I think the minimum time on selling collections objects, with donor
permission, is in the 3rd year after the year in which the tax deduction was
taken and assuming "use" was made during that time.  But check with your tax
advisors.  10 yrs seems OK.  The internal collections policy may have
stipulations about how the revenue from that sale is to be used.

Julia Muney Moore
Director of Exhibitions and Artist Services
Indianapolis Art Center
820 E. 67th St.
Indianapolis, IN  46220
(317) 255-2464 x233
FAX (317) 254-0486
email <[log in to unmask]>


--- Susan Floyd <[log in to unmask]> wrote:
My question is:  if there
> has been a tax deduction
> by the donor at the time the estate closed, is it
> illegal to sell these items
> for profit at all?  "Attention shall be given to IRS
> rules and regulations
> regarding exchange or resale of items donated to the
> Society for tax
> advantage."  How can I find out about this clause?
> Any comments would be appreciated.
> Susan Floyd
>
>

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