|Activity:||Art and Museum Objects|
|Policy:||Ownership, Depreciation and Capitalization of University Assets, FIN-ACC-150|
Charitable Gifts to Indiana University, FIN-ACC-40
Donor Intent Responsibilities, FIN-ACC-45
|Things to Know:||Updated to add object codes - April 3, 2019|
Correct object code must be utilized on the purchase and payment documents.
Object Codes typically used for art and museum purchases:
5250 Art acquisitions less than $5,000
7600 Art & museum objects costing $5,000 or more
Contact IU Foundation Gift Planning for assistance with appraisal requirements and documentation.
See FMS Capital Asset Standard Operating Procedures: CSOP 7.0 IU Gifts for receiving non-monetary items of tangible personal property such as art, collectibles, books, equip, automobiles, other assets or materials which represent value to the University and the Foundation.
Please contact the Campus Art Management Offices at 812-855-1024 to inquire about available works of art in the IU Collection or to assist with:
How to purchase Art for your department, building, conference room, or office?
How to get Art works for your office?
How to carry Art work from place to place or finding storage when buildings are off line?
How to get information on Art and artists and Art exhibitions?