You Get Part Of The Painting This Year, Part Next year…

Since the American federal tax law changed in 1969, arts institutions can benefit enormously from fractional giving. “And donors like it because they can spread their tax write-offs over a longer period of time while also continuing to enjoy the artwork. The museum and donor sign an agreement called a deed of gift.” The donor reaps write-offs while gradually giving small percentages of paintings and other art objects to a museum, which eventually takes ownership of the artwork.”