Knowledge Center

Thursday, October 01, 2015

"Double Exposure: The Benefit of Private Operating Foundations for Collectors"

by Richard M. Horwood

Family Foundation Advisor, Sep/Oct 2015

"The impact of taxes on collectors is an important aspect of managing an art collection. This article explores the use of a private operating foundation to avoid income, sales, and estate taxes and create an immediate charitable tax deduction. This approach facilitates primary goals collectors typically have: enjoyment, control, and tax efficiency. Thus, they achieve "double exposure" - still seeing the collection after giving it away."

To read more, please view the entire article.


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