Established in 1985 though the generosity of Lee Krasner-one of the foremost abstract expressionist painters of the 20th century, the Foundation is a leader in providing resources to emerging and established artists. To date, the Pollock-Krasner Foundation has awarded nearly 5,000 grants to professional artists and organizations in 78 countries, for a total of over $82 million. Through its individual artist grants, the Foundation provides financial resources for artists to create new work, acquire supplies, rent studio space, prepare exhibitions, attend a residency and offset living expenses, allowing them to better pursue their art. The Foundation also provides grants to organizations that directly engage with artists, such as museums and galleries by funding exhibitions and artist residency programs. The Foundation also supports exhibitions and scholarship about Krasner and Pollock artwork. The Foundation also recognizes artistic excellence through two special awards, the Lee Krasner Award and the Pollock Prize for Creativity.