K Foundation | |
|---|---|
 An early K Foundation advert: "Time is running in" | |
| Background information | |
| Origin | United Kingdom |
| Years active | 1993–1995 |
| Past members | Jimmy Cauty Bill Drummond |
The K Foundation was an art foundation set up by Jimmy Cauty and Bill Drummond, formerly of The KLF, in 1993, following their 'retirement' from the music industry. The Foundation served as an artistic outlet for the duo's post-retirement KLF income. Between 1993 and 1995, they spent this money in a number of ways, including on a series of Situationist-inspired press adverts and extravagant subversions in the art world, focusing in particular on the Turner Prize. Most notoriously, when their plans to use banknotes as part of a work of art fell through, they burned a million pounds in cash.
The K Foundation announced a 23-year moratorium on all projects from November 1995. They further indicated that they would not speak about the burning of the million pounds during the period of this moratorium.