Foundation for Cultural Review

The Foundation for Cultural Review promotes and fosters the discussion of cultural and intellectual activities, especially as it relates to American thought and life. 1 The foundation publishes The New Criterion, a right-leaning monthly literary magazine and journal focused on the arts and intellectual life. 2

At-A-Glance

Formation:

1982  3

Vice Chair:

Rogar Kimball

Vice Chair’s Salary (2021):

$284,960 4

Location: New York, NY View on map
Tax ID: 13-3108424
Most Recent Filing: 2025
Budget (2025): Assets: $17,189,833 Revenue: $4,486,821 Expenses: $3,883,727

Contents

    Background

    The Foundation for Cultural Review says it wants to foster, promote, encourage, and finance research, discussion, and publication in the broad fields of cultural, intellectual and aesthetic activities in the context of American thought and life. 3

    The foundation publishes The New Criterion, founded in 1982 by Hilton Kramer, a former art critic for the New York Times, and Samuel Lipman, a music critic and pianist and music critic for Commentary. 2 The magazine is published monthly from September through June. 5

    The New Criterion’s other initiatives include a Visiting Critic program, the Hilton Kramer Fellowship, a podcast series featuring its executive editor James Panero, and publications by Encounter Books. 6

    The early funders of the Foundation for Cultural Review included the John M. Olin Foundation. 7

    The New Criterion

    Hilton Kramer was the founding editor of The New Criterion in 1982. Kramer began his career as an art critic as editor of Arts Digest in 1953. Kramer began working for the New York Times as an art critic in the 1960s. After almost two decades, Kramer left the Times at age 54 to co-found The New Criterion. 7

    Kamer was also the art critic for the New York Observer from 1987 to 2006 and wrote the “Media Watch” column for the New York Post from 1993 to 1997. He was born in 1928 and died in 2012. 8

    Kramer named the magazine after T.S. Eliot’s British journal called The Criterion that was published in the 1920s and 1930s. 7

    Samuel Lipman was the first publisher of The New Criterion.  He was a concert pianist and wrote music criticism for Commentary. He was a member of the National Council on the Arts. Lipman was born in 1934 and died in 1994. 9

    The first issue of The New Criterion featured pieces by Commentary editor Norman Podhoretz, English literary critic F.R. Leavis, and Joseph Epstein, neoconservative editor of the American Scholar. Kramer wrote the lead essay titled “Postmodern: Art and Culture in the 1980s.” 7

    The magazine has been critical of the National Endowment for the Arts and has regularly criticized liberalism, deconstructivism, Marxism, Black studies, and feminist studies. 7 10

    It has focused on what it claims to be “the dismal state of academia” since its inaugural issue in 1982. To combat the alleged “woke” multiculturalist agenda in academia, The New Criterion has convened a symposium on “affirmative action & the law” and said it plans to hold future symposiums aimed at helping conservatives compete against left-wing radical agendas. 6

    Though some of the original neoconservatives influenced its founding, the magazine devoted its January 2018 issue to populism in America. Also, the magazine’s editor Roger Kimball wrote a July 2017 piece for the pro-Donald Trump publication American Greatness titled “Donald Trump as Pericles” about a speech then-President Trump gave in Warsaw, Poland. 11

    Leadership and Staff

    James Panero is the executive editor of The New Criterion and was on the staff since 2022. 12 He is a former editor of National Review. 13

    Roger Kimball is the vice chair of the board of the Foundation for Cultural Review, the editor and publisher of The New Criterion, and the president and publisher of Encounter Books. Kimball sits on the board of the Manhattan Institute for Policy Research and is the chair of the William F. Buckley Jr. Program at Yale. His books include The Fortunes of Permanence: Culture and Anarchy in an Age of Amnesia, The Long March: How the Cultural Revolution of the 1960s Changed America, and Tenured Radicals: How Politics Has Corrupted Our Higher Education. Kimball was a member of boards for Gilder-Lehrman Institute of American History, St. John’s College, and Transaction Publishers. 14

    Benjamin Riley is the managing editor of The New Criterion. He came to the publication as the Hilton Kramer Fellow in Criticism at The New Criterion. He graduated from Dartmouth, and was the president and publisher of the Dartmouth Review. 15

    Adam Kirsch is the poetry editor of The New Criterion. He is also an editor of The Wall Street Journal’s weekend Review section. He is the author of several books, including The People and the Books: 18 Classics of Jewish Literature, Why Trilling Matters, and Who Wants to Be a Jewish Writer? Essays. In 2013, he was a judge for the Pulitzer Prize for Poetry. He attended Columbia University and Sarah Lawrence College. 16

    James Piereson is the chairman of the board of the Foundation for Cultural Review. 17 He a senior fellow at the Manhattan Institute and president of the William E. Simon Foundation. Piereson is a former executive director of the John M. Olin Foundation. Piereson sits on the boards of the Pinkerton Foundation, the Thomas W. Smith Foundation, the Center for Individual Rights, the Philanthropy Roundtable, the American Spectator Foundation, the Hoover Institution, and DonorsTrust. 18

    Russell Pennoyer is the treasurer of the board of the Foundation for Cultural Review. 17 Pennoyer is the vice chair of the board of the Hudson Institute, the chair of the William T. Grant Foundation, and the president of the Achelous and Bodman Foundations. 19

    Erich Eichman is a board member. 17 He is the deputy books editor of The Wall Street Journal. Eichman formerly worked as an associate editor of Harper’s Magazine and as managing editor of The New Criterion. 20

    Other members of the board include Christopher Laconi, secretary; Lionel Goldfrank; Marco Grassi; Stephen Jenks; Richard Miller, Jr.; and Peter Pettus. 17

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $17,189,833 $4,486,821 $3,883,727 View
    2024 $15,950,761 $3,835,954 $3,510,545 View
    2023 $14,305,006 $3,547,710 $3,280,104 View
    2022 $12,052,369 $4,249,129 $2,987,418 View
    2021 $12,988,890 $3,961,284 $2,339,314 View

    Prior year filings: 2020, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 9

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Roger KimballVICE CHAIRMA$345,960
    James PaneroEXECUTIVE DI$269,175
    Benjamin RileyMANAGING EDI$117,000
    Caetlynn J BoothOFFICE MANAG$103,717

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $20,437,280
    • Number of Grants: 509
    • Number of Funders: 131

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $360,0002024 Sarah Scaife Foundation IncorporatedGENERAL OPERATING SUPPORT
    $360,0002023 Sarah Scaife Foundation IncorporatedGENERAL OPERATING SUPPORT
    $360,0002022 Sarah Scaife Foundation IncorporatedGENERAL OPERATING SUPPORT
    $360,0002021 Sarah Scaife Foundation IncorporatedGENERAL OPERATING SUPPORT
    $360,0002020 Sarah Scaife Foundation IncorporatedGENERAL OPERATING SUPPORT
    $225,0002024 The Lynde and Harry Bradley Foundation IncTo support The New Criterion
    $225,0002023 The Lynde and Harry Bradley Foundation IncTo support The New Criterion
    $225,0002022 The Lynde and Harry Bradley Foundation IncTo support The New Criterion
    $225,0002021 The Lynde and Harry Bradley Foundation IncTo support The New Criterion
    $200,0002025 Thomas W Smith Foundation IncPUBLIC POLICY
    $200,0002022 Hickory FoundationCHARITABLE
    $200,0002021 Thomas W Smith Foundation IncPUBLIC POLICY
    $200,0002020 The Lynde and Harry Bradley Foundation IncTo support The New Criterion
    $200,0002020 Hickory FoundationCHARITABLE
    $175,0002020 Thomas W Smith Foundation IncPUBLIC POLICY
    $165,0002021 Gale FoundationUnrestricted
    $150,0002024 Hickory FoundationCHARITABLE
    $150,0002023 Gale FoundationUnrestricted
    $150,0002022 Gale FoundationUnrestricted
    $150,0002021 Donors Trust Incto support The New Criterion
    $150,0002021 Hickory FoundationCHARITABLE
    $140,0002023 Hickory FoundationCHARITABLE
    $125,0002020 Gale FoundationUnrestricted
    $110,0002020 Donors Trust Incin support of The New Criterion
    $100,0002025 Gale FoundationUnrestricted

    References

    1. Foundation for Cultural Review, Return of Organization Exempt from Income Tax (Form 990), 2021, Part I, Line 1.
    2. “ About.” The New Criterion. Accessed June 18, 2023. https://newcriterion.com/about.
    3. Foundation for Cultural Review. Cause IQ. Accessed January 14, 2024. https://www.causeiq.com/organizations/foundation-for-cultural-review,133108424/
    4. Foundation for Cultural Review, Return of Organization Exempt from Income Tax (Form 990), 2021, Part VII, Section A, Line 1a.
    5. “About.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/about
    6. “Donate.” The New Criterion. Accessed June 19, 2023. https://newcriterion.com/donate
    7. Knight, Christopher. “The Little Journal That Can’t : The New Criterion, now in its 10th year under Hilton Kramer, has looked to neoconservative doctrine as its muse.” The Lost Angeles Times. December 29, 1991. Accessed January 14, 2024. https://www.latimes.com/archives/la-xpm-1991-12-29-ca-1737-story.html
    8.  “Hilton Kramer.” The New Criterion. Accessed January 14, 2024.  https://newcriterion.com/author/hilton-kramer
    9. [1] “Samuel Lipman.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/author/samuel-lipman
    10. Honan, William H. “Think Tank; ; At 20, a Conservative Gadfly Can Still Bite.” The New York Times. September 15, 2001. Accessed January 14, 2024. https://www.nytimes.com/2001/09/15/arts/think-tank-at-20-a-conservative-gadfly-can-still-bite.html
    11. Ganz, John. “The Decline of The New Criterion.” The Baffler. January 10, 2018. Accessed January 14, 2024. https://thebaffler.com/latest/decline-of-the-new-criterion-ganz
    12. “James Panero.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/author/james-panero
    13. “Biography.” James Panero. Accessed June 14, 2023. https://jamespanero.com/#biography
    14. “Roger Kimball.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/author/roger-kimball
    15. “Benjamin Riley.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/author/benjamin-riley
    16. “Adam Kirsh.” The New Criterion. Accessed January 14, 2024. https://newcriterion.com/author/adam-kirsch
    18. “James Piereson.” Manhattan Institute. Accessed June 18, 2023. https://manhattan.institute/person/james-piereson
    19.  “Russell Pennoyer.” Hudson Institute. Accessed June 18, 2023. https://www.hudson.org/experts/1062-russell-pennoyer
    20. “Erich Eichman.” The Wall Street Journal. Accessed June 18, 2023. https://www.wsj.com/news/author/erich-eichman.