K Foundation Burn a Million Quid was a work of performance art executed on 23 August 1994 in which the K Foundation, an art duo consisting of Bill Drummond and Jimmy Cauty, burned £1 million (equivalent to £2.1 million in 2021) in the back of a disused boathouse on the Ardfin Estate on the Scottish island of Jura. The money represented the bulk of the K Foundation's funds that had been previously earned by Drummond and Cauty as the KLF.