Pollock-Krasner Foundation

The Pollock-Krasner Foundation was established in 1985 for the purpose of providing financial assistance to individual working artists of established ability.[1] It was established at the bequest of Lee Krasner, who was an American abstract expressionist painter and the widow of fellow painter Jackson Pollock. Krasner left approximately $23 million in cash, securities and art to the foundation.[2]

The foundation provides grants to artists internationally based on "recognizable artistic merit and demonstrable financial need".[3] The foundation also gives out Lee Krasner Awards. These awards are based on the same criteria as grants but also recognize a lifetime of artistic achievement and are by nomination only.[4] By 1988 the foundation had already granted over $1.5 million to about 300 "worthy artists who are in need".[5]

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