musems worried trump will end major tax deduction funding 1234755740
French museums are alarmed that the Trump administration may eliminate a key tax deduction mechanism known as the “equivalency determination,” which allows foreign organizations to receive tax-deductible donations from American patrons. The status is critical for museum-affiliated “American Friends” groups, such as the American Friends of the Musée d’Orsay and the American Friends of the Louvre, the latter of which raised $10 million last year. Lionel Sauvage, president of the Museum of Decorative Arts in Paris, noted that about one-third of his museum’s annual donations—over $2 million—come from American donors. While no concrete action has been taken, Bloomberg reported in April that the administration was considering the move as part of a broader crackdown on tax-exempt nonprofits. Jewish philanthropic organizations have also expressed concern, with the Jewish Funders Network advising compliance amid uncertainty.
