Gifting an art work to the Warrnambool Art Gallery ensures it becomes part of a significant Australian regional and public art collection, is expertly cared for, and is enjoyed by future generations. An increasing proportion of the Gallery’s Collection has been acquired as a result of donations by visionary and generous individuals.
Works of art acquired by the Gallery, either by gift or purchase, must further the vision for the Collection as outlined in the Gallery’s Acquisitions Policy. Potential donors are therefore invited to discuss their work(s) with the Gallery Director as the first step in the gifting process.
Donors of works of art may also be eligible for tax benefits under the Federal Government’s Cultural Gifts Program, which encourages greater corporate and personal philanthropy towards the arts in Australia. The program was established in 1978 to encourage gifts of culturally significant items to public art galleries, museums and libraries.
The program offers donors the benefit of a tax deduction for the market value of their gift under Subdivision 30-A of the Income Tax Assessment Act 1997. Deductions may be apportioned over a period of up to five years. In addition, most gifts obtained by the donor after 19 September 1985 are exempt from capital gains tax.
Since its establishment in 1978, over $608 million worth of items have been donated through the Cultural Gifts Program. They include visual and decorative arts, Indigenous arts and cultural artefacts, social history and scientific collections and archival material.
The program is administered in accordance with the gift provisions of the income tax law and with the advice of an expert committee, the Committee on Taxation Incentives for the Arts.
The Cultural Gifts Program is administered by a secretariat based at the Department of the Environment, Water, Heritage and the Arts in Canberra. The secretariat provides advice to program participants and supports the committee.
At the request of the Donor, Cultural Gifts will be publicly recognised through WAG Foundation membership at the relevant level of giving. Major gifts will be given accreditation in perpetuity for any works acquired.
See : Australian Government: http://www.arts.gov.au/tax_incentives/cgp
Levels of Gift Recognition
Warrnambool Art Gallery Foundation Membership
Download: Membership Application Form
For further information please contact the Warrnambool Art Gallery Foundation or the Warrnambool Art Gallery Director.
Warrnambool Art Gallery Foundation
P.O. Box 5199, Warrnambool, Victoria 3280
Telephone: 03 5559 4949