Tapping the Culturati: An Underexploited Source of Private Finance for the Arts in Ireland
| Dublin Core | PKP Metadata Items | Metadata for this Document | |
| 1. | Title | Title of document | Tapping the Culturati: An Underexploited Source of Private Finance for the Arts in Ireland |
| 2. | Creator | Author's name, affiliation, country | Timothy King; Ireland |
| 3. | Subject | Discipline(s) | Cultural Policy; Philanthropy; Economics; Fundraising |
| 3. | Subject | Keyword(s) | cultural subsidy; tax relief; philanthropy |
| 4. | Description | Abstract | The paper asks why cultural organizations in Ireland, in contrast to the UK, raise so little finance from private individuals, and in particular from those who go regularly to live performances or to galleries and museums. The rationale for cultural subsidies, including the offer of relief from income tax on the value of individual donations is reviewed and accepted. Income tax relief in Ireland has several unique features which probably explain why it has been such a limited source of finance. These include the high minimum value required for a donation to be eligible for tax relief, the administrative complexity of reclaiming tax on behalf of PAYE taxpayers, and the very restrictive interpretation of the tax legislation that is applied to determine a donation’s eligibility. Ways of overcoming these obstacles, in the light of changes announced in the December 2012 budget, are suggested. In particular, cooperation among cultural organizations could both facilitate the reclamation of income tax on donations and carry out cost-effective fundraising campaigns. |
| 5. | Publisher | Organizing agency, location | University College Dublin |
| 6. | Contributor | Sponsor(s) | |
| 7. | Date | (YYYY-MM-DD) | 2013-10-07 |
| 8. | Type | Status & genre | Peer-reviewed Article |
| 8. | Type | Type | |
| 9. | Format | File format | |
| 10. | Identifier | Uniform Resource Identifier | http://culturalpolicy.ie/index.php/ijamcp/article/view/6 |
| 11. | Source | Title; vol., no. (year) | Irish Journal of Arts Management and Cultural Policy; Vol 1 (2013) |
| 12. | Language | English=en | en |
| 13. | Relation | Supp. Files | |
| 14. | Coverage | Geo-spatial location, chronological period, research sample (gender, age, etc.) | |
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