Cultural Gifts PROGRAM VALUATION
Donation of artwork to cultural institutions under the Australian Government’s Cultural Gifts Program has become a widely accepted and welcomed form of art philanthropy in this country.
- Benefits to donors are numerous and include;
- tax incentives in the form of deductions
- capital gains tax exemptions
- assisting to build and enhance our nation's public collections.
- Since its establishment in 1978, over $608 million worth of items have been donated through the Cultural Gifts Program. These include;
- visual and decorative arts,
- Indigenous arts,
- cultural artefacts,
- social history,
- scientific collections and
- archival material.
- BCFA will outline the steps you need to take towards donation of artwork, and advise on the valuation process.
- You may also access information about the CGP, a donation checklist, a list of participating institutions and tax incentives at http://www.arts.gov.au/tax_incentives/cgp
BCFA CGP Valuations
- Brenda Colahan has conducted many hundreds of Cultural Gifts Program valuations for leading Australian State and Regional galleries, museums, and institutions.
- BCFA has been engaged by collectors, philanthropists, gallerists and renowned artists to undertake independent valuations for gifting under the government’s CGP.
- BCFA has also undertaken valuation through the Australian Valuation Office for gifting under the Philanthropy Program.
BCFA Institutional clients include:
National Gallery of Australia Australian National University Art Gallery |
Art Gallery of NSW Bond University |
Canberra Regional Gallery | Casula Powerhouse |
Cowra Regional Gallery | Deakin University Gallery |
Gold Coast City Gallery | Grafton Regional Gallery |
Hamilton Regional Gallery | University of Technology, Sydney (UTS) |
La Trobe University | Lismore Regional Gallery |
Manly Regional Art Gallery | Museum of Contemporary Art, Sydney (MCA) |
Melbourne Jewish Museum | Moree Plains Gallery |
Muswellbrook Regional Arts Centre | New England Regional NERUM |
Powerhouse Museum Sydney | Queensland Art Gallery |
Sydney Jewish Museum | National Library, Canberra |
University of Western Sydney Gallery | Western Plains Cultural Centre, Dubbo |
National Portrait Gallery, Canberra | St Vincent’s Private Hospital |