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Art Donors Give to Smaller Nonprofits

Post date: 
November 5th, 2015
Article Type: 
External News Article
Article Topic: 
Arts & Culture

Los Angeles art adviser and collector Elaine Gans was uncertain, at first, where to donate a large painting by San Francisco Bay Area artist Tom Holland. It was “one of his most important pieces,” Ms. Gans says.

If she gave it to an art museum, the painting risked being put in storage and forgotten, Ms. Gans says. A museum also might not have accepted it, she adds. So, earlier this year, she donated the painting to Cedars-Sinai Medical Center in Los Angeles.

It’s a choice made by a growing number of art collectors who want to donate artwork as part of their estate plan. Instead of going the usual route and donating to an art museum, they are turning to such nonprofits as hospitals, libraries, retirement centers and nursing homes.

Link to article: 
http://www.wsj.com/articles/art-donors-give-to-smaller-nonprofits-1446433546

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