Monday, April 19, 2010

American Cancer Society art auction to be produced by art student Charles Madden at Artspace Shreveport May 22 - June 5

Charles Madden, an award-winning artist who has developed his skills through assiduous attention to his teachers at Renzi Center and Caddo Magnet High, writes that "I am putting together an art show as a fundraiser for the American Cancer Society. It will be a two week art show starting May 22 from 1-4 pm at Artspace downtown and it will run through June 5. The artwork in the show will be sold via silent auction. All art work donations are of course tax deductible."

Madden adds, "I'm in need of more artists so that the show can be a success, and I was wondering if you would be able to donate a drawing or two of yours. There is no specific theme, but if you need inspiration, think Hope, Celebration, Victory. Anything will be a great addition. Please let me know what help you can provide.

Since I am not well known, I've had a bit of trouble getting in contact with artists, so any help you can give will be great."
(318) 470-7322


Unknown said...

This post brought up the discussion and I can't seem to find a current answer.

The way I understand it unless the the Artist-Museum Partnership Act has passed, under current U.S. tax law, individuals who donate a self-created work of art to a non-profit institution can only deduct the cost of the materials used to create the work from their taxable income. At least in the tax world, the value of the work itself is considered inconsequential.

Interestingly enough, prior to 1969, artists could actually deduct the value of the work from their taxes.

Anybody got an update on this?

Tony Reans said...

I agree, Kathryn. That's the way I understand it. That's one reason it's so tough for artists to part with our work. The materials are a tiny fraction of the actual value.

Still, I'm going to contact him and see if I can donate something.

Unknown said...

This is where I think Art Cards or ACEO cards come in.

If an artist donates a set of their art cards (works of art the size of baseball trading cards) for a silent auction, they are still supporting a good cause of their choosing but they are not out the high cost of materials.

And I think everybody wins because it starts to put area folks into the mindset of collecting art since Art and ACEO Cards are traded all over the world.

Also, it would be great if area organizations would tell each artist who bought their work and how much that individual paid for the piece. Since a "Designer Dog" sold for $6000.00 in Shreveport recently at a Southfield School fundraiser, there's no reason why a donated work of art can't get at least the minimum bid asked for.

And also it would be right neighborly if the non profit would also give the artist contact information of who made the purchase so they can begin to develop a long term artist and art collector relationship.

Also giving the artist a couple of tickets to attend the event isn't a bad idea.

Just thinking out loud...

Robert E Trudeau said...

I appreciate your points, Kathryn and Tony.

Artists are steadily called on for contributions to charities.

On the other hand, attorneys and physicians may also do quite a bit of work Pro Bono Publico.

A tax advantage is probably not worth discussing.

The artist's key is to figure out how far you can go in cheerful giving.

Unknown said...

Thank you, Mr. Trudeau for having a forum where such artist topics can be discussed.