efile GRAPHIC print - DO NOT PROCESS As FiledData- DLN: 93491099002119

OMB No 1545-0052

Form

990-Departmentof the Treasur

Internal Revenue Service

Return of Private Foundation

or Section 4947 (a ) ( 1 ) Trust Treated as Private Foundation

not enter social security numbers on this form as it may be made public.about Form 990- PF and its instructions is atwww.irs.gov/form990pf.

2017Open to Public

Inspection

For calendar year 2017, or tax year beginning 12-01-2017

Name of foundationTHE SOLOW ART & ARCHITECTURE FOUNDATION

and ending 11-30-2018

A Employer identificationnumber

13-3614971

Room/ suiteNumberand street(or PO box numberif mail is not deliveredto streetaddress)9 WEST 57TH STREET NO 4500

B Telephone number( see instructions)

( 212) 751-1100

City or town , state or province , country , and ZIP or foreign postal codeNEW YORK , NY 10019 exemption application is pending, check here

D 1. Foreign organizations , check here

2 Foreign organizations meeting the 85%test, checkhere and attachcomputation

G Check all that apply return Initial return of a former public charityreturn Amendedreturn

change Name changeH Check type of organization 501(c ) (3 ) exempt private foundation

4947(a ) ( 1) nonexempt charitable trust taxable private foundationI Fair market value of all assets at end Accounting method Cash Accrualof year (from Part II, col ( c ),

specify)line 16( Part I , column ( d ) must be on cash basis

E foundationstatus was terminated

undersection507(b ) ( 1) (A ), checkhere

F If the foundation is in a 60 -month termination

undersection 507( b ) ( 1 ) ( B), check here

Part I( a )

Analysis of Revenueand Expenses( The totalof amounts in columns (b), ( c ), and ( d ) maynotnecessarily

equalthe amounts in column (a) (see instructions)

Revenue and

expenses perbooks

( b ) Net investmentincome

( c ) Adjusted netincome

( d ) Disbursementsfor charitable

purposes

( cash basis only )

1 113,295

2

3

Contributions, gifts, grants, etc received (attachschedule)

Check thefoundation is not requiredto attachSch B

Interest on savings and temporary cash investmentsDividendsand interest from securities

Gross rents

Net rental income or ( loss)

Net gain or ( loss) from sale of assets not on line 10

4

5a

b

��

b Gross sales price for all assets on line 6a

7

8

Capital gain net income (from Part IV, line 2 )

Net short-term capital gain

Income modifications9

�

113,295

Gross sales less returns and allowances

b Less Cost of goods sold

Gross profit or ( loss) (attach schedule)11 Other income ( attach schedule)12 Total. Add lines 1 through 11

13 Compensationof officers, directors, trustees, etc14 Other employee salariesand wages15 Pension plans, employee benefits

Legal fees (attach schedule)

b Accounting fees (attach schedule)

Other professional fees ( attach schedule )

0

5,750

�

17 Interest

18 12,157Taxes (attach schedule ) (see instructions )

Depreciation (attach schedule ) and depletion19

OperatingandAdministrativeExpenses

20

21

22

23

OccupancyTravel, conferences, and meetings

Printing and publicationsOther expenses (attach schedule )

Total operating and administrative expenses.Add lines 13 through 23

Contributions, gifts, grants paid

109,045 109,045

24

126,952 114,795

36,50025 36,500

26 Total expenses and disbursements . Add lines 24 and25

163,452 151,295

-50,157

27 Subtractline 26 from line 12

a Excessof revenueover expensesanddisbursements

Net investment income (if negative, enter

Adjusted net income( negative , enter -0-

For Paperwork Reduction Act Notice, see instructions.

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Cat No 11289X Form 990- PF ( 2017)

Page 2End of year

Form990

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PartIIBalanceSheets

Attachedschedulesandamountsin the descriptioncolumn

should be for end-of-year amounts only (See instructions1 Cash - non -interest-bearing

2 Savings and temporary cash investments

3 Accounts receivable

Beginning of year( a ) Book Value

1,753,110

( b ) Book Value

1,702,953

(c ) FairMarketValue

1,702,953

Less allowance for doubtful accounts

Pledges receivable4

Less allowancefor doubtfulaccounts

5

6

7

8

Assets

9

10a

b

�

11

12

Grants receivable

Receivablesdue from officers, directors, trustees, and otherdisqualified persons (attach schedule) ( see instructions) .

Other notes and loans receivable attach schedule)Less allowance for doubtful accounts

Inventoriesfor sale or use

Prepaid expenses and deferred charges

Investments and state government obligations ( attach schedule)Investments- corporate stock (attach schedule)

Investments- corporate bonds (attach schedule

Investments land, buildings, and equipment basisLess accumulated depreciation ( attach schedule)

Investments- mortgage loans

Investments- other (attach schedule)

Land, buildings, and equipment basisLess accumulated depreciation ( attach schedule)Other assets ( describe

Total assets ( to be completed by all filers see theinstructions Also , see page 1, item I)

Accounts payable and accrued expensesGrants payable.Deferredrevenue

Loans from officers, directors, trustees, and other disqualified persons

Mortgagesand other notes payable (attach schedule) .Other liabilities (describeTotal liabilities(add lines 17 through 22 )

13

14

15 215,805,555 215,805,5556 342,542,800

16

217,558,665 217,508,508 344,245,753

17

18

19

Liabilities

20

21

22

23

24

Foundationsthat follow SFAS 117, check hereand completelines 24 through26 and lines 30 and31.Unrestricted

Temporarilyrestricted

Permanentlyrestricted

25

26

NetAssetsorFundBalances

217,508,508

217,508,508

217,508,508

Foundations that do not follow SFAS 117, check here

and complete lines 27 through 31.27 Capital stock, trust principal , or current funds

28 Paid -in or capital surplus, or land , bldg , and equipment fund29 Retained earnings, accumulated income , endowment, or other funds 217,558,66530 Total net assetsor fund balances( see instructions) 217,558,6650

31 Total liabilities and net assets / fund balances (see instructions ) 217,558,665

Part III Analysisof Changes in Net Assets or Fund Balances1 Total net assets or fund balances at beginning of year II, column ( a ) , line 30 ( must agree with end

of-year figure reported on prior year's return)2 Enter amount from Part I line 27a3 Other increases not included in line 2 ( itemize)4 Add lines 1, 2, and 35 Decreases not included in line 2 ( itemize)6 Total net assets or fund balances at end of year ( line 4 minus line 5 ) II, column (b ) , line 30

1

2

3

4

217,558,665

-50,157

217,508,508

217,508,508

Form 990- PF (2017 )

5

6

Form 990- PF (2017)Part IV Capital Gains and Losses for Tax on Investment Income

Page3

( c )( a )Listand describethekind( s ) of propertysold (eg , realestate,

2 - storybrick warehouse, or commonstock, 200 shs MLC

( b )How acquiredP - PurchaseD Donation

Date acquired( mo , day , yr

( d )Datesold

( mo , day, yr )

( )Gross sales price

( )Depreciation allowed

(or allowable)

( )Cost or otherbasis

plusexpenseof sale

( h )Gain or ( loss)

( ) plus ( f ) minus ( )

a

b

�

d

e

Complete only for assets showing gain in column ( h ) and owned by the foundation on 12/31/69

( j ) ( k )( i )

FMV of12/31/69Adjusted basis Excessof col ( )as of 12/31/69 over col ( any

( 1 )Gains( Col ( ) gain minus

col ( k ) , butnotless than-0-) or

Losses( from col ( h) )

a

�

d

e

2

If gain, also enter in Part I , line 7

If ( loss) , enter in Part I , line 7Capital gain net income or ( net capital loss )2

3 Net short-term capital gain or (loss) as defined in sections 1222( 5 ) and ( 6)Ifgain , also enter in Part I, line 8, column (c) ( see instructions) If loss ) , enterin Part I, line 8 3

Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income( For optional use by domestic private foundations subject to the section 4940 ( a) tax on net investment income

If section 4940(d ) (2 ) applies , leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?If "Yes , " the foundation does not qualify under section 4940 ( ) Do not complete this part

1 Enter the appropriate amount in each column for each year , see instructions before making any entries(a )

( c ) ( d )( b )BaseperiodyearsCalendar Distributionratio

year ( or tax year beginning in)Adjusted qualifyingdistributions Net value of noncharitable- use assets ( (b) divided by col (c ))

2016 169,478 1,575,713 1075562015

129,028 568,049 0227142

201422,422 16,898

1 326903

201310,374 29,869

347317

201211,262 427,234

026360

2 Total of line 1, column ( d) 2 2 0352783 Average distribution ratio for the 5-year base period- the total on line 2 by 5 , or by the

number of years the foundation has been in existence less than 5 years 3 0 4070564 Enter the net value of noncharitable-use assets for 2017 from Part X, line 5 4 1,689,2935 Multiplyline4 by line3 5 687,637

6 Enter 1% of net investment income (1% of Part I , line 27b) 6

7 Add lines 5 and 6 7 687,6378 Enter qualifying distributions from Part XII , line 4 8 151,295

If line 8 is equal to or greaterthan line 7 , check the box in PartVI, line 1b, and completethat part usinga 1% tax rate See the PartVIinstructions

Form 990 - PF (2017 )

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Page 4

10

Yes No

Form990

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PF

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2017

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Part VI Excise Tax Based on Investment Income ( Section 4940 ( a ), 4940 b) 4940 (e), or 4948 instructions )

Exempt operating foundations described in section 4940 ( d ) ( 2), check here and enter " N / A " on line 1Date of ruling or determination letter ( attach copy of letter if necessary - see instructions )

b Domestic foundations that meet the section 4940 ( e) requirements in Part V , check 1

here and enter 1 of PartI , line

Allother domestic foundations enter 2 % of line 27b Exempt foreign organizationsenter 4 % of Part I, line 12,col ( )

2 Tax under section 511 ( domestic section 4947( a )(1) trusts and taxable foundations only Others enter -0- ) 23 Add lines 1 and 2. 34 Subtitle A ( income) tax ( domestic section 4947(a ) ( 1) trusts and taxable foundations only Others enter 4

5 Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter 56 Credits/ Payments

a 2017 estimated tax payments and 2016 overpaymentcredited to 2017 6a

b Exempt foreign organizations- withheld at source

paid with application for extension of time to file ( Form 8868 )

d Backup withholdingerroneouslywithheld.

7 Total credits and payments Add lines through . 7

8 8Enterany penaltyfor underpaymentof estimatedtax Check here Form 2220is attached

9 Tax due. If the total of lines 5 and 8 is morethan line 7 , enteramountowed 9

10 Overpayment. If line 7 is more than the total of lines 5 and 8 , enter the amountoverpaid.

11 Enter the amount of line 10 to be Credited to 2018 estimated tax Refunded 11

Part VII-A StatementsRegardingActivities

During the tax year, did the foundationattempt to influence any national, state, or local legislationor didit participateor intervenein any politicalcampaign?

b Did it spend morethan $ 100duringthe year (eitherdirectlyor indirectly) for political purposes( see Instructionsfor definition )

Ifthe answeris "Yes" to or 1b, attacha detaileddescriptionof the activitiesand copiesofany materials

publishedor distributedby the foundationin connectionwith the activities

Did the foundation file Form 1120- POL for this year?.

dEnter the amount ( if any) of tax on political expenditures ( section 4955) imposed during the year

( 1 ) On the foundation $ ( 2 ) On foundation managers

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposedon foundation managers

2 Has the foundation engaged in any activities that have not previously been reported to the IRS?If " Yes ," attach a detailed description of the activities

3 Has the foundation made any changes, not previously reported to the IRS , in its governing instrument, articlesof incorporation , or bylaws, or other similar instruments ? If " Yes , " attach a conformed copy of the changes

4a Did the foundation have unrelated business gross income of $1,000 or more during the year ?.b If " Yes, " has it filed a tax return on Form990-T for this year

5 Was therea liquidation, termination, dissolution, or substantialcontractionduring the year?

If " Yes ," attach the statementrequired by General Instruction6 Are the requirements of section 508(e ) (relating to sections 4941 through 4945 ) satisfied either

nguage in the governing instrument , orBy state legislation that effectively amends the governing instrument so that no mandatory directionsthat conflict with the state law remain in the governing instrument?

7 Did the foundation have at least $5,000 in assets at any time during the year Yes, " complete PartII, col ( c ),and Part XV

Enter the states to which the foundation reports or with which it is registered (see instructions )NY

No

1b No

� 1c No

e

2 No

3 No

4a No

4b

5 No

6 Yes

7 Yes

b

8b Yes

9

If the answer is " Yes" to line 7, has the foundation furnished a copy of Form 990 - PF to the Attorney

General ( or designate ) of each state as required by General Instruction G? If"No , " attach explanation

Is the foundation claiming status as a private operating foundation within the meaning of section 4942( ) ( 3)

or 4942( ) for calendar year 2017 or the taxable year beginning in 2017 (see instructions for Part XIV )?

If "Yes ," complete Part XIV

Did any persons become substantial contributors during the tax year ? If "Yes, " attach a schedule listing their namesand addresses

9 Yes

10

10 No

Form 990- PF (2017)

Page5

11 No

Form 990- PF ( 2017 )

Part VII A StatementsRegardingActivities(continued)11 At any time during the year, the foundation, directly or indirectly, own a controlledentity within the

meaningof section 512( b) ( 13)? If " Yes, " attach schedule (see instructions) .12 the foundationmakea distributionto a donoradvised fund over which the foundationor a disqualifiedperson had

advisory privileges ? If Yes ," attach statement ( see instructions )13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application ?

Website address N

12 No

13 Yes

14 The booksarein careof SHELDON H SOLOW Telephone no (212) 751-1100

Locatedat WEST57THSTREET NEWYORK NY ZIP+ 4

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Yes

Yes

15 Section 4947(a ) ( 1 ) nonexempt charitable trusts filing Form 990 - PF in lieu of Form 1041 here

and enter the amount of tax- exempt interest received or accrued during the year 15

16 At any time during calendar year 2017, the foundation have an interest in or a signature or other authority over Yes Noa bank , securities , or other financial account in a foreign country ? 16

See instructions for exceptions and filing requirements for Form 114, Report of Foreign Bank and Financial Accounts(FBAR) " Yes", enter the name of the foreign country

Part VII- B StatementsRegardingActivitiesfor Which Form 4720 May Be Required

FileForm 4720 if any item is checked in the " Yes" column, unlessan exceptionapplies. Yes No

During the year the foundation(either directly or indirectly)( 1) Engage in the sale or exchange, or leasing of property with a disqualified person? Yes( 2 ) Borrow moneyfrom, lendmoneyto, or otherwiseextend credit to ( or accept it from )

a disqualifiedperson Yes( 3 ) Furnishgoods, services, or facilitiesto (or acceptthem from) a disqualifiedperson?

( 4 ) Paycompensationto, or pay or reimbursethe expensesof, a disqualifiedperson?( 5 ) Transferany incomeor assetsto a disqualifiedperson(or make any of eitheravailable

for the benefitor useof a disqualifiedperson) ?.Yes No

( 6 Agreeto paymoneyor propertyto a governmentofficial? ( Exception. Check " "

the foundationagreed to makea grant to or to employ the official for a period

after terminationof governmentservice, terminatingwithin90 days ) . Yes NoIfanyansweris "Yes" to 1a( 1) - ( 6 ) , did anyoftheactsfailto qualifyunderthe exceptionsdescribedin Regulations

section53 4941( d ) -3 or in a currentnoticeregardingdisasterassistance( see instructions) ? 1b

Organizations relying on a current notice regarding disaster assistance check here.Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2017 1c No

2 Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a privateoperating foundation defined in section 4942 ) or 4942( ) ( ) )

At the end of tax year 2017, did the foundation have any undistributed income (lines 6d

and XIII) for tax year (s) beginning before 2017 ?.Yes No

If " Yes ," list the years 20 , 20 , 20 , 20

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a) (2 )

(relating to incorrect valuation of assets ) to the year's undistributed income? ( If applying section 4942 ( a ) ( 2 )

to all years listed , answer "No" and attach statement see instructions ) 2b

If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a , list the years here20

�� Did the foundationhold more than a 2% director indirect interest in any businessenterpriseatany time during the year Yes No

b If "Yes ," did it have excess business holdings in 2017 as a result of (1) any purchase by the foundationor disqualified persons after May 26, 1969, ( 2 ) the lapse of the 5- year period ( or longer period approved

by the Commissioner under section 4943 ( c ) ( 7) ) to dispose of holdings acquired by gift or bequest, or ( 3 )

the lapse of the 10-, 15- or 20-year first phase holding period (Use Schedule C Form 4720 , to determine

the foundation had excess business holdings in 2017 ).4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a No

b the foundation make any investment in a prior year ( but after December31, 1969) that could jeopardize its

charitable purposethat had not been removed from jeopardy before the first day of the tax year beginningin 2017? No

Form 990- PF (2017)

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a

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Page 6Form 990- PF (2017)

Part VII- B Statements Regarding Activities for Which Form 4720 May Be Required (Continued)5a During the year did the foundation pay or incur any amount to

( 1 ) Carry on propaganda, or otherwise attempt to influence legislation ( section 4945(e ) )Yes

( 2 ) Influencethe outcomeof any specificpublicelection ( see section4955) , or to carry

on, directlyor indirectly, any voter registrationdrive Yes No(3) Provide a grant to an individual for travel , study, or other similar purposes?

Yes No(4) Provide a grant to an organization other than a charitable , etc , organization described

in section 4945(d ) (4) (A ) ? ( see instructions).Yes No

( 5 ) Providefor any purposeother than religious, charitable, scientific, literary, or

educationalpurposes, or for the preventionof crueltyto childrenor animals?. Yes Nob Ifanyansweris " Yes" to 5a( 1) - ( 5 ) , didanyofthe transactionsfail to qualifyundertheexceptionsdescribedin

Regulationssection53 4945 or in a currentnoticeregardingdisasterassistance( see instructions) ?

Organizations relying on a current notice regarding disaster assistancecheck here.

If the answer is " Yes " to question 5a ( 4), does the foundation claim exemption from thetax because it maintained expenditure responsibilityfor the grant Yes NoIf"Yes," attach the statementrequiredby Regulationssection 53 4945-5 d )

�� the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?. Yes Nob Did the foundation, during the year, pay premiums, directly or indirectly, on a personalbenefit contract? No

If "Yes" to 6b, file Form 88707a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction ?

b If yes , the foundation receive any proceeds or have any net income attributable to the transaction 7bForm 990- PF (2017)

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Form990

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Page 7

InformationAbout Officers, Directors, Trustees, FoundationManagers, Highly Paid Employees,Part VIII and Contractors

1 List all officers, directors, trustees, foundationmanagers and their compensation (seeinstructions).

Title, and average (c) Compensation ( If ( d )Contributions to employee

( a ) Name and address hours per week not paid, enterExpense account ,

benefitplansand deferred otherallowances( b ) devotedto position

compensation

SHELDONH SOLOW PRESIDENT

9 WEST 57THSTREET

NEW YORK, NY 10019

STEFAN SOLOVIEV VICE PRESIDENT

259 WEST 57TH STREET

NEW YORK NY 10019

STEVEN WEYMOUTH CFO

259 WEST57THSTREET

NEWYORK, NY 10019

2 Compensationoffivehighest- paidemployees( otherthanthoseincludedonline 1 - see instructions) . Ifnone, enter" NONE. "

Contributions to(a ) Title , and average

Name and address of each employee paid hours per weekemployeebenefit Expenseaccount,

( c ) Compensation( b devotedto position

plans and deferredmore than $ 50,000

( e other allowances(d ) compensation

NONE

3

Total numberof other employeespaidover $ 50,000.

Five highest-paid independentcontractorsfor professionalservices( see instructions). Ifnone, enter" NONE"

a ) Nameandaddress of each person more than $ 50,000 ( b ) Type of service ( c ) CompensationNONE

Total number of others receiving over $50,000 for professional services .PartIX- A Summary DirectCharitableActivities

Listthe foundation'sfourlargestdirectcharitableactivitiesduringthetax year Includerelevantstatisticalinformationsuchas the numberoforganizationsand otherbeneficiariesserved, conferencesconvened, researchpapersproduced, etc

1 THE FOUNDATIONMAINTAINSANDDISPLAYSARTWORKFOREXHIBITIONTO THE PUBLICAT THE 9 WEST57THSTREET, NEW YORK BUILDING

Expenses

2

Part IX- B Summary of Program-Related Investments ( see instructions)Describe the two largest program -related investments made by the foundation during the tax year on lines 1 and 2

1

Amount

2

All other program - related investments See instructions3

Total. Add lines 1 through 3

Form990- PF (2017)

Page8

a

1,715,018

�

1,715,018

e

1,715,018

Form990

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PF

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2017

)

Part

X

MinimumInvestmentReturn

(

AlldomesticfoundationsmustcompletethispartForeignfoundations

,

seeinstructions

1

Fairmarketvalueofassetsnotused

(

orheldforuse

)

directlyincarryingoutcharitable

,

etc

,

purposes

Average monthly fair market value of securities . 1a

b Averageof monthlycash balances. 1b

Fair marketvalue of all other assets ( see instructions). 1cd Total (add lines , , and c ). 1d

Reduction claimed for blockage or other factors reported on lines and1c ( attach detailed explanation) .

2 Acquisition indebtedness applicable to line 1 assets.3 Subtract line 2 from line 1d . 3

4 Cash deemed held for charitable activities Enter 1 1/ 2 % of line 3 ( for greater amount, seeinstructions) . 4

5 Netvalueof noncharitable-useassets. Subtract line 4 fromline3 Enterhere and on Part V line 4 5

6 Minimuminvestmentreturn. Enter 5% of line 5 . 6

DistributableAmount ( see instructions) ( Section 4942( ) and ( ) private operating foundations and certain foreignPartXI

organizationscheckhere and do not complete part )1 Minimuminvestmentreturnfrom Part X , line 6 . 1

2a Tax on investment income for 2017 from Part VI, line 5 . 2ab Income tax for 2017 (This does not includethe tax from Part VI ). 2b

Add lines 2a and 2b. 2c3 Distributableamount before adjustments Subtract line 2c from line 1. 3

4 Recoveries of amounts treated as qualifying distributions. 4

5 Add lines 3 and 4. 5

6 Deduction from distributable amount (see instructions ) . 6

7 Distributableamount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII , line 1. 7

25,725

1,689,293

84,465

�

a

1b

N

PartXII Qualifying Distributions (see instructions )1 Amounts paid ( including administrative expenses) to accomplish charitable, etc , purposes

Expenses, contributions , gifts, etc from Part I , column (d ) , line 26. 151,295b Program- related investments- total from Part IX-B.

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable , etc ,

purposes. 23 Amounts set aside for specific charitable projects that satisfy the

Suitability test ( prior IRS approval required) . 3a

b Cash distribution test ( attach the required schedule) . 3b4 Qualifying distributions. Add lines la through 3b Enter here and on Part V, line 8, and Part XIII , line 4 4 151,2955 Foundations that qualify under section 4940 ( ) for the reduced rate of tax on net investment

income Enter 1% of Part I line 27b (see instructions ) .6 Adjusted qualifyingdistributions. Subtract line 5 from line 4 . 151,295

Note : The amount on line 6 will be used in Part V , column ( b ) , in subsequent years when calculating whether the foundation qualifies forthe section 4940 ( ) reduction of tax in those years

Form 990- PF (2017)

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5

6

Page9

( b )Years prior to 2016

( )2016

( d )2017

a

e

M

Form990

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PF

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2017

)

PartXIIIUndistributedIncome

(

seeinstructions

)( a )

Corpus1 Distributableamountfor 2017 from Part XI, line 72 Undistributedincome, if any, as of the end of 2017a Enteramount for 2016only.b Total for prioryears 20 20 20_

3 Excess distributionscarryover, any, to 2017From 2012.

From 2013.

From 2014 .

d From 2015.

From 2016.f Total of lines 3a through e.

4 Qualifyingdistributionsfor 2017 from PartXII , line 4

a Applied to 2016 , but not more than line 2a

b Applied to undistributed income of prior years( Election required - see instructions) .

c Treated as distributions out of corpus (Electionrequired- see instructions) .

d Applied 2017distributableamount.e Remainingamount distributedout of corpus

5 Excess distributionscarryoverapplied to 2017( Ifan amountappearsincolumn ( d ), the

sameamountmustbe shownin column( a) )6 Enterthe net total of each columnas

indicatedbelow:

a Corpus Add lines , 4c, and 4e Subtract line 5

b Prior years' undistributed income Subtractline 4b from line 2b

c Enterthe amount of prioryears' undistributedincomefor whicha noticeof deficiencyhas

been issued, or on whichthe section4942( a )

tax hasbeen previouslyassessed.d Subtractline 6c from line 6b Taxableamount

-see instructions .e Undistributed income for 2016 Subtract line

4a from line2a Taxableamount- see

instructions

f Undistributed income for 2017 Subtractlines4dand fromline 1 This amountmust

be distributed in 2018 .

7 Amounts treated as distributions out ofcorpusto satisfy requirementsimposedby

section 170( b ) ( 1 ) ( F) or 4942( 9 ) ( 3 ) ( Electionmaybe required - see instructions ) .

8 Excess distributions carryover from 2012 notapplied on line 5 or line 7 ( see instructions) .

9 Excess distributionscarryover to 2018.Subtractlines7 and 8 from line .

10 Analysisof line 9

Excess from 2013 .b Excess from 2014 .

Excess from 2015 .

d Excess from 2016 .

e Excess from 2017 .

a

Form 990- PF (2017)

Tax year

0

a

Form990

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PF

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2017

) Page 10Part XIV Private Operating Foundations ( see instructions and Part VII - A , question 9 )

If thefoundationhas receiveda rulingor determinationletterthat it is a privateoperatingfoundation, andthe ruling is effectivefor 2017, enterthe dateof the ruling.

1991-04-05

b Check box to indicate whether the organization is a private operating foundation described in section ( ) ( 3 ) or 4942 ( ) ( 5 )2a Enter the lesser of the adjusted net Prior 3 years

income from Part I or the minimum ( e Totalinvestment return from Part X for each ( a ) 2017 ( b ) 2016 ( c ) 2015 ( d) 2014

year listedb 85% of line 2a .

c Qualifying distributionsfrom Part XII,line 4 for each year listed 151,295 169,478 129,028 22,422 472,223Amounts included in line 2c not useddirectly for active conduct of exemptactivities 151,295 169,478 129,028 22,422 472,223

e Qualifyingdistributionsmadedirectlyfor active conduct of exempt activitiesSubtract line 2d from line 2c

3 Complete 3a , b , or c for thealternativetest relied upon"Assets" alternativetest- enter

( 1 ) Value of all assets 345,095,753 345,145,910 345,041,993 331,104,026 1,366,387,682

( 2 ) Value of assets qualifyingunder section 4942( ) ( 3) ( B ) ( 343,392,800 343,392,800 343,545,200 331,097,700 1,361,428,500

b " Endowment" alternativetest- enter 2/3of minimuminvestmentreturnshownin

Part X, line 6 for each year listed.

c Support" alternative test- enter

( 1 ) Total support other than grossinvestmentincome( interestdividends, rents, paymentson securitiesloans( section512( a ) ( 5 ) ) , orroyalties) .

( 2 ) Supportfrom general publicand 5 or moreexemptorganizationsas providedin

section4942 ) )( B ) ( ).( 3 ) Largestamountof support

from an exemptorganization(4 ) Grossinvestmentincome

Supplementary Information ( Complete this part only if the organization had $ 5,000 or more inPart XV

assets at any timeduring the year - see instructions.1 InformationRegarding Foundation Managers:

any managers of the foundation who have contributed more than 2% of the total contributions received by the foundationbefore the close of any tax year ( but only they have contributed more than $5,000 ) ( See section 507( d ) ( 2)SHELDONH SOLOW

b List any managersof the foundationwho own 10% or moreof the stock of a corporation( or an equally largeportionof theownership of a partnership or other entity ) of which the foundation has a 10% or greater interest

a

2 InformationRegardingContribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Checkhere foundationonly makescontributionsto preselectedcharitableorganizationsand does not acceptunsolicitedrequestsfor funds If the foundationmakesgifts, grants, etc (see instructions) to individualsor organizationsunderotherconditions, completeitems 2a, b c, and d

a The name, address, and telephonenumberor e - mail address of the personto whom applicationsshouldbe addressedSHELDONH SOLOW9 WEST57THSTREET

NEW YORK, NY 10019( 212) 751-1100

b The form in which applicationsshould be submitted and informationand materials they should includeNO SPECIFIC FORM OF GRANT APPLICATION OR INFORMATIONAND MATERIALS

submission deadlines

NO SUBMISSION DEADLINE

d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions , or otherfactors

NORESTRICTIONSOR LIMITATIONSON AWARDS

Form 990 - PF (2017 )

Page11

Amount

Form 990- PF (2017)PartXV SupplementaryInformation( continued)

3 Grantsand ContributionsPaidDuringthe Yearor Approvedfor FuturePayment

Recipient If recipientis an individual, Foundationshow any relationshipto Purpose of grant or

statusofany foundation manager contribution

Name and address ( homeor business) or substantialcontributorrecipient

a Paidduring the yearNEW YORK UNIVERSITY EDUCATIONALPO BOX 6706

HAGERSTOWN, MD 21741

THE METROPOLITANMUSEUMOF ART ANNUALFUND5TH AVENUE

NEW YORK, NY 10028

25,000

11,500

3a 36,500Total

b Approvedforfuturepayment

Total 3b

Form 990- PF (2017)

Form990

-

PF

(

2017

)

PartXVI

- A

AnalysisofIncome

-

ProducingActivities

Page 12

UnrelatedbusinessincomeEnter gross amounts unless otherwise indicated Excluded by section 512, 513, or 514

( e )Related or exempt

functionincome

( See instructions)( a )

Business code( b )

Amount( c )

Exclusion code( d )

Amount1 Programservice revenue

a

d

e

f

g Feesand contractsfrom governmentagencies2 Membershipdues and assessments.3 Intereston savings and temporarycash

investments

4 Dividends and interest from securities.

5 Net rental income or ( loss) from real estate

a Debt-financedproperty.b Not debt-financed property.

6 Net rental income or ( loss ) from personal property7 Other investment income.8 Gain or ( loss ) from sales of assets other than

inventory

9 Net income or ( loss) from special events

10 Gross profitor ( loss) from sales of inventory11 Other revenue a

b

d

e

12 Subtotal Add columns (b ) , ( d ) , and ( e ) .13 Total . Add line 12, columns (b ) , ( d) , and ( e) . 13

( worksheetin line 13instructionsto verify calculationsPartXVI- B Relationshipof Activitiesto the Accomplishmentof ExemptPurposes

LineNo. Explainbelow how eachactivityfor which income is reportedin column ( e ) of PartXVI- A contributedimportantlytothe accomplishmentof the foundation'sexempt purposes( other than by providingfunds for suchpurposes) ( Seeinstructions

Form 990- PF (2017)

Page 13

No

No

No

Form 990- PF ( 2017 )

InformationRegardingTransfersTo andTransactionsand RelationshipsWithNoncharitablePartXVII ExemptOrganizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501( c ) of the Code (other than section 501(c) (3 ) organizations) or in section 527, relating to political organizations? Yes

a Transfers from the reporting foundation to a noncharitable exempt organization of( 1) Cash 1a( 1)(2 ) Other assets. 1a ( 2)

b Other transactions

( 1) Sales of assets to a noncharitable exempt organization . 1b ( 1)(2 ) Purchases of assets from a noncharitable exempt organization . 2)(3 ) Rental of facilities, equipment, or other assets. 3 )(4 ) Reimbursement arrangements .(5 ) Loans or loan guarantees. 1b 5 )(6 Performanceof servicesor membershipor fundraisingsolicitations. 6

c Sharing of facilities , equipment , mailing lists, other assets , or paid employees .d If the answerto any of the above is " Yes," completethe followingschedule Column ( b ) should alwaysshow the fair marketvalue

of the goods , other assets , or services given by the reporting foundation If the foundation received less than fair market valuein any transaction or sharing arrangement , show in column ( d ) the value of the goods , other assets , or services received

No

No

No

No

No

No

No

( a ) LineNo ( b ) Amountinvolved ( c ) Name of noncharitable exemptorganization ( d ) Descriptionof transfers, transactions, and sharing arrangements

Yes2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax -exempt organizations

describedin section 501( c) of theCode (other than section 501(c) ( ) ) or in section 527

b If " Yes, " complete the followingschedule(a ) Name of organization ( b ) Type of organization ( c ) Descriptionof relationship

SignHere

Underpenaltiesof perjury, I declare that I have examinedthis return, includingaccompanyingschedulesand statements, and to the bestof my knowledgeand belief, it is true, correct, and complete Declarationof preparer ( otherthan taxpayer) is basedon all informationof

which preparerhas any knowledge

May the IRS discuss this2019-03-31

with the preparer shownbelow

Signature of officer or trustee Date Title instr

******

return

Print/ Type preparer's name Preparer's Signature Date PTINCheck selfemployed

ALLISON BRACK 2019-03-30Paid

Preparer Firm'snameUseOnly

CITRINCOOPERMAN& COMPANYLLPFirm'sEIN 22-2428965

address 529 FIFTHAVENUE

Phone no ( 212 ) 697-1000NEW YORK , NY 100174683

Form 990- PF (2017)

DLN: 93491099002119efile GRAPHIC print - DO NOTPROCESS As Filed Data

TY 2017 Accounting Fees Schedule

Name : THE SOLOW ART & ARCHITECTURE FOUNDATION:

EIN: 13-3614971

AccountingFeesSchedule

Category Amount Net Investment

Income

Adjusted NetIncome

Disbursements

for Charitable

Purposes

ACCOUNTINGFEES 5,750 5,750

efile GRAPHIC print - DO NOT PROCESS As Filed Data DLN: 93491099002119

TY 2017 OtherAssetsSchedule

Name : THE SOLOW ART & ARCHITECTURE FOUNDATION

EIN: 13-3614971

Other Assets Schedule

Description Beginningof Year -

BookValue

EndofYear- Book

Value

Endof Year- Fair

MarketValue

ARTWORK- VARIOUS 626,614 626,614 1,892,800

BOTTICELLI, PORTRAIT OF A YOUNG MAN ( 99 % INTEREST) 60,150,000 60,150,000 84,150,000

JOAN MIRO TRIPTYCH ( 100% INTEREST) 34,950,090 34,950,090 60,000,000

MATISSE, ACROBATS PAINTING ( 100% INTEREST) 18,667,500 18,667,500 25,000,000

14,550,000 14,550,000100% INTEREST IN THE GIACOMETTI GRANDE FEMME

DEBOUTI

45,000,000

27,400,000 27,400,000 40,000,000THE STEVEDORES( COAL BARGES) BY VINCENTVAN GOGH

( 100% INTEREST)

DECLININGNUDE BY GLEN BROWN 2,091,683 2,091,683 2,000,000

MIRO , PEINTURE , 1927 37,758,890 37,758,890 40,000,000

ALEXEJ VON JAWLENSKY, STILLLEBEN MIT BLUMEN UNDORANGEN 1909

4,013,160 4,013,160 4,000,000

ROYLICHTENSTEINGIRLINMIRROR, 1964 3,844,926 3,844,926 6,000,000

ALEXANDER CALDER, LA FEUILLE JAUNE, 1954 2,129,326 2,129,326 3,500,000

CY TWOMBLY UNTITLED, 1961OIL 3,833,747 3,833,747 2,500,000

JEAN- MICHAEL BASQUIAT PARTS, 1984 2,039,619 2,039,619 3,500,000

OISEAULUNAIRE, JOAN MIRO 3,750,000 3,750,000 25,000,000

DLN: 93491099002119efile GRAPHIC print - DO NOT PROCESS As Filed Data -

TY 2017 Other Expenses Schedule

Name: THE SOLOW ART & ARCHITECTURE FOUNDATION

EIN: 13-3614971

Other Expenses Schedule

Description Revenue and

Expenses perBooks

Net Investment

Income

Adjusted NetIncome

Disbursementsfor

Charitable

Purposes

NYS FILING FEE 1,500 1,500

DELAWAREANNUALREPORTFEE 25 25

INSURANCE 107,520 107,520

As Filed Data DLN: 93491099002119efile GRAPHICprint- DO NOTPROCESS

TY 2017TaxesSchedule

Name: THE SOLOW ART & ARCHITECTURE FOUNDATION

EIN: 13-3614971

Category Amount Net InvestmentIncome

AdjustedNetIncome

Disbursementsfor Charitable

Purposes

FEDERALEXCISETAX, PENALTIESAND INTEREST 12,157

2017

efile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93491099002119

ScheduleB ScheduleofContributorsOMB No 1545-0047

( Form 990, 990-EZ,or 990-PF ) Form990, 990- EZ, or 990-PFDepartmentof theTreasury InformationaboutScheduleB (Form990, 990- EZ, or 990-PF) and its instructionsis atInternalRevenueService www irs / form990

Name of the organization EmployeridentificationnumberTHE SOLOWART & ARCHITECTUREFOUNDATION

13-3614971

Organization type (check one)

Filersof: Section:

Form990 or 990- EZ501 (c ( ) number ) organization

4947(a ) ( 1 ) nonexemptcharitabletrust not treated as a privatefoundation

527 politicalorganization

Form990- PF ) exempt privatefoundation

(a ( 1) nonexemptcharitabletrust treatedas a privatefoundation

501 (c)(3) taxable private foundation

Check your organizationis coveredby the GeneralRuleor a SpecialRule.Note. Only a section501(c )(7 ) , (8 ) , or (10) organizationcan check boxesfor both the GeneralRuleand a SpecialRule See instructions

General Rule

For an organization filing Form 990, 990- EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more ( inmoney or other property ) from any one contributor Complete Parts I and See instructions for determining a contributor's totalcontributions

Special Rules

For an organizationdescribed in section 501(c ) (3 ) filing Form 990 or990- EZ that met the 33 support test of the regulations

under sections509(a ) 1) and 170(b ) (1 (A ) that checked ScheduleA ( Form 990 or 990-EZ), Part II , line 13, 16a, or 16b, and thatreceived from any one contributor, duringthe year, total contributionsof the greaterof (1 ) $5,000 or (2 ) 2% of the amounton ( ) Form

990 Part VIII, line 1h, or ( ) Form990- EZ, line 1 Complete Parts I and

Foran organizationdescribedin section501(c ) (7 ) , (8 ) , or ( 10) filing Form 990 or 990- EZ that receivedfrom any onecontributor,duringthe year , totalcontributionsof more than $ 1,000exclusively for religious, charitable, scientific, literary, oreducational

purposes, or for the preventionof crueltyto childrenor animals CompleteParts , II, and III

For an organizationdescribed in section 501(c ) (7 ) , (8 ) , or ( 10) filing Form 990 or 990- EZ that received from any one contributor,

duringthe year , contributionsexclusivelyfor religious, charitable, etc purposes, but no such contributionstotaled more than $ 1,000

If this box is checked, enter here the total contributionsthat were receivedduringthe year for an exclusivelyreligious, charitable, etcpurpose Don'tcomplete any of the parts unlessthe GeneralRuleappliesto this organizationbecauseit receivednonexclusively

religious, charitable, etc , contributionstotaling $ 5,000or more duringthe year

Caution. An organizationthat isn't covered by the GeneralRule and/ or the Special Rulesdoesn't file ScheduleB (Form 990,990- EZ, or 990-PF) , but it must answer on Part IV, line 2 , of its Form 990, or check the box on line H its

Form990- EZ or on its Form990PF, Part I, line 2 , to certify that it doesn'tmeet the filing requirementsofScheduleB (Form 990,

990- EZ, or 990-PF)

Cat No 30613X Schedule B ( Form 990, 990 - EZ, or 990-PF) (2017)For Paperwork ReductionAct Notice, see the Instructionsfor Form 990, 990- EZ, or 990-PF

Page 2ScheduleB (Form990, 990-EZ, or 990- PF) (2017)

NameoforganizationTHE SOLOW ART & ARCHITECTUREFOUNDATION

Employeridentificationnumber13-3614971

( a )No.

Contributors (See instructions) Use duplicate copies of Part additional space is needed

(b) ( )Name, address, and ZIP + 4 Total contributions

SHELDON H

(d )

Type of contribution

Person1

9 WEST 57THSTREETPayroll

$ 113,295 Noncash

NEW YORK, NY10019

( a )No.

(b )

Name, address, and ZIP + 4( )

Total contributions

(CompletePartII for noncash

contributions

(d )Typeofcontribution

Person

Payroll

$ Noncash

( a )No.

(b )

Name, address, and ZIP + 4( c)

Total contributions

(Complete Part for noncashcontributions

(d )Type of contribution

Person

Payroll

$ Noncash

( a )No.

( b )

Name, address, andZIP + 4( C)

Totalcontributions

(CompletePartII for noncash

contributions

(d )

Typeofcontribution

Person

Payroll

Noncash$

( a )No.

( b )

Name, address, andZIP + 4( c )

Total contributions

(CompletePart for noncashcontributions

(d )Typeofcontribution

Person

Payroll

$Noncash

( a )No.

( b )

Name, address, and ZIP + 4( c )

Totalcontributions

(CompletePart for noncashcontributions

(d )

Type contribution

Person

Payroll

Noncash$

( Complete Part II for noncash

contributions

Schedule B ( Form 990, 990- EZ, or 990-PF) (2017 )

Schedule B (Form 990, 990-EZ, or 990- PF) (2017 )

Name of organizationTHE SOLOW ART & ARCHITECTURE FOUNDATION

Page 3

Employer identification number

13-3614971

Part NoncashProperty(See instructions) Useduplicate copies of Part spaceis needed

a )No. from Part

(b )Descriptionof noncashpropertygiven

( )FMV ( or estimate)

( See instructions)

( d )Datereceived

$

( a )No. from Part

(b)

Descriptionof noncashproperty given

( )FMV( or estimate)

( See instructions)

( d )

Date received

$

( a )No. from Part

(b )

Descriptionof noncashproperty given

( c )FMV ( or estimate)

( Seeinstructions)

( d )Datereceived

$

(a )No.fromPart

(b )

Descriptionof noncashproperty given

( c )FMV ( or estimate)

( See instructions)

( d )Date received

$

(a)No. from Part

( b )

Descriptionof noncashproperty given

( c)FMV( or estimate)

( See instructions )

( d )

Date received

$

( a )No.fromPart

( b )

Descriptionof noncashproperty given

(c )FMV ( or estimate )

(See instructions)

( d )

Date received

$

Schedule B (Form 990, 990- EZ, 990-PF) (2017)

ScheduleB (Form 990, 990-EZ, or 990- PF) (2017) Page4Nameoforganization Employer identification numberTHE SOLOW ART & ARCHITECTURE FOUNDATION

13-3614971Part Exclusivelyreligious, charitable, etc., contributionsto organizationsdescribedinsection501(c) ( 7) ( ) , or(10) thattotal more

than $1,000for the year fromanyonecontributor. Completecolumns(a ) through(e ) andthe followinglineentry. For

organizationscompletingPartIII enterthe totalof exclusivelyreligious, charitable, etc., contributionsof $1,000or lessfortheyear. (Enterthis informationonce. Seeinstructions.)Useduplicatecopies of Part III if additionalspaceis needed

( a )No. from Part

( b ) Purposeofgift ( ) Use of gift (d ) Descriptionof howgift is held

(e ) Transfer of gift

Relationship of transferor to transfereeTransferee's name, address, and ZIP 4

(a )No. from Part ( b) Purposeofgift ( c ) Use of gift (d ) Description of how gift is held

(e ) Transfer of gift

Relationshipof transferor to transfereeTransferee's name, address, and ZIP 4

( a )

No.fromPart ( b) Purposeofgift ( c ) Use of gift (d ) Descriptionof howgift is held

(e ) Transfer of gift

Relationship of transferor to transfereeTransferee's name, address , and ZIP 4

(a )No.fromPart ( b ) Purpose of gift ( c ) Use of gift (d ) Descriptionof how gift is held

Transferee's name, address , and ZIP 4(e ) Transfer of gift

Relationship of transferor to transferee

Schedule B ( Form 990 , 990- EZ, or 990- PF) ( 2017)