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New Publication on Art Philanthropy in the U.S.

It is estimated that $1 trillion worth of assets are contained in private collections of tangible assets. How these collections are managed in estate planning has tremendous implications for the collectors and their families.

The publication is the result of a symposium held last year and seeks to clarify issues about art as an asset class and its impact on philanthropy. The symposium was developed by Robert Morrison of The Project Group, with the help and support of U.S. Trust, Andrew Swinney of Philadelphia Foundation, and Melinda Tuan and Doug Bauer of RPA.

For those professional advisors who have worked with clients with sizeable collectible assets such as art, coins, stamps, wine or automobiles the publication offers an insightful explanation and case studies of the personal, financial, legal and philanthropic considerations of individuals who have avidly collected and then chose to donate these assets to the charitable institutions or philanthropic causes that they are passionate about.