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Our institution has been donated a piece of artwork. Can we sell it and claim the cash value as a donation for matching?

April 26, 2017artwork cash claim donated donation institution matching piece sell value

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Our institution has been donated a piece of artwork. Can we sell it and claim the cash value as a donation for matching?

1 Answer

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10 Posted

No. Only donations of cash or shares are eligible for matched funding. If the donor sells the artwork and donates the income from the sale to the institution, this can be matched.