Mary, send me an email at [email protected] and I will send you specific information on what the charities that I deal with do.
If the charity is a not-for-profit, they will not be able to issue a tax receipt. I would ask them for other marketing intangibles and would write off the value of the piece as a marketing expense. This should be done where ever possible as one can then get the full value of the piece as an expense.
As I noted above, a tax receipt has little value if your income is low.
]]>I am glad that you receive a tax receipt Jim. Our artists have been told that they are not available. What Ontario tax law can I quote to convince the organization works were donated to to send a tax receipt to the artists who created works specifically for the auction.
]]>Jackie, this is excellent. I love it. It’s respectfully workable to both parties. Thank you.
]]>Great job, Jennifer. Change usually happens one step at a time, by one creative person stepping up to the plate. You are a true leader. Bravo!!
]]>Most charities that I work with will do 50/50. I get a tax receipt for the 50% that I do not receive. Here in Ontario, Canada, we can get a tax receipt for the sale price of the piece less whatever we are paid. Sometimes I can get the full retail value especially if the piece is to be used as a door prize or gift to a patron.
However, it is necessary to understand the value of the tax receipt. Its value is based on the taxable income you make. In my case, my taxable income is quite low so, essentially, the tax receipt is worthless.
Consequently, I try to get other advantages. Sometimes I will team with the charity by donating my work outright but having them promote my piece specifically. I then can expense it by writing the full value of the piece off to marketing.
]]>Instead I choose to work with a charity over a longer timescale in a way that benefits both of us. I’m working with a charity at the moment – I create a painting for their Christmas card design and they are given free reproduction rights. I am free to sell the painting and can donate a percentage of the selling price – as much or as little as I choose. I write a regular column for their newsletter, and demonstrate a painting on their stand at trade shows to add content to their display. In return I gain a new audience for my work and am able to attend shows that would otherwise be unavailable to me. We each promote the other through social media and our own networks. It’s a mutually beneficial, long-term relationship and neither party feels they are being exploited.
Partnership working isn’t ideal for everyone but this method works for me.
]]>see you! you’re bookmarked!
]]>I love your attitude and I’m grateful that there are people like you in the world! I do hope you read the rest of my articles about giving. For instance, this is an important one:
https://aaartbizold.wpengine.com/2009/07/contributetalents.html
Tammy: Artists are a cause unto themselves, huh? And good for you for educating others about this.
Jennifer: Woo hoo! Yes, art is always the last thing considered–even by interior designers. It’s nuts. Good for you for educating them and helping other artists in the community. I’m so glad they’re paying you for your efforts.
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