Pentera Webinar - Gifts of Art: A Primer for Estate and Gift Planners

Presented by:
Diane M. Strachan, CFRE
Cleveland Museum of Art
Director of Individual Philanthropy and Planned Giving

Webinar Description:

This session will review varying aspects of the disposition of works of art. For example, what are the basic tax and legal implications for the person who has a beloved collection, of donating the collection, selling it, partially selling it, or selling it at a bargain sale price? We will also investigate practical matters when making planning decisions regarding works of art, such as insurance, transferring title, gifting the entire collection, acquiring an appraisal, etc. We will discuss accepting works of art from the institution's perspective and why it is important to understand this process when advising donors or clients.

About the Presenter:

Diane Strachan, a native Clevelander, has been working in the nonprofit sector for nearly 30 years. Her experiences in philanthropy include social service, higher education, health care, and museum service. Diane currently works at the Cleveland Museum of Art, where she serves as the director of individual philanthropy and planned giving.

Diane is a national speaker on such topics as gift planning, principal giving, and charitable gifting with works of art and has served as a faculty speaker for the Association of Fundraising Professionals Fundamentals of Fundraising Course. She holds a bachelor of science in education degree from Cleveland State University. Diane completed the Certified Fund Raising Executive credential in 2003, was named the Outstanding Fundraising Professional for northern Ohio by the Association of Fundraising Professionals ~ Greater Cleveland Chapter in 2015, and in 2020 was awarded the James P. Conway Mentor of the Year Award.

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