Giving artworks and collections to museums abroad
Donating art is a philanthropic tradition dating back centuries. And today, the passion among donors for passing on beloved artworks and sharing them with broader audiences is as intense as ever. However, while charitable contributions of art can be highly rewarding, they also pose unique challenges, especially when they involve an art institution overseas.
Working with KBFUS, you will gain a knowledgeable partner to navigate the cultural, legal and tax complexities involved in donating art overseas. Through KBFUS ART, we receive artworks and collections from U.S. donors, and place them in museums and other cultural institutions all across Europe and Africa. We can work with an institution that you have a close affinity with, or identify an appropriate location in the country of your choice.
KBFUS ART operates under the guidance of our Art Advisory Committee. With their support, we make sure that donated artworks are displayed in the best possible environment, used in temporary exhibitions or made available for research, according to the donor’s wishes and instructions.
Over the past 3 years, we have facilitated gifts for the Royal Museums of Fine Arts in Brussels, the University of Bologna, and the Rijksmuseum and the Van Gogh Museum in Amsterdam, to name a few examples. As for gifts of cash, since KBFUS is a Section 501(c)(3) public charity, donors may claim the maximum tax benefits allowed by U.S. tax law for contributions of artworks.
Read more about Gifts of Artworks – Important Tax Considerations
Any further questions? Please contact us at [email protected] or (212) 713-7660.