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Tal,

My understanding of this situation is that the value of the donation must be
determined by the artist in consultation with his tax advisor. Your letter
acknowledging the donation can indicate that as well - that the value will
be determined in just that manner.

I hope this is helpful and good luck!

Chris

Chris Wallace, Associate
David Heil and Associates, Inc.
4614 SW Kelly Ave., Ste. 100
Portland, OR 97239
(p) 503.245.2102  (f) 503.245.2628
[log in to unmask]
www.davidheil.com



> From: Tal Berman <[log in to unmask]>
> Reply-To: Informal Science Education Network <[log in to unmask]>
> Date: Fri, 18 Sep 2009 00:06:24 +0300
> To: <[log in to unmask]>
> Subject: donation of bronze sculptures
> 
> ISEN-ASTC-L is a service of the Association of Science-Technology Centers
> Incorporated, a worldwide network of science museums and related institutions.
> *****************************************************************************
> 
>  
> 
> Dear colleagues,
> 
> I would like to know if any one can help me with the following problem
> that we face recreantly. Perhaps any one already had similar situation
> and we can use your experience .
> 
> We have been made an offer by a west coast artist to receive a set of
> bronze sculptures of famous scientist, as a donation
> 
> The artist of course wants to receive a tax refund on the actual value
> of the sculptures, rather than the metal value (which off course he have
> invoice for). 
> 
> Turns out that this is not that simple, - how are we going to deal with
> the IRS? What should be declared to the IRS? How do you set the true
> value of sculptures? The work, studio maintenance etc.
> 
> If anyone has an idea....
> 
> We are interesting in this donation, and obviously we are   interesting
> that the artist will get full compensation  for his work.
> 
> It is important to state that although we are an Israeli national
> museum' our friends of the museum society is situated in the states' and
> is a 501c3 organization which can receive tax refunds in the US.
> 
>  
> 
> Thank you
> 
> Tal
> 
> Tal Berman; Ph.D.
> Head of the Exhibits wing
> The Israel National Museum of Science, Technology & Space;
> Daniel and Matilde Recanati Center
> 25 Shmaryahu Levin St.; Haifa, 31448; ISRAEL.
> Tel: +972-4-861-4452 Fax: +972-4-861-4352; Cell': +972-54-6115577
> Email:  <blocked::mailto:[log in to unmask]> [log in to unmask]; Site:
> <blocked::http://www.madatech.org.il/> http://www.madatech.org.il
> Skype: tal_berman
> 
> 
> 
>  LONGITUDE 320 48.587' N   LATITUDE 0340 59.790' E
> 
> 
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For information about the Association of Science-Technology Centers and the Informal Science Education Network please visit www.astc.org.

Check out the latest case studies and reviews on ExhibitFiles at www.exhibitfiles.org.

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