Archive for April 2018
Artists and Tax Law
Have you been wondering why is it so difficult to get artists to donate to your organization? Artists cannot receive a tax deduction for the value of their art. For example, a painter who has spent months to finish a painting and could sell the painting to a customer for $30,000 can only get tax…
Read MoreThe Metropolitan Museum of Art is Set for a Brighter Future
This blog post is Part 2 of a pair of posts which looks at the Metropolitan Museum of Art’s decision to charge a mandatory admission fee. —- The Metropolitan Museum of Art made a decision that could greatly raise and stabilize their revenue. The museum will be charging $25 for the general admission fee. The…
Read MoreThe Metropolitan Museum of Art’s New Policy, a Failure for a Public Institution
This is the first post of two that will explore the Metropolitan Museum of Art’s new admission policy. Each post takes the opposite stance about the policy. Starting in March 2018, the Metropolitan Museum of Art said goodbye to its “pay as you wish” policy. The new general admission fee is $25, which is considered…
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