K Foundation

The K Foundation was an arts foundation set up by Bill Drummond and Jimmy Cauty in 1993 following their retirement from the music industry. Essentially the K Foundation consisted purely of the money that duo made as The KLF. From 1993 to 1995 they spent the money in a number of ways including a series of Situationist-inspired press adverts and an extravagant subversion of the art world, in particular the Turner Prize. Most notoriously, when their plans to use the money as part of a work of art fell through, they burnt a million pounds in cash.

Related Topics:
Arts foundation - Bill Drummond - Jimmy Cauty - The KLF - Situationist - Turner Prize - Art

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The K Foundation was wound up on November 5th, 1995 when Drummond and Cauty selected the (incredibly obscure) Workshop For A Non-Linear Architecture bulletin to announce a moratorium on K Foundation projects. Part of their announcement also indicated that they would not speak about the burning of the million pounds during the period of this moratorium

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