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The American Art Foundation, Inc.


Last Updated: 2016-07-29

At A Glance

The American Art Foundation, Inc.

(doing business as The American Contemporary Art Foundation, Inc.)

767 5th Ave., 40th Fl.

New York City, NY United States 10153-0003

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2015-06-30)

Assets: $29,689,655

Total giving: $13,962,084






Established in 1999 in DE and NY - Founded by the Estee Lauder, Leonard A. Lauder, and the Lauder Foundation. Estee Lauder was the co-founder of the famous cosmetics company that is named after her. Time magazine listed her as one of the 20 most influential business people of the 20th century and in 2004 she received the Presidential Medal of Freedom. Leonard A. Lauder is Chairman Emeritus of the Estee Lauder Companies. Today Estee Lauder dominates the prestige cosmetics industry with such brands as Estee Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown and Stila.

Purpose and Activities

The foundation acquires, preserves, loans and donates works of art to public museums, libraries, universities, galleries and other institutions for public display and education.

Fields of Interest

  • Art museums
  • Arts and culture
  • Education
  • Higher education
  • Museums
  • University education
Population Groups
  • Academics

Financial Data

Year ended 2015-06-30

Assets: $29,689,655 (market value)

Expenditures: $14,318,284

Total giving: $13,962,084

Qualifying distributions: $14,067,034