Overview

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Est.

1924

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Pierpont Morgan Library is a New York City museum and independent research library focused on libraries, with collections of manuscripts, rare books, music, drawings, and other works of art that reflect its historic origins as J. Pierpont Morgan’s personal library. In filing year 2025, it reported an operating budget of $41.8 million and total revenue of $55.1 million, with major support from T KIMBALL BROOKER FOUNDATION, Sherman Fairchild Foundation Inc, and THE THOMPSON FAMILY FOUNDATION INC.

Mission Statement

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.
Revenues
$55.1M
Expenses
$42.7M
Net Income:
+$12.4M
Assets
$445.8M
Liabilities
$20.1M
Net Assets:
+$425.7M
Operating Budget
$42.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
50
Median grant size
$11.3K
Largest grant received
$14.1M
C
Colin B Bailey
Board Member
M
Mary Schlitzer
Board Member
S
Susanna Borghese
Board Member
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  • 147 funders
  • 64 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is The Pierpont Morgan Library’s budget?
In 2025, The Pierpont Morgan Library reported an annual operating budget of around $42.6 million. More detailed financial information is available to registered users.
What causes does The Pierpont Morgan Library support?
The Pierpont Morgan Library supports work in Libraries.
Where does The Pierpont Morgan Library operate?
The Pierpont Morgan Library is headquartered in New York, NY.
Who funded The Pierpont Morgan Library recently?
In 2025, The Pierpont Morgan Library received grants from THE THOMPSON FAMILY FOUNDATION INC, RUGGLES FAMILY FOUNDATION C/O BESSEMER TRUST, and THE ELIZABETH AND STANLEY D SCOTT FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant The Pierpont Morgan Library received in 2024?
The largest grant to The Pierpont Morgan Library in 2024 exceeds $14.1 million.
What is The Pierpont Morgan Library’s reliance on government grants?
The Pierpont Morgan Library relied on government grants for less than 5% of their total revenue in 2025.