Solomon R. Guggenheim Foundation

What it reported doing in 2024

Disseminating current scholarship and promoting learning are the primary goals of the many exhibition and collection catalogues produced by the foundation. Publications present scholarly and instructive art historical information in the form of essays that contextualize art within larger movements or disciplines; in-depth discussions of individual artworks; interviews with artists and reference tools such as bibliographies, biographies, chronologies, and exhibition histories. Publications in 2024 included jenny holzer: trace; only the young: experimental art in korea: 1960s - 1970s; going dark: the contemporary figure at the edge of visibility; and harmony and dissonance: orphism in paris, 1910-1930.significant exhibition, collections, education, audio, video, and catalogue archives content is available to the public, free of charge, on guggenheim.org including more than 1,900 artworks by more than 625 artists in the collection online. In 2024 the foundation published 5 new videos and 197 new audio tracks, bringing the total videos available on the site to 621 and audio tracks to approximately 2,052.additionally, in 2024, the foundation published 8 new blog posts offering insights into exhibitions, contemporary art, global culture, and museum archives and history, bringing the total number of posts available online to 1,120. In 2024, guggenheim.org recorded 4,235,570 user sessions and 22,459,067 page views. The guggenheim remains committed to creating a welcoming experience for all visitors both onsite and online. The guggenheim digital guide, available on the bloomberg connects app, continues to provide rich engagement for audiences. Verbal descriptions are a central feature of this experience and support accessibility and inclusive storytelling.in 2024, more than 40 new verbal description tracks were created for the exhibitions jenny holzer: light line; by way of: material and motion in the guggenheim collection; harmony and dissonance: orphism in paris, 1910-1930; and collection in focus: piet mondrian: ever further.recognizing that many of the museum's visitors are international, the museum remains committed to a comprehensive translation strategy. In 2024, italian was added as a primary translation language, alongside spanish, and the museum also integrated bloomberg connects' google translate feature to broaden multilingual access to text-based content.

Financial Efficiency

• Mission deployment rate: 71.4%; rating input score 71
• Program expense ratio: 66.4%; rating input score 66
• Fundraising efficiency: $6.54 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 96.3%; rating input score 96; 51st percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.8%; rating input score 51; 51st percentile among comparable filings
• Total-asset coverage ratio: 2.71; rating input score 73; 73rd percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 5.8%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: -1.3% per year; rating input score 0; 5th percentile among comparable filings
• Revenue growth: 0.8% per year; rating input score 100; 8th percentile among comparable filings
• Asset growth: 3.2% per year; rating input score 100; 22nd percentile among comparable filings