(A Resolution for adopting these Guidelines as official policy was enacted by the IDADA Board of Directors on January 6, 2010)
IDADA will only promote or endorse fundraising events that solicit art donations if the event organizer adheres to the following guidelines:
1) Establish a minimum bid that is approved by the artist;
2) Offer a 60/40 split with the artist (or other equitable percentage agreeable to artist and organization);
3) Provide the following information to the artist prior to acceptance of artwork:
a) Contact
b) Name:
c) Contact Phone:
d) Contact Email:
e) Organization:
f) Description of Event:
b) Name:
c) Contact Phone:
d) Contact Email:
e) Organization:
f) Description of Event:
Event Name:
Event Date:
Location:
How many people will be attending?
Who will be attending the event?
What other items are being donated?
Event Date:
Location:
How many people will be attending?
Who will be attending the event?
What other items are being donated?
g) Will the artist’s name/item be promoted?
4) If possible provide the artist with tickets to the event;
5) Provide the artist with the purchaser’s name, contact info, and selling price;
6) Provide the artist with a tax receipt for the donation. Please understand artists are NOT allowed tax deductions for the value of their donations. Artists are only permitted to deduct the cost of materials.Donating Artwork
The decision to donate your artwork is more of a personal choice than a business one. Many groups soliciting artwork donations for their silent auctions business-related results such as exposure, recognition, and a tax deduction but in the end what the artist is most likely to receive is a warm feeling for donating to a good cause.
Exposure and recognition are powerful motivations for an artist; putting money into marketing, materials and studio space is a good investment. Fundraising organizers may claim that donating a piece of art can be translated into paying money for publicity, but the reality is the publicity gained is rarely worth the amount of the artwork. A very successful fundraiser was overheard recently gloating over the amounts her auction brought in stating “and the art was all free!”
Donating to non-profits is a wonderful way to support great causes, but artists like everyone else must be judicious in picking the right events for them personally. Before artists donate artwork to an auction or for another fundraiser, there are a few things to be aware of.
- Because the fundraisers are typically about another topic, the artwork is rarely the focal point and thus does not generate the great exposure the organizers sometimes promise.
- The artwork is typically purchased for much less than its fair market value and thus the patron may be less likely to purchase the work outside of an auction setting for the full price.
- Even though the organizers may tell you otherwise, it is important to be aware that under current federal law, artists may only deduct the cost of the materials when donating artwork to a non-profit organization. You, as the artist, may not deduct the fair market value of the work.
If you decide to give to an auction, IDADA’s suggestion for a fair fundraiser would be to offer the artwork with a minimum bid with 60 percent of the sale price going to the artist and 40 percent to the organization.
Reasons to Donate Your Art
. "It’s great visibility," they tell you. Maybe. If you're an art student or an emerging artist and you pick your causes carefully, yes, you may get some visibility and attention. Some local dealers do look around for who and what’s hot at these events. A collector might acquire a piece at the beginning of your career and remain supportive as your career develops.
. Is there an illustrated catalog? Even midcareer artists might appreciate the boost of a full-page color image and a listing in the "Bibliography" section of your resume.
go to: idada.org for more information!
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