This message will be of interest mainly to development officers in US
museums.

The new budget agreement renews and makes permanent the tax provision
allowing full deductibility for gifts of appreciated stock to private
non-operating foundations.  This does not affect museums directly
(because they are not non-operating foundations) but it will provide a
powerful incentive for gifts to foundations, which, in turn, will make
grants to museums.  NOTE:  gifts of stock directly to museums were and
remain fully deductible.

Andy Finch
AAM Government Affairs
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