"a museum that completes Form 8283 and then disposes of the object
within two years of the date of the gift also must file with the IRS a
completed Form 8282 (a form used to report donated property that has
been sold, exchanged, or otherwise dispsosed of) and send a copy to the
donor. If the appraised value of the donated object does not exceed $500
at the time of donation or if the museum uses, consumes, or distributes
the donated property in a way that is consistent with its tax-exempt
purpose (for example, transferring a painting to another institution),
then it is exempt from the IRS Form 8282 reporting requirement."

The CFO of our organization tells me this is partially accurate.  As long as
the museum retains ownership of the object, the Museum can do anything with
it.  If however, ownership is transferred within the 2 year period, an 8282
must be filed for any object or collection which origianlly required an 8283
at the time of donation.

Rich White, Director
International Wildlife Museum

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