Session Overview
To facilitate donating the artwork of Wolfgang Wolff to museums, Goetz Wolff wants to donate to the Wolfgang Wolff Foundation, a 501c3, the art collection (the estate) of Wolfgang Wolff. The Foundation and Goetz would like to know the consequences of a gift of tangible personal property to a charitable foundation. Is an appraisal of the collection’s value needed? What are federal tax deductions related to the gift? We believe this information is needed to create the deed of gift and accompanying quitclaim assignment of copyrights. Please kindly advise. www.wolfgangwolff.org
Nonprofit Overview
Our mission is to preserve and promote the artwork and life story of Wolfgang Wolff. The collection includes paintings, drawings, woodcuts/prints, jewelry, book illustrations, and textile designs, and has been exhibited internationally. The goal of the WWF is to display the work of Wolff in exhibits as well as to integrate parts of the collection within other museums, most likely located in Western Europe, the U.S. and the Pacific Islands.