Thursday, October 12, 2006
More Eisenberg vs. fractional gifts
I mentioned a couple of weeks ago that a Minnesota Public Radio story made the odd choice of Georgetown University's Pablo Eisenberg as defender of the changes to the laws governing fractional gifts of art to museums, since he thinks the deduction "ought to be abolished altogether" (which, as I pointed out, is not what the new law does, at least not intentionally). Eisenberg now expands upon his view in The Chronicle of Philanthropy, arguing that "while placing restrictions on fractional giving was a major step in the right direction, it is not enough. Donors shouldn't get any deductions at all unless they give away their art objects fully and completely. That's the next act for Congress."
Posted by Donn Zaretsky at 10:05 PM