The Solomon R. Guggenheim Museu
1977 Annual Report
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The Solomon R. Guggenheim Foundation
1977 Annual Report
The Solomon R. Guggenheim Museum Table of Contents
President's Report 3
Director's Report 4
Exhibitions and Publications 6
Special Events 8
Loans from the Collection 12.
Acquisitions 17
The Society of Associates 22
Corporate Memberships 25
Donors of Money and Securities 2.7
Grants 27
Challenge Grant 27
Trustees 28
Staff 28
Staff Professional Associations and Publications 29
Auditor's Report 30
c I he Solomon R. Guggenheim Foundation, New York President's Report
In 1977 The Solomon R. Guggenheim Foundation, under heim, who, in 1937, created the Foundation and what whose auspices and with whose support the Guggenheim was then called the Museum of Non-Objective Painting.
Museum operates, celebrated its fortieth anniversary. His Presidency came to an end with his death in 1949,
The occasion was marked by a review, in exhibition form, when he was briefly succeeded in this capacity by Lord
of the work of the most important European masters Castle Stewart. My immediate predecessor, 1 larry Frank
in the Museum's collection. With that many years behind Guggenheim, was President from 1 952- 1 969, at which
us and within a decade of half a century of functioning time he resigned to become Chairman of the Board
as an institution, a historical perspective suddenly seemed during the remaining months of his life. At the beginning
to present itself, not only to the Foundation's trustees of his Presidency the Museum adopted the name it now
and to the Museum's staff but to our membership and bears and approximately in the middle of this term
the art world at large. The media began to view and moved into the building it presently occupies. evaluate the Guggenheim Museum's role in the context To the extent that the Guggenheim has been trans-
of the decades, while we ourselves started to develop formed from a private to a public institution, dependence more clearly drawn plans for the future. upon other than family support and the participation of
It is timely therefore to initiate publication of the our new friends in the affairs of the Museum has in-
Guggenheim's annual reports. These will continue to creased. The present Board of Trustees as listed in this fulfill the same purposes within the Museum that their report therefore reflects a broadened representation, unpublished precursors have for many years; but they and the categories of life members and associates recently also signal a greater concern for public awareness of and established, further indicate the Museum's widening base. participation in our activities demanded by our general It should finally be stated that at the time of this writing development. The Solomon R. Guggenheim Museum is completing the
The evolution of our trustee and staff list, habitually first year of its Half-Century Fund, a drive designed to published in Museum catalogues, is reviewed here for raise the monies necessary to increase endowment, the record: Thomas M. Messer, the Guggenheim's third strengthen programs and improve facilities in anticipa-
Director, has served in this capacity since 1961. He was tion of our fiftieth anniversary which will occur in 19S7. preceded by James Johnson Sweeney (1952.-1960) and by the Baroness Hilla Rebay (1937-1952). Since 1973 he has been importantly aided by Henry Berg, Deputy Director. Peter Lawson-Johnston
The Museum's original benefactor and first President President of the Board was my grandfather, Solomon R. Guggen- The Solomon R. Guggenheim Foundation Director's Report
When the present building opened to the public .it the exhibitions surveyed historic movements such as Neo-
shortly after death of its architect Frank Impressionism, presented private collections, end of 1 959 the among
I loyd Wright, the Guggenheim became one of three them the Hirshhorn, Malbin-Winston and Sharp hold-
modern museums in New York which, through collect ings and, finally, reviewed young talent in this country
ing, exhibiting and publishing on a large scale, attempts and abroad, as, for example, in the Guggenheim Inter-
to orient a demanding and growing public within the national and Theodoron series and, more recently, in the broad premises of twentieth-century art. Unlike the Exxon-sponsored nationals and internationals. Whitney Museum of American Art, the Guggenheim's All these presentations were accompanied by cata-
scope is emphatically international and, in contrast to logues written by the exhibition curators, who often
The Museum of Modern Art, the range of its media produced definitive works, as exemplified by Robert remains deliberately limited to painting, sculpture and Herbert's Neo-Itnpressionism, Sidney Geist's Brancusi, works on paper. As a result of such comprehensiveness Margit Rowell's Ku;>ka and Diane Waldman's Rothko on the one hand and restrictiveness on the other, the publications. The most exhaustive research efforts were Guggenheim has a tightly-knit yet fluid internal struc- quite naturally devoted to the Guggenheim's own collec-
ture; it has a highly mobile staff concerned with develop- tion and have resulted in publications such as Selections
ments in domestic ,\nc\ international contemporary art, from the Guggenheim Museum Collection, 1900-19*0
and the documentation of the already historic part of its (with its sequel Handbook: The Guggenheim Museum
collection. This collection, with its concentration upon Collection, 1900-1980, now in preparation) and, above
early as well as recent twentieth-century painting and all, two outstanding records of our permanent holdings,
sculpture, is now introduced by a preamble of nineteenth The Guggenheim Museum Collection: Paintings 1SS0- century works in the Justin K. Thannhauser Bequest. 1945 by Angelica Zander Rudenstine and The Guggen- Future annual reports may well be restricted to citation heim Museum: The Justin K. Thannhauser Collection of the principal events of the year surveyed. However, by Vivian Fndicott Barnett.
since this is the first such report, it seems appropriate to Thus, the collection ultimately emerges at the very draw attention to the most important events and achieve- center of our attention. During the years reviewed here,
ments of the Guggenheim Museum since it opened its works of outstanding importance have augmented those
doors in its present location. Further, as this publication inherited from previous administrations. A listing of
is appearing at the end of 1978, information is carried modem masterpieces would certainly include the follow- forward beyond 1977. Developments reviewed here ing key works which have entered the Museum's hold-
fall into three categories which together make up the ings in this period, along with others of comparable Museum's program—exhibitions, publications and importance: acquisitions.
Among these, the first, exhibitions, has been the most 1. Rousseau, The football Players, 1 908
conspicuous, attracting millions of visitors during the 2. Kupka, Planes by Colors, Large Nude, 1 909-10, Gift,
nearly twenty sears they have been presented on Frank Mrs. Andrew P. Fuller
Floyd Wright's spiral ramps. Major retrospectives have 3. Jawlensky, Helene with Colored Turban. 1910 been devoted to, among others, the following already 4. Kirchner, Cerda, Half-Length Portrait, 1914, Partial
accepted masters of the modern era: Ensor, Munch, (iift, Mr. and Mrs. Mortimer M. Denker
I lodler, Schiele, Kandinsky, Klee, Malevich, Mondrian, 5. Schiele, Portrait of Johann Harms, 1 9 1 6, Partial Gift, Picabia, Kupka and Max Ernst. During the same period Dr. and Mrs. Otto Kallir, New York
retrospectives were held for the sculptors Maillol, (•>. Klee, Night beast, 1 921
Brancusi, Giacometti and Calder. Extensive retrospec- 7. M\r6,The Tilled Field, 1 9M-2.4 tives have also been accorded to such postwar Europeans S. Beckmann, Society (The Party), 1933 as Dubuffet, Bacon, de Stael, I lamilton, Fontana, Burri, 9. Dubuffet, Will to Power, 1946 Soto and Michaux, and to Americans like Cornell, David 10. Lcgcr, The C^reat Parade, 1954 Smith, Fichtenstein, Noland, Bolotowsky, Salemme and, currently, Rothko, while important shows of less com- Among the most important works by artists of the post- prehensive scope were mounted for artists including war generation which have been added to the collection de Kooning, Morris Louis, Baziotes, Newman, Andre, by purchase, trade or gift since the Guggenheim moved
Ryman and I [are. Finally, significant group and theme to its present location arc: i. Rotliko, Violet, Black, Orange, Yellow on White and efforts of the entire staff—curatorial, technical, ad- Red, 1949, Gift, Elaine and Werner Dannheisser ministrative, as well as public affairs, development and and The Dannheisser Foundation superintendent's departments. The Guggenheim's current
1-9 2. Fontana, Spatial Conception, Expectations, T 1 ; i, ambitious effort to strengthen its base and deepen its
1959, Gift, Teresita Fontana, Milan achievements is thus equally dependent upon our friends
3. Louis, Saraband, 1959 in the art world and upon those who contribute their
4. Noguehi, The Cry, 1959 special capacities, talents and ettorts as professional
5. Hofmann, The date, i960 museum workers.
6. Jorn, Green Ballet, i960
7. Bacon, Studies far a Crucifixion, 1 962 Thomas M. Messer
8. Warhol, Orange Disaster No. s, 1 963, Gift, The Director Harry N. Ahrams Family Collection The Solomon R. Guggenheim Museum
9. David Smith, Cubi XXVII, 1 965 10. Ipousteguy, Lenin, 1967 ir. Lichtenstein. Preparedness, 1968
12. Vasarely, Reytey, 1968
13. Nevelson, Luminous Zag; Night, 1971, Gift, Mr. and Mrs. Sidney Singer
14. Diebenkorn, Ocean Park No. 96, 1977, Purchased with the aid of funds from the National Endowment for the Arts, Washington, D.C., Matching Gift, Mr. and Mrs. Stuart M. Speiser and Louis and Bessie
Adler Foundation Inc., Seymour M. Klein, President.
15. Martin, Untitled No. 14, 1977, Gift, Mr. and Mrs. Werner Dannheisser
Important examples by Albers, Baziotes, Frankenthaler, Guston, Jensen, Kelly, Krasner, Mitchell, MuIIer, Noland and Rauschenberg have also joined the Museum's holdings.
The most massive enrichment of our collection, however, has come from three sources:
t. The Justin K. Thannhauser gift of Impressionist and
Post-Impressionist art.
2. The Peggy Guggenheim Collection in Venice.
3. The Hilla Rebay Collection, now reunited with the Guggenheim's own holdings.
The individual histories of these additions are briefly described in the catalogue The Guggenheim Museum Collection: Paintings 1880-1945, aniJ therefore need no reiteration here. Together with important donations of several works by Arp, Bissier, Kolaf, Gorky and Albers, among others, these collections have greatly broadened and strengthened the Guggenheim's permanent holdings and our gratitude to those who have helped us acquire Mme. Nina Kandinsky and Thomas M. Messer, Director, The them cannot be expressed often enough. Solomon R. Guggenheim Museum at Forty Modern Masters: An Anniversary Show Dinner Nor should one forget that accomplishments in all these areas would be impossible without the skills and 1
Exhibitions and Publications
Acquisition Priorities: Aspects of Post- war Painting in America October 15, 1976-January 16, 1977 Catalogue, Acquisition Priorities: Aspects of Postwar Painting in America New York, The Solomon R. Guggen- heim Foundation, 1976, Thomas M. \ lesser
James Ensor
January 18-April 1
(Previously shown at The Art Institute of Chicago, November 6, 1976- January
5> '977) Catalogue, James Ensor New York, George Bra/.iller, 1976, Frank Edebau, John David Farmer
Recent Acquisitions
February 4-2.7
Nine Artists: Theodoron Awards
March 4- April 7 George Segal at Recent Acquisitions Opening Catalogue, Nine Artists: Theodoron Awards New York, The Solomon R. Guggen- heim Foundation, 1977, Linda Shearer
Kenneth Noland: A Retrospective April 15-June 19 Travel Schedule: Hirshhorn Museum and Sculpture Garden, Smithsonian Institution and Corcoran Gallery, Washington, D.C. September 29-Novcmbcr 27 The Toledo Museum of Art January 22-March 8, 1978 The Denver Art Museum
March 2.3-May 7 Catalogue, Kenneth Noland: A Retrospective New York, The Solomon R. Guggen- heim Foundation in collaboration with
I [arry N. Abrams, Inc., 1977, Diane Waldman
Klee at the Guggenheim Museum
June 24-Septcmber s Travel Schedule: Musee d'Art Contemporain, Montreal September iX-Octohcr 13
Musee cle Quebec
November 5-December 4 Elizabeth Murray and friends at Theodoron Awards Milwaukee Art (enter Opening February z-March t8, [978
University Art Museum, University of California at Berkeley
April 1 t-June 4 The Cleveland Museum of Art
July 6-September 3 The Baltimore Museum of Art September 16-November u>
Virginia Museum of Fine Arts, Richmond January i-Fehruary 18, 1979
Catalogue, Klee at the Guggenheim Museum New York, The Solomon R. Guggen- heim Foundation, 19-^, Thomas M. Messer, Louise Averill Svendsen
Canadian edition of catalogue with French translation of text by Ministere des Affaires Culturelles Quebec
Newsletter, Thomas M. Messer
American Postwar Painting
July i-September 5
Forty Modern Masters July i-September n Kenneth Noland Brochure, Fortx Modern Masters
Recent Gifts and Purchases September 16-October 16
From the American Collection
September 30-December 5
Lucio Fontana, 1899-1968: A Retrospective October 21-December 8
Catalogue, Lucio Fontana, 1899-1968: A Retrospective New York, The Solomon R. Guggen- heim Foundation, 1977, Erika Billeter Newsletter, Linda Konheim
Learning to Read Through the Arts
November 18-December 4
From the American Collection: New Additions
November 12, 1977-January 8, 1978
Forty Modern Masters: An Anniversary Show
December 16, 1977-February 1, [978 Brochure, Forty Modern Masters: An Anniversary Show
Louise Nevelson at Recent Gifts and Purchases < Jpening David Hare September 30-October 30 Brochure, David Hare Special Events
PERFORMING ARTS January 9 October 4 "The New York School" Rosalynn Carter hosted 200 spouses of Januarv i r UN delegates Princeton Chamber Music Ensemble January 15 "American Art in the Sixties" October 12 February 4, 5 Theatre Laboratoire Vicinal of Belgium January 16 American Friends of Tel Aviv Museum " "English Version of T "Jasper Johns: Decoy" November 16 "Robert Motherwell" Art News Magazine May S Children's mini-festival. Learning to Read Through the Arts Program November 20 LECTURES Cantilena Chamber Players In conjunction with James Ensor, the RADIO PROGRAM following lecture series was held: Round and About the Guggenheim, February POETRY READING 15 aired over WNYC-FM at 6:30 p.m. on Ceorge Heard Hamilton, "James Ensor: Wednesday evenings Academy of American Poets The Artist as Rebel and The Rebel as January 5 January 4 Artist" "Calder's Universe," guests: Richard Stanley Kunitz February 22 Marshall, Assistant Curator, Exhibitions, February Gert Schiff, "Ensor, The Exorcist" 8 Whitney Museum of American Art; Robert Penn Warren March 1 Ruth Wolfe, editorial director for the April 12 Robert Rosenblum, "Ensor in Context" book, Calder's Universe
Anthony Hayden January 12 October 18 April 19 "American Master Drawings and Leonardo's Modern Hungarian Poetry Gerard Regnier, "From Watercolors," guests: Wilder Greene, 'parete di vetro' to Marcel Duchamp's Director American Federation of Arts; November 29 Large Glass: The Influence of the Clas- Curator of Elizabeth Bishop Theodore Stebbins, Jr., sical Prospectors of Marcel on the work American Paintings and Sculpture, Yale December 5 Duchamp" University Art Gallery. John Ashbery January 19 May 24 In conjunction with Kenneth Noland: "Aztec Stone Sculpture at the Center for Sandra Hochman "Explosion of A Retrospective, the following lecture Inter-American Relations," guests: Loneliness" series was held: Roger Stone, President, Center for Inter-
May ^ The Asia Society American Relations; Jim Wolfe, Director Kenworth Moffet, "Noland and Visual Arts Program, Center for Inter- April 21 Mondrian" American Relations; Esther Pasztory, Wang-go Weng, Jonathan Chaves, May 17 Professor, Columbia University Wang Efui-Ming (lecture on calligraphy Michael Fried, "The Achievement of and slide presentation) January 26 Kenneth Noland" "European Master Paintings from Swiss April 22 May Collections," guest: John Elderfield, Chou Wen-Chung, Chang Ch'ung-Ho 31 E. A. Carmean, Jr., "Kenneth Noland Curator of Painting and Sculpture, The (music and poetry) and Compositii in" Museum of Modern Art, New York Huang Po-fei, James Wright, Lui Tsun-yuen (music) February 2 October 27 "James Ensor," guests, John David Claude Picasso, "Previously Unpublished Farmer Director, Birmingham Museum Work by Pablo Picasso" of Art, Alabama; Frank Edebau, Direc- FILMS tor, Stedelijk Museum, Ostend In conjunction with Acquisition February 16 Priorities: Aspects of Postwar Painting "The Dennis Stock Retrospective and in America, a weekend film series, RECEPTIONS Disfarmer of Heber Springs, Interna- "American Art and Artists," by January 26 tional Center of Photography," guests: Blackwood Productions, Inc., was held. Mobil Oil Corporation Demns Stock, photographer, Magnum The films shown were: April 6 Photos, Inc.; Julia Scully, author; Ron January 1 School Groton Coyen, Assistant Curator, International "American An in the Sixties" April 20 Center of Photography January 2 Brandeis Creative Arts Awards February 23 "Roy Lichtenstein" Presentation "Women in the Arts Foundation," January 8 May 16 guests: Joyce Weinstein, Jean Azleski,
"Andy Warhol" ( ieneral Felt Industries Dina Guston Baker, of the Foundation Peter O. Lawson-Johnston, President, The Solomon R. Guggenheim Foundation and Ambassador from Italy to the United States, His Excellency, Dr. Roberto Gaja at Lucio Fontana Opening
Theatre Laboratoire Vicinal of Belgium "English Version ofT" March 9 "Theodoron Awards Exhibition," guests: Linda Shearer, Assistant Curator, The Solomon R. Guggenheim Museum, New' York, Allan Ruppersberg, Michael Hur- son, Steve Gianakos, artists
March z "Italian Architectural and Ornament Drawings at the Metropolitan Museum," guests: Mary Myers, Associate Curator of Prints and Photography, The Metro- politan Museum of Art, New York; Elaine Evans Dee, Curator of Drawings and Prints, Cooper Hewitt Museum, New York; Adolph Placzek, Avery Librarian, Columbia University Avery Architectural Library.
April 6 "Degas from the Metropolitan," guest: Charles Moffatt, Associate Curator of European Paintings, The Metropolitan Museum of Art, New York Rosalynn Carter with Marife Hernandez, Chief of Protocol April 13 of The United States of America for New York, and Henry "Cooper-Hewitt Museum of Design," Berg, Deputy Director, The Solomon R. Guggenheim Museum guests: Elaine Evans Dee, Curator of Reception for U N Delegates' Spouses Drawings and Prints; Christian Rohlfing, Curator of Collections; Dorothy Globus,
Exhibitions Coordinator, all Cooper- Hewitt Museum of Design
April 17 "Kenneth Noland," guest: Diane Wald- man, Curator of Exhibitions, The Solomon R. Guggenheim Museum, New York
May it "The Dorothy and Herbert Vogel Col- lection," guests: Mr. and Mrs. Vogel
May 18 "The Blaue Reiter," guests: Ingrid and Leonard Hutton, Leonard Hutton Gallery, New York
June 1 <; "Art Thefts, Part I," guests: Robert Volpe, Detective, New York City Police Department, Art ID Unit; Alan Baer, President, International Art Registry,
1 td.; Bonnie Barnham, Project Director, Art Theft Archive; Beth Herz, Research fj Associate, Art Theft Archive
June zz tu "Art Thefts, Part II," guests: Robert Volpe, Alan Baer, Bonnie Barnham, Beth
I lerz
June z
David Hare at David Hare Opening SITE (rerun) guests: James Wines, President and Founder, SITE, Alison Sky, Vice President and Editor of Site on Site, and Museum," guests: David Hare and Events for Members of The Society Michael Stone, Treasurer of SITE and Katharine Kuh, Critic of Associates Co-editor of Site on Site November 2 July 13 "Jasper Johns Retrospective at the Whit- "Frank Lloyd Wright," guests: Henry ney Museum," guests: David Whitney, EXHIBITION OPENINGS Berg, Deputy Director, The Solomon R. Guest Curator of the Exhibition, and January 27 Guggenheim Museum; Robert A. M. Leo Castelli, Dealer James Ensor Stern, Architect; Paul Goldberger, November 9 Architectural Critic, The New York February } "Volunteer Lawyers for the Arts" Times Recent Acquisitions guests: Michael Pantaleoni, Executive March July 20 Director; Freida Mindlin, Administrator 3 Nine Artists: Theodoron Awards "Eva Hesse," guests: Linda Shearer, (rerun) Assistant Curator, The Solomon R. April 14 November 16 Guggenheim Museum, New York, Kenneth Noland: A Retrospective "David Hare at the Guggenheim Gioia Timpanelli, poet Museum" (rerun) June 23 July 27 Klee at the Guggenheim Museum November 30 "Forty Modern Masters," guest: Thomas September 15 "Abstract Currents in Ecuadorian Art," M. Messer, Director, The Solomon R. Recent Gifts and Purchases guests: Jacqueline Barnitz, Guest Cura- Guggenheim Museum, New York Modern Masters tor; Luis Molinari, artist; Aracelli
August 3 Gilbert, artist September 29 "The Justin K. Thannhauser Collec- David Hare December 7 tion," guest: Dr. Lou'se Averill Svendsen, pre-empted October 20 Curator, The Solomon R. Guggenheim Lucio Fontana, 1899-1968: Museum, New York (rerun) December 14 A Retrospective "American Art Union at the Whitney," August 10 November 17 guest: Dr. Maybelle Mann, Critic "Connoisseurship and Collecting," Learning to Read Through the Arts guests: Arnold Glimcher, President, Pace December 21 December 15 Gallery; Vera List, Collector; Margit "Frank Lloyd Wright," (rerun) Forty Modern Masters: Rowell, Curator of Special Exhibitions, December 28 An Anniversary Show The Solomon R. Guggenheim Museum, "The Justin K. Thannhauser Collection" New York (rerun) (rerun) August 17 "The Dorothy and Herbert Vogel COLLECTORS VIEWPOINT: Collection" (rerun) VISITS TO PRIVATE COLLECTIONS August 24 October 5 "Art Thefts, Part I" (rerun) Richard Zeisler August 31 October 13 "Art Thefts, Part II" (rerun) Mr. and Mrs. Andrew P. Fuller September 7 November 9 "Frank Lloyd Wright" (rerun) Frederic Mueller
September 14 November 15
"Chaim Gross Retrospective at the J. Patrick Lannan Jewish Museum, Part I," guest: Chaim November 22 Gross Richard Brown Baker September 21 May 7 "Chaim Gross, Part II," guest: Chaim Yale Center of British Art and Studies, Gross Tour with Director, Edmund Pillsbury September 28 February 1 ? pre-empted James Ensor, Breakfast and Tour with October 12 Louise Averill Svendsen "Centre Beaubourg, Paris," guests: April 27 Michele Cone, Critic, and Jean Vallier, Cocktail Party to meet Kenneth Noland Director, Alliance Franchise December 27 October 19 Coffee Hour to meet Madame Nina "David Hare at the Guggenheim Kandinsky
1 1 1
Loans from the Collection
Foundation Borrowing Institution and Exhibition Artist Title, Date Number
Centre National d'Art et de Culture, Ceorges Braque Violin and Palette, 1 9 1 1412 Musee national d'art moderne, Paris Piano and Mandolin, 1910 1411
January 25-April 1 1 Kazimir Malevich Morning in the Village
Pret-Inaugural after Snowstorm, 19 12 132.7 Joan Miro Landscape (Hare), 192.7 1459
Centre National d'Art et de Culture, Jacques Villon The Lovers, 192.6 1357 Musee national d'art moderne, Paris Hans Hartung T-50 Painting 8, 1950 1367
June 1 -September 19 Georges Mathieu Painting, 1952 1373 Paris-New York Vasily Kandinsky Dominant Curve, 19 16 989
-(', Haus der Kunst, Munich Vasily Kandinsky Bias, 193 1 i
February 1 1 -April 17 traveling to: Museum Folkwang, Essen
April 30-July 1 1; Kunsthaus Zurich
Inly [5-September 1 X Schauplatz Deutschland
Whitney Museum of American Art, Brice Marden Grove IV, 1976 uSS New York
February 16- April 3 The i
University Art Museum, LIniversity of John Ferren Composition, 1937 228 New Mexico, Albuquerque Dwinnel Grant Illusions, 1938 845
February 27-April 3 Balcomb Greene Composition, 1940 848
American Abstract Artists I. Rice Pereira Black, White and Red, 1940 8S4 Robert Wolff Composite Image, 1940 114S Ralph Rosenborg Untitled, 1940 1172 x 276 George Shaw Plastic Triangle, n.d. 849 Werner Drewes Escape, 1941 2208
Joe and Emily Eowe Art Center, Vasily Kandinsky Woman with Muff, 1903 2002 Syracuse University Singer, 1903 2003 March 1-20 First Etching for the
Kandinsky: Graphic Works "Editions Gainers d'Art," 1 93 2 2004 Second Etching for the
"Editions Cahiers d'Art," 1 932 2005 Etching for the "Circle of Friends of the Bauhaus," 1932 2006
Etching No. 1 , 1 9 1 (> 1986.1B
Etching No. II, 1916 1986.1C
Etching No. Ill, 191'' 1986.1D Etching No. IV, 1916 1986.1E Etching No. V, 1916 1986.1F The Mirror, 1907 ,uS- "Xylographies," 1909 Knights, Birds, The Church, Birch Trees, Woman in the Woods 1841.1-5 Lady with a Fan, 1903 1958 Orange, 1923 1959 Gabriclc Miinter Portrait of Kandinsky, 1906 1014
University of I louston Vasily Kandinsky Small Worlds. No.l-V, 1912 R270.1-5
March 3- April 3 German Expressionism 2 3
Foundation Borrowing Institution anJ Exhibition Artist Title, Date Number
Cranbrook Academy of Art, Wallace Mitchcl No. I, [945 1047 Bloomfield Hills, Michigan No. 11, 194s [185 March 6-April - Untitled. 1946 ti86 Wallace Mitchell Memorial
University Art Gallery, Rutgers ( harles How ard The ( age, 1918 1031 University, New Brunswick, New Jersey March 6- April 4 Surrealism and American Art
University Art Gallery, Franz Kline Self Portrait, 11. d. 1 61 SUNY at Binghamton, New York
- March t 3 A p r i 1 18 Franz Kline
1 eonard Hutton Gallery, New York Robert l)elanna\ The City, 1911 464 March [8-May 30 The Blue Rider and Its Circle
The Oakland Museum, California Gordon Onslow-Ford Untitled. 1 941 1042 March 22-May 29 Untitled, 1944 1043 Gordon Onslow-Ford Retrospective Untitled, 1944 1045
Taft Museum, Cincinnati Vastly Kandinsky Crinolines, 1909 966 March 2.2-May 8 Best of Fifty
Birmingham Museum of Art, Alabama Egon Schiele Wachau on the Danube. 1914 1776 April 14-May 22 Austrian Art Between 1890 and
World War I
Denise Rene Gallery, New York Jacob El Hanani Untitled No. iji, 1976 22.91 April 23-May 21
Jacob F.I Hanani
Neuberger Museum, SUNY at Giorgio Cavallon Untitled, 1957 1574 Purchase, New York
May 1 -June 19 Paintings by Giorgio Cavallon
Neuberger Museum, SUNY at Franz Kline Self Portrait, n.c im: Purchase, New York September n-November 2 Franz Kline: The Early Works as Signals
Neuberger Museum, SUNY at Michael Singer Ritual Balance Study, 1974 2216 Purchase, New York September 25-December 31 Michael Singer
University of Guelph, Ontario Rolph Scarlett Untitled, n.d. R350 May 5 -June 16 Black Triangle, 1943 1096 History of Guelph Artists Composition, n.d. $57 Composition. 19^9 858 ( 'omposition, 1939 813
1 1 1
Foundation Borrowing Institution and Exhibition Artist Title, Date Number
Kunsthaus Zurich Joseph Cornel Interplanetary Navigation, 1964 1741
May i i- July 3 Malerie im Zeitalten dcr Fotografie
Contemporary Arts Museum, Houston Myron Stout Untitled, 1964 1583
May 1 5-June 30 VfyroM Stout
Pierre Matisse Callers-, New York Marc ( hagal Paris Through the Window, 191} 438
May 17- June 1 Exhibition in Honor of ( 'hagall's 90th Birthday
The Museum of Modern Art, New York Vasily Kandinsky Vamtmg No. 799 (Winter), 1914 868 June 20 Painting No. 198 (Autumn), 1914 869 Indefinite loan
The Museum of Modern Art, New York Henri Rousseau Artillerymen, ca. 1893-95 711 September 20-December 7 Football Players, 1903 1583 Loan to the Collection, The Museum of Modern \rr
Art, Paul The Museum of Modern New York Cezanne Man with Crossed Arms, ca. 1S99 1 J37
October 7, 1977-January 3, 1978 Cezanne: The Late Years
Museum of South Texas, Corpus Christi Michael Singer Ritual Balance Study, 19-4 2116
June 30-September 4 Michael Singer
Museum of Fine Arts, Houston Jean Xceron Composition 242, 193- 414 June 30-September is Albert Gleizes Brooklyn Bridge, 1917 489 Modern American Painting 1910-1940: Femand Leger Composition with Aloes, 1934-35 877 Toward a New Perspective
Westfalisches Landesmuseum, Miinstcr Antoine Pevsner Construction, 193: July j-November 30 Skulptur
University Art Museum, Audre) Flack Dutch Still Life. 1976 University of Texas at Austin AugllSt 17-September 2S New m the Seventies
I ( enter [opkins Art Galleries, Vasily Kandinksy Pointed and Round, 192s J33
Dartmouth College, ( Dartmouth, New Piet Mondri.m 'omposition, 1929 1 J47
I lampshire September 9- October 16
( 'esar Domela: ( 'instruction and Gouaches
Museum of Contemporary Art, ( ahicago Elizabeth Murray Back, [976 1313 September to November 10 A View of a Decade
' 1 1 9 — A
Foundation Borrowing Institution and Exhibition Artist Title. Date Number
Wilhelm Lehmbruck Museum, Alberto Giacometti The Nose, 1947 1807 Duishurg, Federal Republic of Germany
September 18-November 2.7 Alberto Giacometti
The Metropolitan Museum of Art, Georges Pierre Seurat The Shop, ca. 1 880-8 r 7 1 1 New York Monkey Sitting Up, 1884 715 September 18-November 27 Child in White, 188s 717 Seurat Drawings and Oil Sketches from The Clipper, 1890 -18 New York Collections Gateway, 1881-84 719 -20 Door, 1 887-90 Place de la Concorde, ca. 1882 •83 711 The Meadow, 1879-81 R108
Museo de Arte Moderna, Rufino Tamayo Woman in Grey, 19s 1563 Sao Paulo, Brazil October i-December 18 XIV Bienal
New York State Museum, Cultural Roy Lichtenstein Preparedness, 1969 1883. 1-3 Education Center, Albany Morris Louis Saraband, 1959 1685 October 8-November 28 New York: The State of Art
The Tokyo Metropolitan Museum Pablo Picasso Landscape at Ccret, 1911 538 October 15-December 9 Pablo Picasso
Blum-Helman Gallery, New York Hans Hofmann The Gate, i960 1620 October 15-December 9 Hans Hofmann
Museum of Art, Carnegie Institute, Pierre Alechinskv Disparaitre, 1959 1343 Pittsburgh
October 23, 1977-January 3, 1978 Pittsburgh International Series
Indiana University Art Museum, Vasily Kandinsky The Mirror, 1907 1987 Bloomington Poster for "First Phalanx
October 25-December 3 Exhibition," 190 [837 German and Austrian Expressionism Landscape with Factory Chimney, 1910 504 1900-1920
Elvehjem Art Center, University of Alexander Archipenko Sculpture, 1919 1331 Wisconsin, Madison Jean Dubuffet Busybody, 1972 2041 late October 1977-Mav 1978 Alberto Giacometti Statue of a Headless Woman, 1931-35 1845 Modern Sculpture From the Ellsworth Kelly White Angle, 1966 1997 Collection Guggenheim 1 1 (Guggenheim Roy Lichtenstein Modern Sculpture with Three Discs, 1 967 9 3 Museum Decentralization Program) Anstide Maillol Pomona with Lowered Arms, [937 1513 Lucas Samaras Stiff Box No. iz, 1971 1965 - Ernest Trova Wheel Man, 1965 1
Grunebaum Gallery, New York Asger Jorn Green Ballet, i960 1608 November i-December 5 Asger )orn: The Crucial Years, 1954-64
t5 Foundation Borrowing Institution and Exhibition Artist Title, Date Number
Louis K. Meisel Gallery, New York Charles Bell Gum Ball No. 10, Sugardaddy, 1975 Z14: November 5-16
( harles Bell
Edmonton Art Gallery, Alberta, Canada Adolph Gottlieb The Red Bird, 1944 1172 x 515 November 11 -December 18 Augury, 1945 1172 x 516 Adolph Gottlieb Pirtographs
The Bronx Museum of Art, David Siqueiros Figure, 1935 1172 x 187 New York November 15 -December 30 Images of Horror and Fantasy
Corcoran Gallery of Art, Howard Mehring In the Key of Blue II, 1 956 T823 Washington, D.C.
December 1, 1977-January 22, 1978 Howard Mebring
Houghton Gallery, Cooper Union, Audrey Flack Dutch Still Life, 1976 2270 New York December 12-22 Alumni Exhibition
Josef Albers, Study for Homage to the Square: "Cooling," 1961
[6 2 2 "
Acquisitions
GIFTS Sonia Delaunay Jasha Green
1 No. 870 Colored Rhythm Paris, 1959 Maquette to Floor Kite No. , 1976 Josef Albers
1 Gouache on paper, 29% x 21%" Painted steel, 28 2 x 26 x 1 Study for Homage to the Square, 1 9S^ Mr. and Mrs. Herbert C. Bernard 2382 Oil on panel, 24 x 24" 2301 and studies Anni Albers and The Josef Albers Treatment No. 1, 1976 Foundation, Inc. Sonia Delaunay Gouache on paper, 22 x 29V2" 2-339 No. 1601 Color Rhythm, 1969 2383 Gouache on paper, 23% x 19" Josef Albers Treatment No. ?, 1976 Mr. and Mrs. Herbert C. Bernard Study for Homage to the Square: Gouache on paper, 21 Y, x 2.9V2" 2302 "Cooling" 1 961 2384 Oil on panel, 24 x 14" Wilmino Domond Drawing to Treatment No. 11. 1976 Anni Albers and The Josef Albers Washer Women, i960 Charcoal and acrylic on paper, Foundation, Inc. Oil on pressed board, 15% x 31'/:" 22x29 y, 2340 Mr. and Mrs. Morton Ostow 2385 2380 Draining to Treatment No. 10. 1976 Josef Albers Charcoal and acrylic on paper, Study Homage to the Square, Wilmino Domond for 1962 22x29%" Oil on panel, 24 x 24" Mardi Gras-jacmel, 1973 2386 Anni Albers and The Josef Albers Oil on pressed board, 24 x 48^" Dr. Emanuel Friedman Foundation, Inc Mr. and Mrs. Morton Ostow 2341 2381 David Hare Cronus Mad, 1968 Larry Bell Walter Dusenbery Acrylic and collage on pressed wood, Phantom, Untitled, 1969 1972 8" 64% x 4 Glass and stainless steel, 20 x 20 x 20"; White ami carrara marble, Hamilton Gallery of Contemporary Art, " plexiglass base, x x 102 x 8 x 3V2") pietra serena base, 40% 24V2 24*4 New York American Art Foundation 61/4 X23V2X23I/2" 2323 2318 Mr. and Mrs. Jack Weintraub 2321 David Hare Berthot Jake Untitled, 1977 El Split, Jacob Hanani 1974 Silkscreen, 30% x 21V2" Untitled No. 171, 1976 Oil on canvas mounted on board, The artist x 48" Ink and liquitex gesso on canvas, 5 6% 2-333 Anonymous 7* x 7iVg" and George Jaffin Augustine Ibattola 2326 Janet M. 2291 PA. 18, n.d. Genevieve Claisse Oil on canvas, 57 x 4s" Lucio Fontana Composition, 1959 Mr. and Mrs. Herbert C. Bernard Spatial Conception, Expectations (Con- Oil on canvas, 39-% x 31%" 2304 cetto Spaziale, Attese), S9 T 133, 1959 Mr. and Mrs. Herbert C. Bernard Waterbase paint on canvas, 49)8 x 98%" Norman Ives 2299 Mrs. Teresita Fontana Composition, 1969-70 Alan Cote 2322 Liquitex on canvas, 45% x 45Vk" Measuring the Depth a Shape, Mr. and Mrs. Herbert C. Bernard of 1977 Llyn Foulkes Conte bisque and gouache on paper, 2300 Three, 1977 31X22V2" 2 panels: mixed media, 29V2 x 29% x Po Kim The artist, through the Creative Artists sVa"\ painted wood, 9 x 7% x %" Stacked Plums, 1977 Public Service Program Anonymous Colored pencils on paper: mat window, 2319 2295. 1-. 11x15 1/2" Constance Kane Miodrag Dado Mathias Goeritz Montjavou.lt, 2387 1976 Message No. 10, 1959 Oil on canvas, 2 panels, each Nail construction on board, Ron K lee man 1 " /4 x 9 8y8 59 19% x 47 x 5" Cantankerous, 1973 Julian Aberbach and Joachim Jean J. Mr. and Mrs. Herbert C. Bernard Lithograph on paper, 23% \ 33V2" Aberbach 2303 Dr. and Mrs. Samuel S. Mandel 2320. 1-. 2330 Arshile Gorky Allan D'Arcangelo Untitled, 1943 Karl Knaths Landscape(s) S5, 1969 Wax crayon and pencil on paper, Tide Out, 1962 Acrylic 68" on canvas, 76 x 20x26%" Oil on canvas, 40 x y ' .." Susan Morse Hilles Rook McCulloch Drs. James and Nina Rudel 2317 2332 2324 ~ y 1
Oskar Kokoschka Woman, n.d. Pencil on paper: mat window, 10I/2 x 71/2" Mr. and Mrs. Morton Ostow 1388 Alexander Liberman Sixteen Ways, 195 Oil and enamel on masonite, 50 x 113" Francine and Cleve Gray
2-335
Alexander Liberman Tilt, 1967 Steel, 50 x 68 x 68" Anonymous 2376
Roy Lichtenstein Untitled, 1969 Lithograph on paper: image, 23"; sheet V " diameter, 28 8 x 28 H The artist 2305
Richard Lindner Arshile Gorky, Untitled, [943 The Secret, i960 Oil on canvas, 50 x 40" Joachim Jean Aberbach 2-397
Conrad Marca-Relli Composition, n.d. Oil on canvas, 19% x 23" Mr. and Mrs. Morton Ostow 2389
Joan Mitchell Sunflower 11, 1969 Oil on canvas, 112 x 78%" Elizabeth and Jonathan Greenburg 2327
George L. K. Morris Elegy on the Pennsylvania Station, 1963 Oil on canvas, 30 x 36" Mr. and Mrs. Morton Ostow 2390 Kenneth Noland Coal, 1977 Acrylic on canvas, 59 x 84%" The artist 2328 Toshinobu Onosato A-10, 1958 Oil on canvas, 25 V6 x 35%" Mr. and Mrs. Herbert C. Bernard 2297
Richard Pousettc-Dart
Golden Blue Scroll No. 3, 1958 Oil on canvas, 48 x 36" Mr. and Mrs. Frederick E. Ossorio
Richard I indnei - /, i960 2-337 iS 1
Auguste Rodin [oaqui'n I orres-Garcfa A fractional interest in the works Heroic Bust of Victor Hugo, 1887 Composition, 19^8 listed below was deeded to The Solomon Bronze, 28 x 2} x 2^"; marble base, Gouache on cardboard, ',2 \ 59%" R. Guggenheim Museum by Mrs.
?5 x 13 x -V" Mr. and Mrs. Walter N. Pharr Evelyn Sharp Cantor Art Foundation B. G. 2-395 Fernand Leger 2391 Esteban Vicente Starfish, 1942 - Oil on canvas, 58 x 50" Dieter Rot Space and Time, 19 1 Collected Works of Dieter Rot Oil on canvas, 60 x 80" Fernand Leger
Boxed set of 20 volumes, edition Mrs. 1 farriet Vicente in memory of Builders with Rope, 19^0 Hansjorg Mayer, 1966-72 Alison Peters Oil on canvas, 63V2 x 44 V Mixed media paper, mounted on top on 2338 Joan Miro of box, x 9%" 9% The Flight a Bird over the Plain 111, Sylvia Wald of The Martin S. Ackerman Foundation July Season's Poem, r.976 1939 1399.1-.2] ] 1 Oil on burlap, t,s ', x ;" Collage mounted on pressed board in 4s
8 1 '%" 1 udwig Sander plexiglass case, 3 14 x 22% x 4 Joan Miro Untitled, 1963 Constance Kane Woman in the Night, March 1, 194s Acrylic on canvas, -8 x 72" 2396 Oil on canvas, 51^ x 63%"
Mr. and Mrs. A. I. Sherr -33
Paul Sarkisian Untitled, 1973 Lithograph on paper, 34 x 24" Dr. and Mrs. Samuel S. Mandel 2329
Antonio Segui Mountainous Landscape, 1969 Oil on canvas, 76% \-(> V Mr. and Mrs. Charles Goldsmith 2296
Jack Smith Up and Down No. 2, 1962 Oil on canvas, 35% x 35 1 2" Mr. and Mrs. Herbert C. Bernard / 2298
Kurt R. H. Sonderborg June 9-61, 23:03-25:27, 1961 Oil tempera on linen synthesized paper, 43 x 28" Mr. and Mrs. Arnold Picker 2306
Jesus Rafael Soto Grey and Silvery Stalks, 1974 Painted wood, nylon cord, metal rods, iC\ \ ir, x 6" Anonymous 2391
Pierre Tal t oat Untitled, n.d.
Charcoal on paper, 18% x 24 1 A" Marjo and Robert D. Graff
2-393
Pierre Tal Coat Untitled, n.d.
Charcoal on paper, 18% x 24 > _>" Marjo and Robert D. Graff
2-394 Auguste Rodin, Heroic Bust of Victor Hugo, 1887
[9 PURCHASES WITH DONATED FUNDS Zigi Ben-Haim
O. S. No. 17, 1977 Newsprint on cheesecloth, 54 x 54" Dr. Irving Wladawsky-Berger 1378 Agnes Martin Untitled No. 74, 1977 India ink, graphite, gesso on canvas, 72 x -2" Mr. and Mrs. Dannheisser 2336 Louise Nevelson luminous Zag: Night, \<)-;\ 5 Painted wood: 105 boxes, each i6 /g x
i2%xio3/4 "; total size, 120 x 193 x 10%" Mr. and Mrs. Sidney Singer 2325
PURCHASES WITH THE AID OF FUNDS FROM THE NATIONAL ENDOWMENT FOR THE ARTS WASHINGTON, D.C., A FEDERAL AGENCY Lee Krasner Past Continuous, 1976 Collage of charcoal drawings on paper 72", on canvas, 3 panels: 72 x 48", 72 x 72 x 60"; total size: 72 x 108" Matching Gift: Anonymous 2334.1-.3 Richard Diebenkom Ocean Park No. 96, 1977 Oil on canvas, 93 x 85" Matching Gift: Mr. and Mrs. Stuart M. Speiser and Louis and Bessie Adler Foundation, Inc., Seymour M. Klein, President 2307
Richard Diebenkom, Ocean Park No. 96, 19— PURCHASES Paul Klce Hat, Lady and Little Table, 1932 Oil with watercolor on gesso-primed burlap, 25 x 14" In exchange for a group of works on paper 2292 Rufino Tamayo Dancer, 1977 Oil on canvas, 68V2 * 54%" 2398 —
Lee Krasner, Past Continuous, 1976
Paul Klee, Hat, Lady and Little Table, [932 Rufino Tamayo, Dancer, 19 The Society of Associates
The Guggenheim is grateful to this group of friends of I. LIFE MEMBERS
the Museum for their interest and support. Special events Mrs. Andrew P. Fuller are organized tor members of The Society of Associates Mrs. Bernard F. Gimbel Mrs. Peggy Guggenheim to participate in the Museum's activities. These include Mrs. Samuel I. Rosenman behind-the-scenes tours, private preview parties, special Mrs. Leo Simon
social and cultural events, curator-led tours of Museum Mr. S. H. Scheuer exhibitions, meetings with Museum trustees and the Mrs. Justin K. Thannhauser Director, access to the Museum's library and the new
Aye Simon Reading Room, which houses current art II. ASSOCIATES periodicals. In addition, Associates have the opportunity Mr. and Mrs. Harry N. Abrams
to visit important private collections and enjoy special Ruth Abrams William Acquavella privileges at selected museums abroad. Mr. and Mrs. Archibald S. Alexander Mr. and Mrs. Hale R. Allen Arthur G. Altschul American Airlines Paul Anbinder Carl Andre Mrs. Hans Arnhold Mr. and Mrs. Henry H. Arnhold Celia Ascher Dr. Arthur Ashman Lucille Bunin Askin Atlantic Richfield Foundation Mr. and Mrs. Lee A. Ault Sarah G. Austin Joan Avnet Mr. and Mrs. Jacob Baal-Teshuva Richard Brown Baker Manuel H. Barron Mr. and Mrs. Edwin A. Bergman Mr. and Mrs. Morris H. Bergreen
Mr. and Mrs. Leonard H. Bernheim, Jr. Mrs. Charles A. Berns H. Jerome Berns Mrs. Robert M. Bernstein Dorothy M. Bcskind Mr. and Mrs. Joseph S. Blank Mr. and Mrs. Donald Blinkcn Mr. and Mrs. Leonard Block Blum Helman Gallery, Inc. Rene Bouche Mrs. Harry Lynde Bradley Mr. and Mrs. Warren Brandt George Braziller Mrs. Sol Brodman Mr. and Mrs. Eugene Brody T**Jiri Peter A. Brown Mr. and Mrs. Hugh Bullock Christopher Burge Mr. and Mrs. Jacob Burns Mr. and Mrs. B. Gerald Cantor Joseph Cantor Mr. and Mrs. Leo Castelli Margit W. Chanin
C h.ise Manhattan Bank Art Program Michael N. Chctkovich ^i Mr. and Mrs. Charles D. Clark Mr. and Mrs. Arnold S. Cohen Mr. and Mrs. William T. Golden Mr. and Mrs. Oscar Kolin
Mr. and Mrs. Wilfred P. Cohen Mr. and Mrs. Herbert J. Goldfrank Mr. and Mrs. Franklin Kolodny
Mr. and Mrs. Sylvan Cole, Jr. Lawrence J. Goldrich Mr. and Mrs. Ralph Konheim Mr. and Mrs. Ralph R. Colin Ronald Goldsand Samuel M. Kootz
Sydney M. Cone, III Hugo L. Golin Mr. and Mrs. John W. Kunstadter William N. Copley Mrs. Joshua A. Gollin Nanette L. Laitman Mr. and Mrs. Gardner Cowles Dr. and Mrs. Robert A. Good Mr. and Mrs. Jeff de Eange
Nathan Cummings Mark Goodson |. Patrick Lannan Mrs. Richard W. Dammann Mr. and Mrs. Leo Gottlieb Mr. and Mrs. Joseph H. Lauder Mr. and Mrs. Werner Dannheisser Katharine Graham Mr. and Mrs. Leonard Lauder Dr. and Mrs. Morton Davidson Helen Grant Dr. Harold Laufman Mr. and Mrs. Walter Davis Bette Greenblatt Mr. and Mrs. Raymond Learsy Elizabeth De Cuevas Jerome L. Greene Mr. and Mrs. Joseph Lebworth Kurt B. Delbanco Thomas Grueneb.uim Mr. and Mrs. John Lefebre
Francois De Menil Graham D. Gund N. J. Leigh Mrs. John De Menil Edna P. Gurewitsch Lore and Jacques E. Lennon Mr. and Mrs. Vincent B. DePrima Mr. and Mrs. John H. Gutfreund Jacques Leviant Sidney Deutsch Herbert Haiti Mr. and Mrs. Noel Levine Mr. and Mrs. Aaron Diamond Mr. and Mrs. Nathan L. Halpern Dr. Marjorie Lewisohn
Mr. and Mrs. Harold Diamond Victor J. Hammer Mr. and Mrs. Roy Lichtenstein Mr. and Mrs. Charles M. Diker Mr. and Mrs. Gordon A. Hardy Mary Lieberthal Mr. and Mrs. C. Douglas Dillon Joseph H. Hazen Mrs. Jack Liebowitz Mr. and Mrs. Henri G. Doll Mrs. Ernest Hemingway Mr. and Mrs. Joseph Linhart
John T. Dorrance, Jr. Mr. and Mrs. Trumbull Higgens Mr. and Mrs. Robert E. Linton
William F. Draper Samuel L. Highleyman, III Mr. and Mrs. Howard W. Lipman Victor M. Earle, III Susan Morse Hilles Mr. and Mrs. Albert List Mr. and Mrs. Frederick Eberstadt Mrs. Alex Hillman Mr. and Mrs. Richard Mayer Livingston Mrs. William C. Edwards Kay Hillman Mr. and Mrs. Lee Lombard Mr. and Mrs. Joel S. Ehrenkranz Mr. and Mrs. Eliot P. Hirshberg Mr. Stanley Love Mr. and Mrs. Herman Elkon Mr. and Mrs. Joseph H. Hirshhom Mr. and Mrs. Henry Luce, III
Robert Elkon Mr. and Mrs. Dustin Hoffman J. E. McCrindle Mr. and Mrs. George M. Elvin Mr. and Mrs. Edwin Hokin R. H. Macy and Company
Mrs. Allan D. Emil William J. Hokin Macmillan Foundation
Mr. and Mrs. Arthur D. Emil Mr. and Mrs. Morton J. Hornick Joan van de Maele Andre Emmerich Use C. Hulse Mr. and Mrs. George A. Mailloux, Jr. Marjorie L. Falk Mrs. Kenneth A. Ives Dr. and Mrs. Barnett Malbin
Joseph Famolare, Jr. Martha Jackson Gallery Mr. and Mrs. E. A. C. Manton
Maurice and Carol J. Feinberg Mr. and Mrs. William K. Jacobs, Jr. Marlborough Gallery, Inc. Mr. and Mrs. Irving Feist Mr. and Mrs. Steven M. Jacobson Mr. and Mrs. William A. Marsteller Mr. and Mrs. Donald M. Feuerstein Mr. and Mrs. John R. Jakobson Pierre Matisse
Marilyn Fischbach Mr. and Mrs. Morton L. Janklow Samuel P. Metzger, III
Candace Fischer Sidney Jarcho Mr. and Mrs. Mark J. Millard Mr. and Mrs. Zachary Fisher Mr. and Mrs. Dan R. Johnson Mr. and Mrs. Robert P. Miller Mr. and Mrs. David Fogelson Philip C. Johnson Janet Moller
Xavier Fourcade Mrs. F. Bertram Jordan, Jr. Edward M. Monserrate Muriel B. Francis Dr. and Mrs. Arthur E. Kahn Mr. and Mrs. William Morris Mr. and Mrs. Hans Frank Mrs. Robert Kalver Mr. and Mrs. Stanley Moss
Mr. and Mrs. Sandy Frank Mr. and Mrs. Jacob M. Kaplan Mr. and Mrs. Edmund W. Mudge, Jr. Robert Freidus Jacques Kaplan Mr. and Mrs. Winthrop R. Munyan Mrs. Charles K. Friedberg Mr. and Mrs. Robert Kardon Mrs. Benjamin H. Namm
Mr. and Mrs. B. H. Friedman Mr. and Mrs. Irving D. Karp.is, [r. Mr. and Mrs. David Nash Mrs. Tassilo von Furstenberg Dr. A. Kasapman Mr. and Mrs. Roy R. Neuberger Mrs. Eliane Ganz Hilde Kaufman Hans Neumann
Mrs. Eugene L. Garbaty Mr. and Mrs. Thomas F. Kearns, Jr. Mrs. Morris Newberger Mrs. Charles Gilman, Sr. Mr. and Mrs. Stephen M. Kellen Carl A. Newlin
Mr. and Mrs. Charles Gilman, Jr. Mr. and Mrs. Milton A. Kimmelman George C. Newlin Howard Gilman Mr. and Mrs. Seymour M. Klein John B. Newlin Mrs. Louis S. Gimbel, Jr. M. Knoedler and Company Annalee Newman Arnold S. Ginsburg Monique Knowlton Dorothy Norman Arnold Glimcher Sevmour H. Knox Mr. and Mrs. Braham Norwick
2-3 l
Sylvan Oestreicher Mr. and Mrs. C. Sidamon-Eristoff III. JUNIOR ASSOCIATES Mr. and Mrs. Donald Oresman Mr. and Mrs. Jerome A. Siegel Mr. and Mrs. Robert M. Batscha Mr. and Mrs. Albert Otten Herman E. Simon Jamie Beck Dr. and Mrs. Joseph Palamountain, Jr. Mr. and Mrs. Pierre F. Simon Joan Bradley Mr. and Mrs. William S. Paley Frank Sinatra Edmund Carpenter Dr. and Mrs. Russel I I. Patterson, Jr. Mr. and Mrs. Sidney Singer Jon Carsman John F. Peckham Mr. and Mrs. Sidney Singer, Jr. John Maurice Clair Mr. and Mrs. Klaus G. Perls Mr. and Mrs. Stephen Singer Mr. and Mrs. Timothy R. V. Foster Mr. and Mrs. Hart Perry Mrs. J. Scott Smart Stephen A. Geiger Sidney Mr. and Mrs. lino Perutz R. Solomon Peter H. Goodstein Elizabeth Peterfreund Mr. and Mrs. Nathan Smooke Chryss J. Coulandris Mr. and Mrs. Max Pint- Mrs. (). L. Spaeth Frederica T. Harlow Ira Spanierman Ned Pines Paul L. Herring Silvia Pizitz Joel Spira Hoffer Kaback Mrs. Robert Spit/cr Marilyn Pearl Platnick Mr. and Dr. Paul A. Kricger George W. Staempfli Mrs. E. (.. Poindexter Mr. and Mrs. Oerritt L. Lansing Charles R. Pollack Mrs. McFadden Staempfli Mr. and Mrs. Jonathan S. Lowe- A. Steinbach Mr. and Mrs. Leon Polsky Ruth Mr. and Mrs. Thomas K. McNeil
Mrs. |ack I. Poses James O. Stepp Mr. and Lydia P. Mannara Mr. and Mrs. Meyer P. Potamkin H. Peter Stern Louis and Susan Meiscl Mr. and Mrs. Anthony R. P. Pratley Mr. and Mrs. Jerome L. Stern Marcos-Luis Mercado Pulitzer, [r. Stewart Mr. and Mrs. [oseph Andrew Alexander F. Milliken Mr. and Mrs. Murray Rafsky Mrs. Donald S. Stralem Mrs. H. Paul Moore Mrs. Straus Harvey W. Rambach Mr. and Donald Carol E. Morgenstern Rattner Oscar S. Straus, II George S. Jon Alan Nagel Dotothv H. Rautbord Oscar S. Straus, III Peter Ollendorff Mr. and Mrs. Thomas Reed, Jr. Mrs. Roger W. Straus Mr. and Mrs. Edward O'Reilly Reiner Mr. and Mrs. Jules Roger W. Straus, Jr. Mr. and Mrs. William B. Pall Reis Carroll Dormer Stuchell Mr. and Mrs. Bernard J. Dr. Sheldon Peck Suslow Denise Rene- Robert J. Joanne Selt/er Rockefeller Mr. and Mrs. David Mrs. S. E. Sussman Barbara Dana Tollis Mr. and Mrs. Laurance S. Rockefeller Mrs. Charles D. Tandy Mr. and Mrs. Michael Wade Mr. and Mrs. Nelson A. Rockefeller Mr. and Mrs. Martin B. Tepper Lee Spear Webster Mr. .\nd Mrs. Richard Rodgers Mr. and Mrs. Charles H. Thieriot Sandra R. Weisband Mr. and Mrs. A. A. Rosen Jack Tilton
Alex J. Rosenberg Mr. and Mrs. Paul Tishman
Mr. and Mrs. Edward J. Ross Towson State University Gwendolyn F. Rothschild Dr. and Mrs. C. T. Tsitsera Mrs. Herbert M. Rothschild Alice Tully
Mr. and Mrs. Robert F. Rothschild Mr. and Mrs. Senen Ubina Arthur Rnbloff Mr. and Mrs. Cerrit Van de Bovenkamp Mrs. Albrecht Saalfield Mrs. Prances H. Vicario Serge Sabarsky Dorothy Crote Voss A. M. Sachs Mr. and Mis. William C. Wallstein Mr. and Mrs. Daniel Saidenberg May E. Walter Arnold Saltzman Paul F. Walter
Mr. and Mrs. Louis R. Santini Mrs. Thomas J. Watson, III A mo D. Schefler Leigh R. Weiner
Mr. and Mrs. Herbert I). Schimmel Mr. and Mrs. Robert F. Welsh Mr. and Mrs. Norman Schneider Justin Winter Mr. and Mrs. Rudolph B. Schulhof Mr. and Mrs. Howard Wise Jacob Schulman Mr. and Mrs. Bagley Wright Margarete Sclmlt/ Ayala /acks Mr. and Mrs. S. A. Seaver Mr. and Mrs. Charles Zadok
Mr. and Mrs. Martin I Mr. and Mrs. Caiman J. Zamoiski, [r. 'del ick B. Server Mrs. Guri Zeckendoi
Evelyn Sharp Richard S. Zeisler Mrs. Richard Shields William Zierlcr Richard Shields Arlvn Zimmerman Fred Shure
• f Corporate Memberships
Alcoa Foundation American Broadcasting Companies, Inc. American Telephone and Telegraph Company Ashland Oil, Inc. Bankers Trust Company CBS Inc. Citibank, N. A. Consolidated Edison Company of New York, Inc. Exxon Corporation
Fluor Mining and Metals, Inc. General Felt Industries Harry Frank Guggenheim Foundation W. R. Keating and Company Lincoln Savings Bank Manufacturers Hanover Trust Company McGraw-Hill, Inc. Mossman Charitable Trust National Distillers and Chemical Corporation New York Telephone New York Times Company Foundation, Inc.
The N. Y. B. F. S. Foundation Newsweek The Prudential Foundation RCA Reliance Group, Inc. Rolling Stone Time Inc.
Warner Communications Inc. Westvaco Foundation
*5 I Donors of Money and Securities Challenge Grant
Amax Foundation Inc. During 1977 The Guggenheim Museum applied tor a Laura Carpenter Challenge Grant to the National Endowment for the Arts Chubb Corporation in Washington, D.C., a Federal Agency. In the fall of 1978 William Copley an award to the Museum of $1 million was announced. Mr. and Mrs. Barrie M. Damson Dannheisser Foundation The Guggenheim is one of only three cultural institutions grant 1 won Corporation and the single museum in the country to receive a
Fontana Foundation of this magnitude in this year. The award is a central part Fuller Foundation of the Guggenheim's Half-Century Fund drive, a major Graham Gund campaign mounted to raise $20 million for the Museum's Hastings Foundation operating expenses, acquisition program, endowment John S. Hilson Gloria Kirby and eventual building expansion. Mr. and Mrs. Peter O. Lawson-Johnston Each new dollar received by the Museum starting
I earning to Read Through the Arts December 19, 1 977, counts toward the three to one- Foundation matching requirements. All monies must be raised by Mr. and Mrs. Frank R. Milliken Mobil Corporation December 31, 1980, to fulfill this goal. We hope that the Morgan Guaranty Trust Company incentive provided by this Challenge Grant will lead to Rambach Company contributions from new sources and encourage those Esther A. Simon Charitable Trust already committed to helping the Museum to increase Sidney Singer, Jr. their support. Sony Corporation of America Foundation, Inc. The Development Office would be pleased to confer Sperry and Hutchinson Company with persons about gifts or bequests of money or works Foundation Tebil of art to the Guggenheim Museum.
For more information about how your gift can help
the Guggenheim Museum, write or call the Development Office, The Solomon R.Guggenheim Musum, 107J Fifth
Avenue, New York, New York 10028 (212.) 860- 1 566. Grants
CORPORATE GRANTS Exxon Corporation for Young American Artists: 1978 Exxon National Exhibition Mobil Corporation for free Tuesday evenings
GOVERNMENT GRANTS National Endowment for the Arts, Washington, D.C. National Endowment for the Humanities, Washington, D.C. National Museum Act, Washington, D.C. New York State Council on the Arts
-" Trustees Staff
Peter (). L..n\ son- Johnston, President Thomas M. Messer, Director David Mortensen, Carpenter H. Harvard Arnason Henry Berg, Deputy Director Jack Lennard, Carpenter
" Joseph W. Donner Susan L. Halper, Executive Assistant Temporary : Mason Welch Gross Vanessa Jalet, Secretary to Mr. Messer John Hilson
Eugene W. 1 cake Frank R. Milliken CURATORIAL BUSINESS A. Chauncey Newlin Louise Averill Svendsen, Curator Agnes R. Connolly, Auditor Mrs. Henry G. Obre Diane Waldman, Curator of Exhibitions Kurt Struver, Business Officer The Right Honorable Pari Margit Rowell, Curator of Special Katherine W. Briggs, Information Castle Stew art Exhibitions Darrie Hammer, Information Albert E. Thiele Angelica Zander Rudenstine, Railey Macey, Business Assistant Michael F. Wettach Research Curator Elizabeth McKirdie, Business Assistant Linda Konheim, Curatorial Sales Administrator Charles Hovland, Bookstore Supervisor Linda Shearer, Assistant Curator Roland Carroll Carol Fuerstein, Editor Kay Hines Vivian Endicott Barnett, Researcher James O'Shea Mary Joan Hall, Librarian Runya Margulies Ward Jackson, Archivist Brooks Parsons Marion Assistant Librarian Wolf, Rebecca Reitz, terminated September Susan Ferleger, Curatorial Assistant Cafe at the Guggenheim Philip Verre, Curatorial Assistant Philip Almeida, Manager Clair Zamoiski, Curatorial Assistant Don Buffamcnto, terminated September Eunestine Bryant PUBLIC AFFAIRS Rosemary Faella Jean-Pierre Laroussc Mimi Poser, Public Affairs Officer Miriam Emden, Membership Raymond Minadeo, terminated Department Head September Richard Minadeo Susan Hirschfeld, Public Affairs Andre Norelus Coordinator Robert Turner
DEVELOPMENT Jane E. Heffner, Development Officer BUILDING Carolyn Porcelli, Development Associate Peter G. Loggin, Building Superintendent Maintenance
TECHNICAL Guy Fletcher, Jr., Assistant Building David Roger Anthony, Technical Officer Superintendent Elizabeth M. Funghini, Associate Clifton Ames Registrar Anthony Carlucci Cheric A. Summers, Associate Registrar John Dunn Jack Coyle, Assistant Registrar Etzer Fiote Gorgodian Orrin H. Riley, Conservator Edward Luis Lopez Lucy Belloli, Associate Conservator McAuliffe, terminated February Dana L. Cranmcr, Technical Manager Madge Robert E. Mates, Photographer Muharcn Mujezic Mary Donlon, Assistant Photographer John Raynor Lola Fiur, Photography Coordinator William Smith, Jr. Saul Fuerstein, Prcparator Anna Szalaiko James Colby, Preparation Security
William Smith, Sr., Preparation Charles F. Banach, 1 lead Ouard Scott A. Wixon, Operations Coordinator Elbio Almiron, Assistant Head Guard Takayuki Amano, Operations* Joseph Tomlinson, Assistant Robert (nates. Operations'' Head Guard Stephen Fschncr, Operations Laura Beany
Anthony Moore, Operations I lancfi Bieli Steven Norton, Operations Mane Bradley Mark Smith, Operations Oscar Campa
18 Staff Professional Associations and Publications
Robert de Candido, terminated June Thomas M. Messer Margit Rowell Marie Doyle Chairmanships or Presidencies Vice President, American Section, Enrique Gonzalez Committee on International Exhibitions, International Art Critics Association Francis Gregory Washington, D.C. (AICA) Donna Jimenez Future Directions Committee, Executive Committee, International Michael Kozlowski Association of Art Museum Directors Committee for Museums and Carlos Machievello (AAMD) Collections of Modern Art (< IMAM) Eric McDougall International Committee for Museums Luis Fernando Morales and Collections of Modern Art, Angelica Zander Rudenstine Genevova Munoz International Council of Museums, Porter Prize Selection Committee, Argemiro Otero CIMAM-ICOM (through June [977) College Art Association Michael Owens The MacDowell Colony (from August Selection Panel, National Endowment Angel Pacheco '977) for the Humanities, Fellowships in Frederick Perron Trusteeships Art and Architecture Gladys Reed American Arts Alliance, Patricia Scheiner Washington, D.C. Linda Shearer Joseph Vilanova Association of Art Museum Directors Ricardo Voldivia Lecturer, School of Visual Arts, (AAMD) (through June Marion Yost 1977) New York President 1974-1975 William Zabielski Center for Inter-American Relations, Dana Cranmer New York Lecturer, School of Visual Arts, International Committee for Museums New York and Collections of Modern Art, International Council of Museums, Jane Heffner CIMAM-ICOM (from July 1977) Lecturer, Adelphi Arts Management Panels and Committees Program, New York Ethics Committee, American Association of Museums, Washington, D.C. Board of Visitors, School of Visual Arts, Boston University Friends of Centre Georges Pompidou, Paris Visiting Committee on Art Museums and Fine Arts Department, Harvard University Art Advisory Committee, Institute of International Education, New York Advisory Panel to the Commissioner, Internal Revenue Service, Washington, D.C. (through spring 1977) Museum Advisory Panel, National Endowment for the Arts, Washington, D.C. (through spring 1977) Fine Arts Committee, New York Health and Hospital Corporation, Inc., New York Port Authority
Henry Berg
Educational Projects Advisory Committee, Museums Collaborative, Inc.
Diane Waldman
Curator of Willem de Kooning Drawings, School of Visual Arts, New York, October Joseph Cornell, New York, George Braziller (published in English and French)
-" Auditor's Report
To the Trustees of The Solomon R. Guggenheim Foundation Balance Sheet The Solomon R. Guggenheim Foundation, New York, N.Y.:
We have examined the balance sheet of THE SOLOMON' ASSETS: R.GUGGENHEIM FOUNDATION as of December 31, 1977, and the related statement of support, revenue, expense, capital additions and changes in fund balances for the year then Cash ended. Our examination was made in accordance with gen- Investments (Note 3) erally accepted auditing standards and, accordingly, included Receivables: such tests of the accounting records and such other auditing Dividends and interest procedures as we considered necessary in the circumstances. Grants In our opinion, the aforementioned statements present Pledges fairly the financial position of The Solomon R. Guggenheim Securities sold Foundation at December 31, 1977, and the results of its Other operations and changes in fund balances for the year then Art collection (Notes 1 and 4) ended, in conformity with generally accepted accounting Inventories, at lower of average cost or market principles which, except for the change, with which we Property and equipment, net of depreciation (Note 5) concur, in the method of valuing the art collection as described The Solomon R. Guggenheim Museum in Note 1 to the financial statements, have been applied on a Palazzo Leoni basis consistent with that of the preceding year. Prepaid expenses
Total assets Coopers & Lybrand
New York, New York July 24, 19-S LIABILITIES AND FUND BALANCES:
Payables: Accounts payable and accrued expenses Securities purchased
Deferred income (Note 2): Grants Donations Other Fund balances
Total liabilities and fund balances
See notes to financial statements.
}0 December ji, 197-/
Current Fund
Quasi- End owment Plant Operating Rcstri cted Endowment Total Fund Fund Total
($172,946) $18,000 ($154,946") $ 94 1 ,4<>6 $ 100,000 $ 786,520
$53 12-5 7 5 ,0 1 2 68,137 12 ,859,199 100,12s 13,027,461
I59,2-I2 In9,1I2
211,469 ir 1,469 1 1 1 ,469 3},OOO 33,000 33,000 21,098 21,098 2T,098
113,055 " 3.05 5 113,055
1 303,989 303,989 ^0^,989
4,504,667 4,504,667
N 44.09 I 544,091 68,889 68,889 68,889
$583,669 $53 ,12.5 $87,IIO $-2^,904 Si3 ,800,665 $5,248,883 $19,773,452
$175,668 $175,668 $ 175,668
$ 400,375 $ IOO, T2n S 00, 5 00
293,430 2.93,430 293-43° Snn.hs $23,000 -6,1 25 100,000 176,12.5 13,746 13,746 13,746 100,825 64,110 164,935 13,400,290 5,048,758 18,613,983
Sv^,6f,9 >53,i2.5 $87,110 $723,904 $13,800,665 $5,248,883 $19,773,452
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Statement of Support, Revenue, Expense, Capital Additions and Changes in Fund Balances
Support and revenue: Exhibition fees and other service income Admissions Membership fees
Grants, donations and gifts (Notes i, 2 and 4) Investment income Net realized (loss) on sale of investments Auxiliary services: Restaurant Catalogues and merchandise operations
Total
Expenses: Museum operation: Salaries and fringe benefits Maintenance and guard service Materials and supplies Packing, shipping and storage Insurance Telephone and utilities Depreciation Accession of art for collection, net
of deaccessions (Note 4) Other
Total museum operation expenses
Supporting services: Management and general Fund raising Cost of sales and expense of auxiliary activities: Restaurant Catalogues and merchandise operations
Total
Excess (deficit) of support and revenue over expenses before capital additions ....
Capital additions:
Gifts and grants (Note z) Net realized gain on sale of investments
Total
Excess (deficit) of support and revenue over expenses after capital additions
Fund balances, beginning of year as previously reported . .
Adjustment for change in accounting method (Note 1) .
I und balances, beginning of year as restated
Property and equipment acquisitions from
current fund (Note 7)
Fund balances, end of year
See notes to financial statements.
5* for the year ended December ji, 1977
Current Fund
Quasi- Art Endowment Plant Operating Restricted Endowment Total Fund Fund Fund Total
$ 172,971 5 1-2,9-1 $ 172,971 385,244 385>244 385,244 131,100 131,100 131,100
331,248 $195,137 $64,292 590,677 M 1 804,206 804,206 804,206 (182) (182) [82]
183,770 183,770 [83,770
262,213 262,213 2d 2, 2 1 ',
2,270,752 195. 137 64,110 1 ,529,999 2,529,999
1,059,247 1,059,247 r ,059,247 226, 371 226,371 226,371
7 119,646 119,646 1 9,646 155,690 155,69° 155,690 70,451 70,451 70,451
178,44! 178,441 t -8,441 128,514 128,514
55,947 195,137 251,084 15 1,0 8 4 201,568 201,568 2.01,568
2,067,361 i95, I 37 2,262,498 128,514 2,391,012
130,672 130,672 1 30,672 50,334 50,334 50,334
156,571 156,571 156,571
142,188 142,188 T 4 2,lSS
2,547,126 19s, 137 2,742,263 128,514 ,870,777
^76,374) 64,110 (212,264) (128,514) (340,778)
S 400,000 525,000 9 2 5 ,' 49,129 49.T29
449,129 525,000 974,12-9
(276,374) 64,110 (212,264) 449.129 396,486 633,351
308,368 308,368 ,11,457,727 12,951,161 4,628,464 29,345,720 92,639 92,639 (11,457,727) (11,365,088)
401,007 401,007 12,951,161 4,628,464 17,980,632
(23,808) (23,808) 23,808
$ 100,825 $64,110 $ 164,935 - $13,400,290 $5,048,758 $18,613,9X3
*3 :
Notes to Financial Statements
i. Accounting for Art Objects: by the donor requiring that the principal be invested in perpetuity. its Effective January i, 19 — , the Foundation changed policy from capitalization of art works purchased, donated or Plant Fund bequeathed to the policy of excluding such art work from the The Plant Fund includes resources restricted for plant balance sheet, which is in conformity with the practice acquisitions and funds expended for plant. followed by many museums. The effect of adopting this new Other Matters has decrease excess of support policy been to the and revenue Contributions, grants, legacies and bequests and membership for as over expenses the year by $19,051,289 summarized fees are recorded as received and are considered to be avail- below: able for unrestricted use unless specifically designated by the donor. Contributions and grants specified by the donor for
use in future periods are recorded as deferred income in the Estimated value of donated art works . $18,797,533 balance sheet m\l\ are recorded as in the in which Purchase of art objects 4-6,09- income year the) ma) be used. Written pledges are recorded as receivables Excess of proceeds from sale of art in the year pledged. The amounts of the pledges to be received objects over previously recorded value (212,341) in the future are recorded as deferred amounts in the respective $19,051,289 funds to which they apply. All gains and losses arising from the sale, collection or other disposition of investments are accounted for in the fund in Included 111 the value of donated art works is the Peggy which the related assets are recorded. Income from invest- Guggenheim Collection which Foundation officials estimate ments is accounted for as revenue of the Operating Fund. has a value of approximately $18,000,000. Italian authorities approved the transfer of title to this Collection to the Foun- dation during [977. The operating and art fund balances as of January r, 1977 have been adjusted by a net amount of $1 1,365,088 to reflect 3. Investments: the cumulative effect to December }i, 1976 of the change in Investments are recorded at cost in respect of those purchased, accounting policy. and in respect of those acquired by gift, bequest or otherwise,
generally at market valuations at dates of acquisition or estate tax valuations. The carrying value and market value of invest-
, — ments by fund were as follows at December ; 1 [9
2. Summary of Significant Accounting Policies: Carrying Market Basis of Presentation Fund Value Value The financial statements of the Foundation have been pre- basis. pared on the accrual Quasi-Endowment S 15,012 S 15,351 Fund Accounting Restricted 53,H5 49,375
In order to ensure observance of limitations and restrictions Endowment 1 2,8 s 9, 1 99 I4.99S.4S" placed on the use of resources available to the Foundation, Plant 100,125 100,000 the accounts of the Foundation are maintained in accordance $13,027,46] Sis. 160, 182 with the principles of iund accounting. This is the procedure by which resources for various purposes are classified lor accounting and financial reporting purposes into funds that are in accordance with specified activities and objectives.
Separate accounts are maintained for each fund; however, in the accompanying financial statements, funds that have similar 4. Art Collection: characteristics have been combined into fund groups. Ac- Art objects purchased, donated and bequeathed are included cordingly, all financial transactions have been recorded and in the balance sheet at a value of $1. This practice is in accord reported by fund group.
with thai followed by main museums see Note 1 1. Donations Restricted Fund for purchase of art objects are reported as gifts in the state- Amounts restricted by the donor for specific purposes are ment ot activit) . The uisi of all art objects purchased, less segregated from the Operating Fund within the Current Fund. the proceeds from deaccessions of art, is reported as a museum
' »;/,/ ; / ndowment Fund operating expense. During the year ended December ji, [977, - Amounts designated by the Board of Trustees are indicated as purchase of art objects amounted to $4 d,09- and the pro- Quasi-Endowment Fund and are segregated from the Oper- ceeds from deaccessions aggregated $225,013. ating Fund within the Current Fund. Gifts restricted by donors for the purchase ol items fi >i thi Endowment lund collection are classified as deferred revenue until acquisitions
The Endowment Fund includes funds subject to restriction arc m. ule 111 accordance with the terms ol the gifts.
H 5- Property and Equipment: 7. Interfund Transfers:
A summary of property and equipment follows: During the year ended December 31, 1977, $23,808 was trans- ferred from the Operating Fund to the Plant Fund representing Accumulated fixed assets purchased with resources of the Operating Fund. Gross Depreciation Net
The Solomon R. Guggenheim Museum: 8. Contributed Services: Land $ 47
equipment 7.445 2,60^ 4,841 Restaurant
equipment 5,455 710 4,745 9. Related Party Transactions: 6,218,104 1,713,437 4,504,667 Service fees aggregating $4,565 were paid to Guggenheim Palazzo Leoni: Brothers (a partnership). Mr. Peter O. Lawson-Johnston, a trustee and president of the Foundation, is one of the partners Land 174,794 174,794 of Guggenheim Brothers. Building 174,793 5,496 269,297 Legal fees of $30,800 to White &C Case, counsel for the 549,587 5,496 544,091 Foundation, were paid or accrued. A partner of that firm is a trustee of the Foundation. $6,767,691 $1,718,933 $5,048,758
With respect to the property and equipment of The
Solomon R. Guggenheim Museum, land is recorded at cost with respect to that purchased and at estate tax valuation with respect to that acquired through a bequest. Building and
all other equipment are recorded at cost and depreciation is provided on the straight-line method over their estimated useful lives. Library and documentary films are recorded at the nominal amount of $1, and additions are expensed as acquired. During 1977, the Trustees authorized recording a gift from Peggy Guggenheim of the Palazzo Leoni in Venice, Italy. This gift is estimated to have a value of $525,000, the value shown on the donor's tax returns. Legal costs approximating $25,000 relating to establishment of title to the property have also been capitalized. Management of the Foundation has allo- cated these costs equally between land and building.
6. Pension Plan:
The Foundation has a pension plan covering substantially all of its full-time employees. The total pension expense for the year was $50,400 which includes $5,400 paid to employees who retired prior to the adoption of the plan or who were not eligible for participation in the plan. The Foundation's policy is to fund pension costs incurred.
J 5 \ 4
1500 copies of this annual report designed by Malcolm Grear Designers, have been typeset by Dumar Typesetting, Inc. and printed by Eastern Press in December 1978 for the Trustees of The Solomon R. Guggenheim Foundation
Photographs by Robert E. Mates and Mary Donlon
^% Eh ^^
f'1 '
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