Issue: Charitable Giving

Issue

Museums depend on charitable gifts for more than one-third of their operating funds. We support efforts to extend and expand incentives for charitable giving. Limitations on these incentives could have a chilling effect on the ability of museums to attract donations needed to serve their communities and protect their collections.

We oppose proposals that would limit the scope or value of the tax deduction for charitable donations, as well as any proposal to restrict the deductibility of gifts of property, which are critical to a museum’s ability to develop its collections. Any comprehensive tax reform legislation should encourage more charitable giving by more Americans. We support allowing artists to deduct the fair market value of donated works, as specified in the Artist-Museum Partnership Act.

Download the PDF of the full Charitable Giving Issue Brief

Supporting Letters and Testimony

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