If the estate is large and has a history of sales and museum exhibits, publications, here is some advice. One of the best things we did the Hayes Bros with my late fathers work the sculptor David Hayes was to set up a 501c foundation. We were left one of the nations largest sculpture, paper, acrylic and mixed media collections as our dad was prolific and created art everyday for 60+ years. Although with no capital assets or funds in estate which is the case with most artists estates the foundation is beginning to make a big difference on keeping the work on exhibit and in the public.
We are also looking at a lot more opportunities now that is in place and we can apply for grants and partner with other foundations on exhibits and programming, it's all still a lot of work and time but with a foundation an estate has a lot more resources to access. Also friends and volunteers are more willing to give volunteer time and expertise to help out, and calls are returned more often if it's from a foundation vs a studio.Regards all, John HayesThat's so great that you have artists coming to you and proactively thinking about estate planning! My colleagues and I joke that inventory management and estate planning is a lot like eating your vegetables—you know it's good for you, but it's not as tasty or exciting as say, making the art.We try to smother those veggies with ranch dressing here at Artwork Archive. We provide artists, collectors and organizations with the tools to organize, manage and showcase their artworks. For artists that means keeping track of key details like exhibitions, sales, expenses, contacts, and then being able to quickly and easily report upon and share those provenance details and financials. We instill upon artists that inventorying their artwork is key to preserving their artistic legacy.We offer a month's free trial of our tools, and we actually have an affiliate code set up through AFTA. So if you'd like to share Artwork Archive with your artists, you can direct them to http://www.artworkarchive.com/afta and they'll get 20% off their first year subscription.We also have a blog. Here is an easy-to-follow tutorial on how to inventory one's artwork: https://www.artworkarchive.com/blog/how-to-inventory-your-artworkWe also partner with CERF+, a great resource for artists! We collaborated on an article about the importance of preserving an artist's legacy: https://www.artworkarchive.com/blog/legacy-planning-for-artists-demystifiedAnd since artists are visual learners, we have a webinar about the importance of inventorying one's work: https://www.artworkarchive.com/blog/webinar-how-inventorying-your-art-can-benefit-your-careerIf any of this is appealing, I am happy to chat on the phone and find more ways that we can help support your artists with their endeavors. For instance, I give virtual presentations and we have hundreds of articles to draw upon when it comes to producing, marketing, selling and preserving artworks.I hope everyone has a great week ahead!ElysianOn Fri, Jul 26, 2019 at 12:06 PM Stimmel, Amy, ACAC <Amy.Stimmel@acgov.org> wrote:Hello PAN.
I’ve recently had a few artists tell me that they are starting to think about their estate planning and making decisions about what to do with the studio artwork they’ve created and amassed over the years. Does anyone have any good resources specifically for artists? I’m happy to collect responses and share with others who may also find information on this topic helpful.
Thanks to all.
. . . . . . . . . . . . . . .
Amy Stimmel
Public Art Program CoordinatorAlameda County Arts Commission
A Division of the County of Alameda
Pronouns: she/her
We’ve moved! New address as of 2/20/19
1106 Madison Street, Suite 336
Oakland, CA 94607
(510) 891-5706 TIE: 25706
amy.stimmel@acgov.org
County QIC: 20209
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