Quote:
Originally Posted by NoBozo
I'll take it one step further. You will love this. When the museum that you donated the artifact to decides to SELL the artifact, You..the donor will be offered the First opportunity to BUY the artifact back.
I am not making this up. I have seriously looked into this.  NB |
I'm not shocked. Makes a certain amount of sense. But from a PR standpoint, it would be preferable to regift to the donor or designee. Unless we're talking about a Picasso Blue Period work or some such. In that case, there needs to be frontend due diligence to ensure a post-possession process.
Sorry to be wonky, but my background is in nonprof compliance. And I love museums and wish they'd get with the program. Non profit rules will tighten as well as compliance. Some of the ones in our footprint could get stung bad. Boat museums that sell boats. WWII museums that sell WWII trucks. Jeez. Seems like Wolfeboro is just begging the IRS to reexamine 501 status.