K Foundation


The K Foundation was an art foundation set up by Bill Drummond and Jimmy Cauty (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 burnt 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.

Art work facts:

On 23 August 1994, the K Foundation (Bill Drummond and Jimmy Cauty) burnt one million pounds sterling in cash on the Scottish island of Jura. This money represented the bulk of the K Foundation's funds, earned by Drummond and Cauty as The KLF, one of the United Kingdom's most successful pop groups of the early 1990s. The duo have never fully explained their motivations for the burning.

The incineration was recorded on a Hi-8 video camera by K Foundation collaborator Gimpo. In August 1995, the film—Watch the K Foundation Burn a Million pounds—was toured around the UK, with Drummond and Cauty engaging each audience in debate about the burning and its meaning. In November 1995, the duo pledged to dissolve the K Foundation and to refrain from public discussion of the burning for a period of 23 years.

Personal response:

This kind of art doesn't work on me. My personal thoughts about it is madness. Whats the point to burn a million pounds, when it it people that are starving all around the world.

Additional Information:

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