David Hockney Foundation
In 2012, Hockney, worth an estimated $55.2 million (approx. £36.1m) transferred paintings valued at $124.2 million (approx. £81.5m) to the David Hockney Foundation, and gave an additional $1.2 million (approx. £0.79m) in cash to help fund the foundation's operations. The artist plans to give away the paintings, through the foundation, to galleries including the Los Angeles County Museum of Art and the Tate in London.
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