Gifting an art work to the Queensland Art Gallery ensures it becomes part of a significant Australian public art collection, is expertly cared for, and is enjoyed by future generations. More than a third of the Gallery's Collection has been acquired as a result of donations by visionary and generous individuals.
Gifts to the Gallery are managed by the Queensland Art Gallery Foundation. Donors receive status at the appropriate Foundation membership level based on the value of the art work at the time of gifting.
Donors of works of art may also be eligible for tax benefits under the Federal Government's Cultural Gifts Program, which encourages greater corporate and personal philanthropy towards the arts in Australia. The program was established in 1978 to encourage gifts of culturally significant items to public art galleries, museums and libraries. Since its inception, almost $400 million in gifts have been made to our nation's cultural institutions.
The program offers donors the benefit of a tax deduction for the market value of their gift under Subdivision 30-A of the Income Tax Assessment Act 1997. Deductions may be apportioned over a period of up to five years. In addition, most gifts obtained by the donor after 19 September 1985 are exempt from capital gains tax.
The program is administered by the Department of the Environment, Water, Heritage and the Arts with the advice of the Committee on Taxation Incentives for the Arts.
Works of art acquired by the Gallery, either by gift or purchase, must further the vision for the Collection as outlined in the Gallery's Acquisitions Policy. Potential donors are therefore invited to discuss their work(s) with the following curators, as the first step in the gifting process. Gallery staff will then assist with organising valuations and liaising with the administrators of the Cultural Gifts Program.
