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Home Personal Finance

The dos and don’ts of donating art to museums

newszabi@gmail.com by newszabi@gmail.com
July 8, 2025
in Personal Finance
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The dos and don’ts of donating art to museums
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One of many greatest errors {that a} collector could make when deciding to donate artwork is to imagine that their favorite museum will need it. “Collectors typically suppose, ‘I reside in Chicago, so I wish to give this to the Artwork Institute of Chicago,’ however 99 per cent of the time they’re going to say no,” says Michael Darling, co-founder of Museum Alternate.

Based in 2020, Museum Alternate is the primary — and solely — matchmaking platform for aspiring artwork donors and US and Canadian museums; it goals to keep away from these rejections.

As an alternative of providing artworks to museums immediately, would-be donors record these items they wish to give away in one in all Museum Alternate’s on-line catalogues. Museums and different non-profit establishments then submit proposals for artwork that pursuits them. “We assist collectors discover museums that might profit from their piece and, likelihood is, put it on view extra typically than a giant marquee museum,” says Darling.

In 2024, 551 artworks have been donated via Museum Alternate, which expenses donors a flat charge for each paintings efficiently donated and likewise helps with cataloguing, value determinations, delivery and tax kinds.

Main artwork establishments are actually grappling with unwieldy everlasting collections, finite area and, in some instances, diminished budgets for cataloguing, storing, conserving and insuring new works. From programmes corresponding to Museum Alternate to upfront expectations that money will accompany work, collectors are having to alter the way in which they donate artwork to museums and galleries.

That’s complicating issues for aspiring donors, notably given the appreciable tax breaks obtainable for collectors or their estates. Almost 40 per cent of respondents to the 2024 Artwork Basel and UBS Survey of International Gathering mentioned they wished to donate a few of their artwork to a museum or different charity within the subsequent 12 months.

The result’s a balancing act. Establishments are actively looking for donations of artwork that fills gaps of their collections or advances acquisition objectives, corresponding to bettering variety, whereas attempting to not appear ungrateful for turning down the overwhelming majority of unsolicited donations.

Woman in a light pink blazer stands on a curved walkway near abstract artwork in a minimalist gallery
Naomi Beckwith, deputy director and chief curator on the Guggenheim Museum in New York © Jonah Rosenberg for the FT

“The method of gifting to museums has grown in scale,” says Naomi Beckwith, deputy director and chief curator on the Guggenheim Museum in New York. “There’s extra quantity, which places establishments ready to actually take into consideration priorities, and that will not be such a nasty factor on each side.” The Guggenheim is accumulating extra strategically, with a give attention to variety and innovation, and Beckwith says that when attempting to alter the composition of an unlimited everlasting assortment, each donation counts.


After they lived in Seattle, Washington, collectors Cathy and Michael Casteel donated artwork from their assortment on to native museums. However after relocating to La Jolla, California, in 2023, they started utilizing Museum Alternate to donate artwork to establishments that have been new to them all around the US, together with college artwork museums and hospitals.

The platform is an environment friendly approach for establishments to fill gaps of their everlasting collections. Gary Tinterow, director of the Museum of Effective Arts, Houston (MFAH) says the museum has obtained greater than 4 dozen works by way of Museum Alternate, together with items by Christian Marclay and Marta Minujín. “I believe it’s terrific and it does fulfil a necessity,” he says.

Most of the new approaches to donating artwork additionally contain cash. Establishments are asking for money endowments to assist the conservation, analysis, insurance coverage and storage of direct donations of labor. That may shock would-be donors. “It didn’t occur earlier than Covid as typically because it’s taking place now,” says Rosemary Ringwald, head of artwork planning at Financial institution of America, the place she assists collectors with their tax and property plans. She says that because the starting of the pandemic, museums have struggled with closures, lay-offs and funds cuts. “I’m seeing this push and pull between collectors and museums throughout negotiations.”

The present of Joan Mitchell’s six-metre-long triptych “Iva” (1973) to Tate this April by Jorge M and Darlene Pérez got here with an endowment to assist fund curatorial posts devoted to work on African and Latin American artwork. Additionally included was the promise of the donation of extra works by African and African diaspora artists from the Pérez Assortment within the coming years. It was an indication of how complicated and multi-layered main donations will be.

A woman in a black blouse and trousers and a man in a black suit stand either side of a woman in a brightly patterned dress in front of a large abstract painting with huge blue passages
Tate director Maria Balshaw, centre, Jorge M Perez, proper and Darlene Perez, left, in entrance of Joan Mitchell’s ‘Iva’ (1973) © Ben Stansall/AFP by way of Getty Photographs

The donation, the results of a long-standing relationship between Tate and the Pérezes, suits with Tate’s coverage of accumulating much less, however extra strategically, specializing in work by under-represented artists. “‘Iva’ is a very necessary portray, a gorgeous, jaw-dropping triptych, and a piece that might be completely unobtainable to us in any other case,” says Gregor Muir, Tate’s director of assortment. “We merely should give attention to absolutely the priorities and that’s works which might be transformative and strategic.”

In fact, cash is at all times welcome. The Bukhman Basis’s donation of £1mn to the UK’s Nationwide Portrait Gallery in March for portraits by up to date artists has enabled it to purchase works by Hew Locke and Sonia Boyce.


There are additionally extra market-based drivers of donations. Beneath “purchase one, present one” offers, collectors looking for work by an in-demand up to date artist agree to purchase two items — protecting one and donating the opposite to a museum.

These offers can profit collectors, galleries, artists and establishments. “They’re extraordinarily useful to museums, which regularly will not be going to dive into speculative markets themselves the place younger artists’ work is being valued at near one million {dollars},” says Tinterow, including that the MFAH has obtained a number of necessary work made previously couple of years via these agreements.

Nonetheless, they’ll irritate collectors, who really feel they’re being compelled to purchase two works simply to get one, and result in conflicts between collectors and galleries about which establishments will profit. Typically galleries can not discover a museum that wishes the second portray. These agreements have grow to be much less prevalent because the ultra-contemporary artwork market has softened.

Beckwith believes that museums have grow to be savvier about these agreements. “I believe everyone seems to be now good sufficient to know when this can be a focused technique or a real supply of a future relationship,” she says.

Given their monetary and area constraints, main establishments are most certainly to simply accept particular person or small teams of artworks reasonably than total collections until they’re distinctive, as with Leonard Lauder’s Cubist trove gifted to the Metropolitan Museum in New York.

New York-based artwork adviser Megan Fox Kelly says she is working with the house owners of a really massive assortment who wish to donate it to a museum that already owns a few of the identical artists, so doesn’t need the gathering in its entirety. “We’re having conversations about whether or not the house owners would entertain one other establishment, even an establishment that they haven’t been concerned with earlier than, or breaking it up between totally different establishments,” she says.

In a shifting panorama, potential donors would do properly to talk on to museum administrators or curators — or seek the advice of an artwork adviser — to grasp an establishment’s tax standing, mission, acquisition coverage and accumulating priorities. Ideally, collectors also needs to give museums the pliability to lend or de-accession (promote) artworks as their wants change.

The Guggenheim’s Beckwith says that collectors ought to construct long-term relationships with museums that curiosity them. “Be a part of the patrons’ teams, work with curators to teach your self whereas supporting the mission and imaginative and prescient of that establishment,” she says. “That will likely be among the finest shaping forces in your assortment and enable you to perceive the way it can reside in establishments in perpetuity.”



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