10.11.8 Gift Giving to the University Art Collection (Revised as of 2/26/14)
POLICY
Gifts of works of art or funds to the UAC must conform to the UAC’s Mission, Collection Development Policy, and related conditions set out in APPM section 10.11.2 under “Policy.†Decisions to accept or refuse gifts of artwork will be made by the University Art Collection Committee. All gifts are coordinated with the Development and Alumni Affairs Office of Wayne
State University. The value of donations is deductible for personal or corporate tax purposes to the fullest extent of the law.
Acceptance of gifts/bequests of artwork (gifts-in-kind) is made with the understanding that there are to be no limiting conditions or restrictions regarding their use. The UAC reserves the right to determine whether any item donated will be accessioned into the collection, where it will be stored, and how it will be made accessible. The UAC reserves the right to exchange, donate, sell or discard gifts-in-kind in accordance with the UAC’s policies and procedures as set out in APPM section 10.11.4, “Deaccession.†Gifts or bequests of works of art, for the sole purpose of sales to generate income supporting the UAC’s mission, shall be evaluated by the University Art Collection Committee in accordance with
the policy guidelines set out under APPM section 10.11.2. Gifts or bequests accepted for the sole purpose of sales shall not be accessioned into the UAC. The conduct of such sales shall adhere to relevant professional standards concerning transparency and the avoidance of conflicts of interest among Wayne State University officials and staff.
PROCEDURES
RESPONSIBILITY | ACTION |
Potential donor |
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Curator/Coordinator and Development Office |
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Development and Alumni Affairs Office |
|
Curator/Coordinator |
|
Prospective Donor |
|
Curator/Coordinator |
|
UAC Committee |
|
Curator/Coordinator |
|
Donor |
|
Curator/Coordinator
|
|
Donor |
|
Curator/Coordinator |
|
Vice President, Treasurer and Chief Financial Officer |
|
Curator/Coordinator |
|
Curator/Coordinator and/or Development Officer |
|
Development and Alumni Affairs |
|