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.
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
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.