Pollock-krasner foundation
DEFINITION
Created in 1984 after the death of Lee Krasner as part of her bequest, the foundation by 2004 had awarded $37 million through 2,608 grants to artists in 65 countries. In memory of artist Krasner and her artist husband, Jackson Pollock, the foundation has the mission of helping needy artists. It is a one-year prize intended to help with personal or professional expenses, child care and medical treatment. Source: ARTnews, November 2004, p. 54