Donated Collection Item

Donated collection items are contributed works of art or historical treasures. They are not required to be recorded by the recipient not-for-profit organization if all of the following requirements are met: the item is part of a collection which is held for public viewing, exhibition, education, or research (and not for investment or financial gain); the collection is cared for, preserved, and protected by the organization; and the organization has a policy that requires any proceeds from the sale of donated items to be reinvested in other collection items.