American Alliance of Museums To Give and To Receive: A Handbook on Collection Gifts and Donations for Museums and Donors, 2nd Edition (American Alliance of Museums)

Product Description To Give and To Receive: A Handbook on Gifts and Donations for Museums and Donors, Second Edition covers the process of substantiating the value of a gift and the obligations of the donor and donee. It is a concise guide on tax incentives for gifts of art, historic objects, and many other types of collectible material to not-for-profit institutions. This second edition includes: ·Current museum best practices ·Recent changes in IRS regulations enacted in 2019, including IRS 8283 Non Cash Charitable Contributions and revised IRS definitions of the standards for qualified appraisal and qualified appraiser and the mandated appraiser declaration ·New art professionals' case studies and legal case notes on copyright law Beth J. Parker Miller, Amy McKune, Laurette E. McCarthy and Romy M. Vreeland were the major contributors without whom this resource would not be possible. The 2020 edition also includes expert case notes by Helen A. Harrison, Luke Nikas and Maaren Shah, Jeffrey Patchen, as well as Elizabeth Morton's updated section on cultural patrimony and Robert Simon and MacKenzie Mallon's contribution on provenance. These additions focus on perspectives in collection management, provenance research, due diligence, cultural patrimony, and legal issues related to gifts to museums. This authoritative guide is intended for museums and donors alike, providing valuable information on the donation process, current standards and best practices, ethical and legal issues, and IRS updates and valuation considerations to include: ·Up-to-date information on gifts to museum collections and related new and updated IRS regulations ·Guidance to organize and implement a gifting plan with practical advice in making decisions on collection gifts ·Broader applicability to family members, attorneys, estate bankers, foundations and financial advisors who help inform gift and donation decisions Review We installed our first public sculpture exhibit in 1999 because our university feared that technology's galloping pace could eclipse the significance of many of the humanities' great ideas. After 20 years of collecting art, we are glad took bold steps. You need this guide to help you navigate the waters and put you on everyone's radar!--Judy Jacobi, Assistant Vice Chancellor, University Art Collections, Purdue University Northwest Progressive tax incentives have for generations rewarded the American public with great artworks donated to museums by generous patrons. Theobald's Handbook on the ever-evolving details of these incentives is required reading for museum professionals and potential donors alike. This important book will save countless hours of inquiry on the part of both donor and donees. More importantly, it will facilitate the beneficial transfer of cultural heritage from living rooms to museum galleries."--Maxwell L. Anderson, President, Souls Grown Deep Foundation & Community Partnership To Give and To Receive, Second Edition is a smart practical guide to navigating museum donations. It provides a comprehensive summary of collections gift management, as well as highlights best practices for museum professionals. I look forward to this addition to my resource library.--Kate Brueggemann, Vice President, Development, Adler Planetarium With constantly changing tax-incentives or disincentives for donations and at a time of increasing concern around the climate changes we have wrought on the planet, having a guide at your fingertips is necessary for the consideration of donations of works of art. Objects of art are how we define ourselves as institutions. How will the changing landscape affect those definitions? As the story unfolds, we should all have this book by our side.--Franklin Sirnams, director, Pérez Art Museum Miami About the Author Sharon Smith Theobald, ASA, Editor, has served as the Director of Art Museum of Greater Lafayette where she served as curator for over 100 exhibitions while developing The Baber