NonprofitsPierpont Morgan Library

Education

Pierpont Morgan Library

NEW YORK, NY

Total revenue

$58.7M

Total expenses

$34.4M

Net assets

$415.9M

Grants received

$6.8M

91 grants

EIN

131624146

Tax year

2023

Mission

Museum and independent research library (see Schedule O)located in the heart of New York City, the Morgan Library & Museum began as the personal library of financier, collector, and cultural benefactor J. Pierpont Morgan (1837-1913). The Morgan offers the public close encounters with great works of human accomplishment in a setting treasured for its intimate scale and historic significance. Its collections of manuscripts, rare books, music, drawings, and other works of art comprise a unique record of civilization, as well as an incomparable repository of ideas and the creative process.

Programs

3 programs

Library and Museum Services: The Morgan Library & Museum is one of nineteen independent research libraries in the United States and, as such, makes its collections available to qualified researchers for study on-site in the Sherman Fairchild Reading Room and the Drawing Study Center. An online catalog of the collections is accessible at www.themorgan.org and assists researchers both on and off-site. Active digitization and publication programs help to extend the reach of the Morgan's scholarly services and support study of the collections.The Morgan has had professional paper and book conservation facilities since the 1950s, when they were among the first such labs in the United States. The Morgan's conservation facilities (continued on Schedule O) were dramatically enhanced with the 2002 completion of the Thaw Conservation Center. The Morgan's conservators oversee the preservation of the collections and also undertake surveys and treatment projects of discrete collection areas. The collections consist almost entirely of works on paper and related porous supports (vellum, parchment, papyri), and the conservators have developed special expertise in the conservation, restoration, and repair of such objects. Both a working and teaching facility, the Thaw Center receives requests for assistance from institutions in the United States and abroad. It offers fellowships in conservation techniques and practices.

Expenses: $4.8M

Public Programs: In fiscal year 2024, the Morgan hosted 418 programs onsite, attracting 9,809 attendees to a diverse array of talks, lectures, symposiums, conversations, workshops, and docent-led public tours. Additionally, 23 concerts were presented in Gilder Lehrman Hall, drawing a total of 3,471 people. Virtual docent-led tours continued, with 17 programs reaching 727 participants worldwide. The Morgan's school programs offered both in-person and virtual activities, engaging 7,150 K-12 students; 1,129 participants in family and teen programs; and 372 college students, spanning diverse communities.

Expenses: $4.2M

Museum Publications and Retail: The Morgan maintains an active publications program, producing catalogues related to its exhibitions and items in its permanent collections. These catalogues are made available to the public, along with other exhibition and collection-related merchandise, through the Morgan's on-site retail shop and through the Morgan's website.

Expenses: $2.2M

Financials

FY 2023

Revenue

Contributions & grants$38.7M
Program service revenue$3.9M
Investment income$15.5M
Other revenue$637K
Total revenue$58.7M

Expenses

Grants paid$104K
Salaries & benefits$16.2M
Fundraising$3.0M
Other expenses$18.1M
Total expenses$34.4M
Total assets$435.7M
Net assets$415.9M

People

34 listed

NameRoleCompensation

Colin B Bailey

Director

Board

$728K

35 hrs/wk

Kristina W Stillman

Dir. of Fin./Adm & Asst. Treasurer

Board

$330K

35 hrs/wk

Jessica B Ludwig

Deputy Dir.& Asst.Secretary

Board

$270K

35 hrs/wk

G Scott Clemons

Trustee

Board

1 hrs/wk

Karen B Cohen

Trustee

Board

1 hrs/wk

Martha J Fleischman

Trustee

Board

1 hrs/wk

Frederick J Iseman

Trustee

Board

1 hrs/wk

Jerker M Johansson

Trustee

Board

1 hrs/wk

Martha McGarry Miller

Trustee

Board

1 hrs/wk

John A Morgan

Trustee

Board

1 hrs/wk

Patricia Morton

Trustee

Board

1 hrs/wk

Eric L Motley

Trustee

Board

1 hrs/wk

Lawrence R Ricciardi

President

Board

5 hrs/wk

Katharine J Rayner

Trustee

Board

1 hrs/wk

Annette de la Renta

Trustee

Board

1 hrs/wk

Donna Perret Rosen

Trustee

Board

1 hrs/wk

Joshua W Sommer

Trustee

Board

1 hrs/wk

Robert King Steel

Trustee

Board

1 hrs/wk

Beatrice Stern

Trustee

Board

1 hrs/wk

Rachel R Stern

Trustee

Board

1 hrs/wk

Alyce Williams Toonk

Trustee

Board

1 hrs/wk

Peter Pennoyer

Trustee

Board

1 hrs/wk

Richard L Menschel

Vice President

Board

3 hrs/wk

Clement C Moore II

Vice President

Board

3 hrs/wk

George L K Frelinghuysen

Treasurer

Board

3 hrs/wk

Thomas J Reid

Secretary

Board

3 hrs/wk

Mohit Assomull

Trustee

Board

1 hrs/wk

Allison Binns

Trustee

Board

1 hrs/wk

Susanna Borghese

Trustee

Board

1 hrs/wk

Lauren Stakias

Dir. of Institutional Advancement

Staff

$264K

35 hrs/wk

John J Marciari

Charles W Engelhard Curator

Staff

$196K

35 hrs/wk

Mary Schlitzer

Controller

Staff

$191K

35 hrs/wk

Maria Fredericks

Sherman Fairchild Head of Thaw Conservation Center

Staff

$166K

35 hrs/wk

Gilbert Parilla

Engineer

Staff

$157K

35 hrs/wk

Independent contractors

AKA NYC Limited

Advertising and Marketing fees

$555K

Allied Security Holdings LLC

Security Officers

$510K

Sciame Construction LLC

Construction Services

$476K

John O'Hara Company Inc

Construction Services

$312K

Masterpiece International Ltd

Fine Art Transporter

$241K

Grants received

Showing 91 of 91

FromAmountPurposeYear
$1.5M
FURTHER 501(C)(3) CHARITABLE PURPOSE
2024
$75K
TO PROVIDE SUPPORT TO THE BELLE DA COSTA GREENE FELLOWSHIPS
2024
$41K
ARTS AND CULTURE
2024
$30K
GENERAL OPERATING SUPPORT
2024
$25K
ARTS AND CULTURE
2024
$7K
FOR GENERAL SUPPORT.
2024
$1K
TO CARRY OUT SPECIFIC CHARITABLE, EDUCATIONAL, AND CULTURAL PROJECTS
2024
$334
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$322K
For grant recipient's exempt purposes
2023
$105K
GENERAL OPERATING SUPPORT AND TO PROVIDE SUPPORT TO THE BELLE DA COSTA GREENE FELLOWSHIPS
2023
$50K
GENERAL OPERATING
2023
$25K
BELLE GREEN FELLOWS
2023
$22K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$20K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$10K
A GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.
2023
$8K
3 CAROLIGIAN CODICES
2023
$6K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$1K
TO CARRY OUT SPECIFIC CHARITABLE, EDUCATIONAL, AND CULTURAL PROJECTS
2023
$250
For general purposes
2023
$130
GENERAL OPERATING SUPPORT
2023
$700K
ARTS/CULTURE/HUMANITIES
2022
$375K
FURTHER 501(C)(3) CHARITABLE PURPOSE
2022
$335K
For grant recipient's exempt purposes
2022
$100K
BELLE DA COSTA GREENE EXHIBIT
2022
$53K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$30K
GRANT FOR SUPPORT
2022
$21K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$13K
Exhibitions and Educational Programs
2022
$10K
A GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.
2022
$10K
SOULS GROWN DEEP FOUNDATION INTERNSHIP
2022
$6K
general operating support, Caroline Morgan Macomber Fund
2022
$6K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$5K
CHARITABLE DONATION
2022
$5K
GENERAL OPERATING SUPPORT
2022
$5K
GENERAL PROGRAM SUPPORT
2022
$5K
UNRESTRICTED GENERAL
2022
$3K
MATCHING GIFT PROGRAM - FOR GENERAL SUPPORT OF ITS MISSION
2022
$1K
TO CARRY OUT SPECIFIC CHARITABLE, EDUCATIONAL, AND CULTURAL PROJECTS
2022
$250
For general purposes
2022
$190K
For recipient's exempt purpose
2021
$114K
For grant recipient's exempt purposes
2021
$114K
For grant recipient's exempt purposes
2021
$19K
GENERAL SUPPORT
2021
$5K
UNRESTRICTED GENERAL
2021
$5K
GENERAL PROGRAM SUPPORT
2021
$250
For general purposes
2021
$250K
ARTS/CULTURE/HUMANITIES
2020
$158K
For grant recipient's exempt purposes
2020
$108K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$100K
GENERAL UNRESTRICTED
2020
$65K
GENERAL SUPPORT
2020
$50K
GRANT FOR SUPPORT
2020
$50K
GENERAL PURPOSES
2020
$25K
FURTHER 501(C)(3) CHARITABLE PURPOSE
2020
$19K
General support
2020
$13K
unrestricted
2020
$10K
IMPERIAL SPLENDOR EXHIBITION
2020
$8K
GENERAL PROGRAM SUPPORT
2020
$1K
TO CARRY OUT SPECIFIC CHARITABLE, EDUCATIONAL, AND CULTURAL PROJECTS
2020
$654
Matching Gift
2020
$250
For general purposes
2020
$250
GENERAL OPERATING SUPPORT
2020
$262K
For grant recipient's exempt purposes
2019
$6K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$505
GENERAL OPERATING SUPPORT
2019
$177K
For grant recipient's exempt purposes
2018
$21K
General Support
2018
$8K
CHARITABLE CONTRIBUTION
2018
$8K
GENERAL PROGRAM SUPPORT
2018
$600
TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION.
2018
$100
UNRESTRICTED GENERAL
2018
$90
PROGRAM/OPERATING SUPPORT
2018
$179K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$105K
The Paper Project
2017
$13K
ARTS, CULTURE & HUMANITIES
2017

Funded by

$6.8M from 43 funders · 91 grants · 2017–2024

Jerome L Greene Foundation

$1.9M · 3 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.7M · 8 grants · 2017–2023

The Community Foundation For Greater

$950K · 2 grants · 2020–2022

Donor Advised Charitable Giving Inc

$694K · 7 grants · 2017–2023

Vanguard Charitable Endowment Program

$370K · 4 grants · 2020–2023

Ac & Jc Foundation Inc

$210K · 3 grants · 2023–2024

The Annenberg Foundation

$125K · 2 grants · 2022–2023

The J Paul Getty Trust

$105K · 1 grant · 2017

Details

EIN131624146
NTEE codeB700
Subsection03
Ruling date1925-04
Formed1924
Employees249
Volunteers51
PIERPONT MORGAN LIBRARY — Mission, Financials & Grants Received | Grantivo