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  • HOME
  • CREATING THE MEANINGFUL TRANSACTION
  • FEATURED ARTWORK & TRANSACTIONS
  • FEATURED NONPROFITS
  • POV: MARKET OVERVIEW/POTENTIAL
  • POV: CURRENT AFFAIRS
  • NONPROFIT REGISTRY
  • ARTWORK SUBMISSION
  • THE MAT REPORTER
  • ABOUT
  • CONTACT

Creating the Meaningful Transaction: Donor

Artwork donors, buyers, sellers, this is how it’s done:

​Full Donation

of limited edition prints, LEP

As of 12/2016 there are 2 methods by which to realize a tax benefit:​
​
  • Donate to a 501c3 organization that will display, have within in its collection for a minimum of 3 years (art museum, retirement homes) for current fair market value, FMV, benefit to the donor.
 
  • Or donate to any other 501c3 for the original purchase price amount as the benefit.

Tax regulations regarding non cash contributions becomes more complex for items over $5,000. 

Consult a tax specialist for the details.
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original artwork ​

Tax benefit equals the amount donated which is dependent upon whether the donor is the artist, the producer of ​reproduced art, or the owner/seller/purchaser. Consult a tax specialist to know which applies.

transaction sales commission

Whether it be a private or auction transaction a commission amount is donated to the nonprofit at either the seller’s or buyer's tax benefit.

For example: owner of a high end painting approaches BFA to determine the optimum sales venue and to manage a transaction that will be either a private or auction transfer. In either case a commission (auction houses will often donate a commission) will be a nonprofit donation, and a tax deductible benefit to the donor.
Partial Donation

percentage of the sale price

The first meaningful transaction BFA performed was a donation of 50% of the sales price of an original. The second, 5%.
Simple Giving

To any nonprofit.

Although there is no measurable monetary value realized in straight out giving, a naturally occurring benefit is always present often taking a most surprising route back to the giver along with an immeasurable gain.
​In conclusion, it is our experience that when someone engages in a meaningful transaction the pleasure and enhanced value that comes with this type of action transfers to the artwork itself expanding the delight a piece brings to the owner, one that is felt each time the piece is viewed.

​Participants enjoy the process so much more than the same old, same old, that they anticipate their next meaningful transaction.

​

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