Art Museum - Adding art donations as gifts?

Melissa Sheinman

How do art museums handle donations of art in RE? We currently add an action describing the donation and an attribute listing the donor as a “Donor of Art”. Does anyone also enter the artwork as a gift? If so do you assign a monetary value? Thanks for any feedback!

Chris Nungesser

Hi @Melissa Sheinman,

That's a great question. In Kind gifts seem pretty straightforward, but then, whenever I talk about them with my accounting team, I walk away wondering why the accounting rules are the way they are.

Since my understanding is so tenuous, I'd hate to steer you wrong. You may want to reach out to Kaytee Yantis-Houser at the Dayton Art Institute. They're using Altru, not RaisersEdge, but they may be able to share how they handle those In Kind situations.

Kaytee's Community Profile:

Kaytee's phone number is listed on the DAI website (not sure how active they are in the Community, might be better to reach out directly):

I hope you find the info you're looking for.

Chris

Lisa Saneda

@Chris Nungesser

We never entered gifts of art as a gift. Instead we created attributes for Donations of Art in the donor's record. We could pull a query that would give us the info depending on what we needed.