In recent years, she distributed a majority of the foundation's holdings to museums.

The funds will go toward the establishment of an endowment for the digitization of materials belonging to underrepresented artists.

The Foundation for Contemporary Arts, a New York-based provider of support grants to artists since the beginning of a 1963 initiative led by John Cage and Jasper Johns, will give out a new annual

Concerns about liability have led several artist's foundations to stop authenticating their work

At a time when government and corporate support is decreasing, artists' foundations are becoming increasingly influential