While many foundations are cutting back arts grants, the Warhol Foundation has increased the amount it is giving away this year by 20 percent. “It isn’t that the foundation is such a smart investor, although putting lots of money into bonds has helped. And it isn’t just that the foundation continues to profit from sales of Warhol’s work. “We wanted to send a message. Even in bad times, a lot of people have a lot of money. Sometimes they can do more, spending some of that money in bad times than in more plentiful times.”