The K Foundation was an arts foundation established by Drummond and Cauty in 1993 following their 'retirement' from the music industry. From 1993 to 1995 they engaged in art projects and media campaigns, including the high-profile K Foundation art award (for the "worst artist of the year"), and in 1993 released a limited edition single – "K Cera Cera" – in Israel and Palestine "to create awareness of peace in the world". They burnt what was left of their KLF earnings – a million pounds in cash – and filmed the performance. Cauty and Drummond announced a 23-year moratorium on all K Foundation activities in November 1995.