Editing K Foundation (section)

{{Short description|Art foundation set up by Jimmy Cauty and Bill Drummond}}
{{Use dmy dates|date=August 2015}}
{{Use British English|date=August 2015}}
{{Infobox musical artist
| name                = K Foundation
| image                 = K Foundation - Time is running out.jpg
| caption            = An early K Foundation advert: "Time is running in"
| image_size            = 130
| background          = group_or_band
| alias               = 
| origin              = United Kingdom
| genre               = 
| years_active        = 1993–1995
| label               = 
| associated_acts     = 
| website                 = 
| current_members     = 
| past_members        = [[Jimmy Cauty]]<br/>[[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 International|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 [[K Foundation Burn a Million Quid|burned a million pounds in cash]].

The K Foundation announced a 23-year [[wiktionary:moratorium|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.