ARTIST-MUSEUM PARTNERSHIP ACT, S. 548 or H.R.1524
(To amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.)

This Bill is getting a renewed push; listen to the sponsor, Sen. Leahy, on NPR here:
http://www.npr.org/templates/story/story.php?storyId=87809209

I experience this issue a lot. As an artist and gallery owner, I am asked to donate my own work, work of the artists I represent, or to directly ask the artist to donate. My response to the asker is,

“I’d be happy to donate work to your cause (or organization), however I cannot do so until Congress changes the law on such donations. Currently artists are only able to deduct the cost of materials. Collectors and patrons, however, are allowed to donate the work and receive a fair-market-value juegos de poker on linejuegos polly pokercasino virtualesgratis kenofree online kenocasinos internacionales portales internetpremio dinero portalesruleta cromaticajuegos azar linearoulette paginas webcasinos internacionales internetapuesta portal webjugar interactivo portal internetmaquinas tragaperras onlinebaccarat casinokeno casinojuegos de casino para pcapuesta onlineganancias casinos pagina internetloteria navidadjugar a ruletacasinos espana onlineganar dinero verdadero webjuego paginas internetganar premio portal webcasinos internacionales webjuego tragaperraspremio dinero portalcasinos espana webcasino gamesall slots casinonumeros salidores ruletajuego interactivo lineacasinos internacionales pagina internetcasinos paginas internetjuego seguro portal internetganancias casinos portalestrucos ganar ruletatrucos casinocircus circus casino resortmaquinas tragaperras portalesjuegos apuestas portal internetsistema ruletajugar apostar portales internetapuesta dineroapuesta dinero portaljugar baccarat en linealos mejores casinos en lineajuego instantaneo lineacasino online ruleta deduction. If you have a patron who would like to purchase the work and then in turn donate it, I’d be happy to help you with that. This way, everyone is able to take full advantage of the current process. The artist gets paid for the value of their work, the collector is able to receive a tax deduction, and your organization will most likely receive a larger sum for the work.”

This response usually educates the person asking. Most of them do not know that the artist is allowed to write off only the cost of materials. They asker usually touts the benefits of donating – such as the tax write-off (false) and the potential to reach new patrons. While the potential is definitely there – most of the donating artists I know hardly ever reap the financial reward of the donation.

Also, I find that there is a trend of budget-savvy art collectors who now know they can find art “steals” at charity events. These collectors are no longer going to galleries or artists to purchase work; they wait for the silent auction and get a piece for 1/3 of its value. Please consider this when donating your work. I admit – I’ve done it myself! Donate to causes you believe in and support wholeheartedly.

Americans for the Arts has a simple link that you can use to sign the petition here:
http://www.capwiz.com/artsusa/issues/alert/?alertid=9521951&type=CO

Thanks for your time,
Dede Peters
ddp gallery
Fayetteville, AR
www.ddpgallery.com/