A Tax Law That Could Hurt Museums

New tax law in America may make art collectors less willing to donate to museums. “This may be a calculation remote from most people’s lives, but museum directors say they depend on this intricate system of financial incentives to stimulate people’s generosity and attract works that the museum could never afford to buy. If the balance between the advantages of donating versus selling shifts, wealthy individuals will be much less likely to give a valuable painting or sculpture away.”