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Clemson announces $79.5 million in private gifts for 2007-2008
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Clemson announces $79.5 million in private gifts for 2007-2008


Jul 24, 2008, 11:28 AM

Clemson announces $79.5 million in private gifts for 2007-2008

The total includes $58.5 million given to the Clemson University Foundation to support academics and $21 million to IPTAY.
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It's good to see my checked cleared***


Jul 24, 2008, 11:32 AM



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$1.5 Mil for an Art Gallery at ICAR?


Jul 24, 2008, 12:09 PM

sheesh

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Most of you.


Now you know why TSFG is down 60% this year alone.


Jul 24, 2008, 1:26 PM

1 million is probably just some of Mack Whittle's old art he had laying around.

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Maybe something to do with the corporate jet?


Jul 24, 2008, 10:10 PM

It's completely assenine that a corporation of that size would have a corporate jet.

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Velvet Richard Petty painting ain't cheap!***


Jul 24, 2008, 1:31 PM [ in reply to $1.5 Mil for an Art Gallery at ICAR? ]



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Could have been donated in the form of art


Jul 24, 2008, 10:08 PM [ in reply to $1.5 Mil for an Art Gallery at ICAR? ]

If someone donates art to a 501(c)3 organization, they can only get a deduction if it's used as art and presented as an art exhibit. In other words, unless there was a gallery at ICAR, nobody would be able to donate art. I don't know if Clemson has anywhere that it could justify art donations as such, so it makes sense that they would start one somewhere like at ICAR. The same principle holds true for say, Bob Jones and their art gallery. Bottom line is, it may not have been cash going to the gallery at ICAR - somebody probably donated some valueable (and highly appreciated) art - the stipulation was that Clemson would use it to start an art gallery (or add it to an existing gallery) so that the donor could take a full deduction.

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