Tuesday, April 20, 2010
Erica Guyer, an associate at Withers LLP, has published an article on charitable gifts in relation to art museum deaccessioning practices.
Recent press regarding deaccessioning has raised some concerns among donors that their past or contemplated future donations could be sold by the donee institution. These concerns should not discourage charitable gifting, but should instead encourage donors to articulate their intentions with donee institutions and in clearly drafted gift agreements and testamentary instruments.
On the subject of the pending Brodsky Bill, Guyer adds, "a one-size- fits-all regulation undermines the diverse circumstances affecting cultural institutions considering deaccessioning." Guyer's entire article, Charitable Gifts in a Climate of Deaccessioning, can be viewed here via Martindale-Hubbell.com.
Posted by Sergio Muñoz Sarmiento at 4:54 PM