foundation Foundation seeks to enhance the public's understanding, enjoyment and appreciation of art. It does this by providing grants to art galleries and museums, and providing studio space to artists.
Objects
FOR THE PUBLIC BENEFIT, THE ADVANCEMENT OF ART AND THE ADVANCEMENT OF EDUCATION IN THE ARTS, IN PARTICULAR BUT NOT EXCLUSIVELY BY:A. THE PROVISION OF GRANTS AND PROFESSIONAL DEVELOPMENT TO ART STUDENTS AT COLLEGE AND UNIVERSITY AND TO ARTISTS WHO HAVE RECENTLY GRADUATED FROM COLLEGE OR UNIVERSITY; B. THE PROVISION OF ARTS EDUCATION AND WORKSHOP FACILITIES INCLUDING STUDIO SPACE TO ART STUDENTS AT COLLEGE AND UNIVERSITY AND TO ARTISTS WHO HAVE RECENTLY GRADUATED FROM COLLEGE OR UNIVERSITY; C. AFTER THE DEATH OF ANTONY GORMLEY THE CURATION OF THE STUDIOS, ARCHIVES AND WORKS OF ART BY ANTONY GORMLEY AND VICKEN PARSONS (BUT NOT INCLUDING WORKS OF ART BY VICKEN PARSONS DURING HER LIFETIME) FOR THE PURPOSES OF DISPLAY, USE, AND RESEARCH.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted funds of £8,376,840, with £8,224,638 held in investments and £152,202 in net current assets. The trustees have decided to maintain reserves at a higher level than their stated policy of twelve to eighteen months of expenditure to provide for future activities and estate stewardship. The charity reported a net income increase for the year, funded primarily by investment returns.
What the accounts disclose
“The Trustees aim to maintain general funds at a level and with such liquidity as to enable twelve to eighteen months of unrestricted charitable expenditure to be undertaken at any time.” — page 8
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- RICHARD EDWARD ION CALVOCORESSIchair
- Laura Heath
- MARCO COMPAGNONI
- Sir ANTONY GORMLEY
- VICKEN GORMLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £173k | £170k |
| 31/01/2024 | £122k | £188k |
| 31/01/2023 | £96k | £93k |
| 31/01/2022 | £84k | £147k |
| 31/01/2021 | £81k | £115k |
Common questions
Is THE FOUNDATION FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total unrestricted funds of £8,376,840, with £8,224,638 held in investments and £152,202 in net current assets. The trustees have decided to maintain reserves at a higher level than their stated policy of twelve to eighteen months of expenditure to provide for future activities and estate stewardship. The charity reported a net income increase for the year, funded primarily by investment returns. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FUNDING NETWORK | 1 | £85k |
| THE LOVINGTON FOUNDATION | 1 | £39k |
| MANCHESTER CITY GALLERIES TRUST | 1 | £36k |
| The Portal Trust | 1 | £20k |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | 1 | £19k |
| THE CHILDHOOD TRUST | 1 | £13k |
Charities like this
- THE FREELANDS FOUNDATION LIMITED
- THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE
- THE INGRAM ART FOUNDATION
- ARTIS FOUNDATION
- SCIENCE MUSEUM FOUNDATION
- THE AUTHOR'S FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FOUNDATION FOUNDATION | £173k | — | 0 | above | — | no doubt |
| THE FREELANDS FOUNDATION LIMITED | £114k | — | 4 | unclear | — | no doubt |
| THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE | £133k | — | 0 | above | — | no doubt |
| THE INGRAM ART FOUNDATION | £152k | — | — | unclear | — | no doubt |
| ARTIS FOUNDATION | £1.0m | — | 0 | unclear | — | no doubt |
| SCIENCE MUSEUM FOUNDATION | £1.0m | — | 0 | unclear | — | no doubt |