However for the donor, it’s an enormous deal. In all probability a very powerful query is whether or not the donor can declare a tax deduction, and in that case, for a way a lot. Usually, when an artwork collector donates an paintings to an artwork museum, the collector can deduct the worth of the donated paintings from their taxable earnings, decreasing their federal tax invoice. Why? Artwork museums are often charities and donations to charities are tax deductible.
