High Quality Content by WIKIPEDIA articles! K Foundation Burn a Million Quid was an action that took place on 23 August 1994, in which the K Foundation (an art duo consisting of Bill Drummond and Jimmy Cauty) burned cash in the amount of one million pounds sterling 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.