Artist-in-Residence AGNS Yarmouth Anselm Kiefer - Art Gallery of ...

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Support
your Gallery
The Art Gallery of Nova Scotia is a cultural
gem, with two locations in the hearts of Halifax
and Yarmouth. The AGNS relies on some
government funding and self-generated
revenues (Admissions and Memberships,
for example) to finance its operations and
programs. However, without the generosity
of many individuals and organizations, we
would not be able to put forth the many
wonderful offerings that we do.
Financial Donations
our budgets would not balance without
the generous financial donations from
our patrons. Donations to the AGNS are
fully tax-deductible, and can be made in a
variety of ways. Certainly cash, cheque or
credit card donations are always gratefully
accepted. But have you considered these
options?
BEqUESTS leave your legacy and remember
the Art Gallery of Nova Scotia in your will.
JOURNAL Spring & Summer 2009
ENDOWMENTS put money aside in an
investment vehicle of your choice (or invest
with us). The capital is preserved, and the
income is used for designated Gallery
purposes as specified by you.
LIFE INSURANCE consider making the Art
Gallery a named beneficiary in your life
insurance policy
CHARITABLE GIFT ANNUITIES are a
donation of a capital sum to a charitable
organization in return for regular payments
at a specified rate for life. This transaction
is set up so that a minimum of 50% of the
principle amount of the annuity is available
to the charity (e.g. the AGNS) following the
death of the annuitant(s).
CHARITABLE REMAINDER TRUSTS are
irrevocable, separately administered trusts
established by an individual. Trust payments
are provided to the individual and/or
other named beneficiaries for life or a term
of years, whereupon the remaining assets
would be distributed to the AGNS.
Many variations on the above are also
possible, and the advice of a financial
professional would certainly be advisable
should you consider one of these options.
Donations of Property
DONATION OF ART WORKS Acquiring and
displaying works of art are what the AGNS
is all about. In addition to the works that
we purchase every year, we receive many
more valuable works of art by donation—
up to 1,000 pieces a year! The AGNS enjoys
“Category A” designation with the Canadian
Cultural Property export Review Board
(CCPeRB). This means that your donation of
art would not only qualify for a tax receipt
(for the fair market value of the donated
work), but, if it meets the CCPeRB criteria,
it would be free of the annual income and
carry-forward limits that regular donations
are subject to. Better yet, any capital gain
on the transfer of title is not taxable, while
any capital loss is tax-deductible.
DONATION OF SECURITIES If you are short
on cash but have holdings of shares or
other securities, these can be considered
for donation also. while there are tax
advantages to be gained, capital gains
taxes on disposal are also a consideration,
although there are ways to minimize this
impact as well.
for more information on the process
of donating to the AGNS, please visit
www.artgalleryofnovascotia.ca. �
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Check out our Summer events and festivals at
www.deltahotels.com/specials
Y o u r r o o m i s r e a d y
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For reservations and information call 1-800-268-1133 (toll free)