MMD > Archives > September 2011 > 2011.09.04 > 09Prev  Next


Donating a Collection to an Institution
By Nancy Fratti

[ Jim Crank wrote in 110902 MMDigest, quoting his attorney:

> "In the document for transferring the item to the museum, always have
>  a clause that if the institution goes broke, or has to sell off items
>  to keep the staff paid and the doors open, or dispose of items for
>  any other reason, _always_ have a clause that should this occur then
>  the donated item is returned to the original owner or someone of his
>  choosing."

Regarding the above, there is no museum I've heard of who would agree
to such a stipulation.  When you give/donate something to a museum you
do so with *no strings attached.*

Having served on the MBSI Museum Committee for over 25 years and served
as an MBSI Trustee for 8 years, I can tell you that the same holds true
for collector's groups, too.  When you donate something you relinquish
_all_ control over the object.

A loan agreement is entirely different than a donation, with completely
different paperwork and stipulations regarding maintaining condition
and security of the item.

You can't control everything in this world!  Attorneys are soooo fond
of trying to sue someone -- it's job security for them!

Nancy Fratti - Nancy Fratti Music Boxes
Canastota, New York, USA
http://www.nancyfrattimusicboxes.com/ 


(Message sent Sun 4 Sep 2011, 12:44:47 GMT, from time zone GMT-0400.)

Key Words in Subject:  an, Collection, Donating, Institution
Enter text below to search the MMD Website with Google

Please Support Publication of the MMD with your Generous Donation
No PayPal account required
SSL Certificate
by
Let's Encrypt