Hi everyone,
I'm looking for some information regarding the use of funds from the deaccessioning of objects in the permanent collection. I remember attending a workshop last year that mentioned that the funds are restricted to acquisition of items for the collection and that funds not being used in that way could have repercussions towards the non-profit from the IRS. Can anybody clarify this for me and direct me to a site that specifically has that information. I was asked by one of our board members to research this information. There seems to be a lot of confusion surrounding this topic, so any help would be appreciated.
Thanks,
Julie
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