DONATION PROCESS

The Donation Process

In accordance with the provisions of Articles 6-III and 19 of Law No. 2004-575 of June 21, 2004, known as the "Confidence in the Digital Economy" law, we hereby inform users and visitors of the website of the following information:

Legal information:


Owner's status: Business


Owner: Assets 2 Money Inc.


Owner's postal address: 2915 Ogletown Road Suite 3866 Newark Delaware 19713 USA


The website creator is: www.bigvupro.com


The publisher is: Assets 2 Money Inc.


Contact the publisher: licensing@bigvupro.com


The publisher is a legal entity.


The webmaster is: Danielle Huard


Contact the webmaster: licensing@bigvupro.com


The website is hosted by: systeme.io, 2 Cruise Park Rise Tyrrelstown, 15 Dublin.

THE DONATION SECTION APPLIES IN NORTH AMERICA AND EUROPE

THE FOUNDATION

The foundation is the primary foundation among satellite foundations that receives significant financial support, enabling them to provide a range of initiatives, services, and care to individuals living in a castle, allowing them to regain a new source of a radiant and fulfilling life.


We are currently seeking solicitors and representatives who are willing to contribute their time and energy because they believe in the foundation and the mission it represents. They will invest their hopes and dreams in the pursuit and necessity of maintaining a happy, fun-filled environment with positive prospects for success and preservation.


The Different Categories of Donations


MONEY - BANK TRANSFERS - CREDIT CARDS are made through a recognized and widely used platform such as PayPal.


The other categories of donations listed at the bottom of this paragraph, are made through a PDF document that needs to be completed and sent to the Foundation.


ARTWORK (painting, sculpture, image, photograph, engraving, etc.)

COPYRIGHTS (archives, documents, computer data, collections, royalties, secrets, PICB, literary works, soundtracks, books, films, inventions, publications, visual works, innovations, etc.)

PATENTS (research, royalties, molecules, licenses, pharmaceuticals, inventions, computer-related, medical, etc.)

CORPORATION (trust, information, capital, secrets, shares, interest, dividends, investments, money, gift certificates, etc.)

REAL ESTATE (castle, property title, building, historical monument, church, library, land, etc.)

TANGIBLE ASSETS (desk, safe, chest of drawers, lamp, carpet, canvas, etc.)

INTANGIBLE ASSETS (secrets, client lists, trade secrets, etc.)

TREASURE (secrets, wills, gold, insurance policies, jewelry, precious and semi-precious stones, precious metals, etc.)

MOTOR VEHICLE (car, truck, motorcycle, moped, bus, minibus, recreational vehicle, boat, airplane, off-road vehicle, tractor, farm vehicle, taxi, etc.)

NON-MOTORIZED VEHICLE (trailer, camper, glider, hang glider, etc.)


The informative sheet on the category of donations is provided as an example in the following lines.


This example pertains to the donation of an artwork, specifically a painting.


Making a Donation of Artwork (Painting) Policy and Procedure for Accepting Artwork Donations with or without Tax Exemption, adopted on January 1, 2020, by the Foundation's Board of Directors.


Introduction The Foundation's permanent collection includes several artworks acquired primarily through the generosity of donors, artists, collectors, businesspeople, and the general public.


By donating artwork, the donor can benefit from tax advantages while allowing the Foundation to enrich its collection and contribute to the public's interest and the democratization of art.

The Foundation is a recognized charitable organization.


It is authorized to issue charitable donation receipts for both intangible and tangible donations, including real estate, as well as cash donations.


The acceptance of artwork donations by the Foundation is subject to a rigorous process.


This process aims to ensure the authenticity, provenance, and good condition of the offered artworks, as well as their relevance to the mission of the Foundation and its entire collection.


The process consists of three stages: the donation proposal, the validation of the proposal, and the actual selection of artworks by the Selection Committee.

The Acquisition Committee meets 12 times a year, around the 15th of each month.


It consists of a minimum of three members: the artistic director of the Foundation and two other members from the artistic community appointed by the board of directors upon the recommendation of the artistic director.


Donation Proposal The donor must first express their intention to offer artwork to the Foundation in writing by completing the appropriate form and providing a photograph of the artwork, as well as documents confirming its authenticity, provenance, and purchase price.


One or two appraisals of the fair market value should also be included if the donation is made with a request for tax exemption.

The number of appraisals depends on the estimated value of the artwork (see below).


The form is available at the Foundation or can be requested via email HERE.

The form and documents should be sent to the following address:


Donation

Department The Foundation Paris, France Phone: +33.7.54.12.59.36

Email: licensing@bigvupro.com


The recipient must keep the artwork in their possession until otherwise instructed by the Donation Department.


Validation of the Donation Proposal After a preliminary analysis of the submission, the Donation Department may reject any proposal for the following reasons:

incomplete documentation, significant damage to the artwork requiring costly restoration, size, weight, fragility, or condition that would hinder its preservation, handling, or pose a high risk for storage or transport, especially considering available storage space and the risks of damage or theft.

If the proposal is accepted after the preliminary analysis, the artwork or artworks, if applicable, must be transported to the Foundation's notary for examination. The Foundation will not cover the costs of packaging, transportation, or insurance for the artworks.


After the examination of the artwork, the Donation Department prepares a conservation report and a research report. In order to establish the research report, the artistic director takes into consideration the documents provided by the donor, including the certificate of authenticity.


The research report aims to establish the following elements: ownership, provenance, and purchase price; authenticity of the artwork; in the case of donations with a request for tax exemption, the fair market value.

Ownership Title, Provenance, and Purchase Price

Ownership Title The Foundation must ensure that the donor is the rightful owner of the artwork to avoid any irregularities, cases of concealment, fraud, etc.


Therefore, the donor must have provided one of the following documents: the purchase invoice or a certified true copy of it; the sales contract; in the absence of the aforementioned documents, an affidavit, also known as a solemn declaration.


Provenance The committee requires a detailed ownership history of the artwork, including the date of acquisition (through purchase, donation, or inheritance), its precise source, and the conditions of the transaction or donation. If any of this information is unknown to the donor, they must explain in detail the efforts made to obtain the information and why they acquired the artwork without having this information.

Purchase Price The selection committee requires information about the purchase price whenever it is deemed relevant to the research report. If the artwork was acquired by the donor within three years prior to the donation proposal, the invoice or sales contract will be used to determine the amount of the tax receipt.


In the absence of an invoice or sales contract, the donor may provide an affidavit explaining the reasons for the lack of documentation and any information that can establish the purchase price. The artistic director reserves the right to refuse any affidavit or solemn declarations.


Certificate of Authenticity Prior to accepting the donation, every artwork must be authenticated by a qualified individual who is independent of the Foundation.


The authentication process is at the donor's expense. The expert must certify the following: they have no personal interest in the evaluated artwork; they have personally evaluated the original artwork (evaluations based solely on photographs will not be accepted); the evaluation amount has no influence on the cost of their services.


The donor must specify the titles, qualifications, or expertise that make the expert competent and provide the contact person with whom the committee can communicate if necessary.


If a particular artwork is controversial, meaning it was created by an artist whose works are known to be associated with fraud, imitations, or other questionable practices, the donor must demonstrate exceptional vigilance in authenticating the artwork. In cases where there is doubt about the authenticity of an artwork, the Foundation's selection committee reserves the right to refuse the donation based on its experience in the art trade.


If the creator of the artwork is still alive, the committee reserves the right to request a signed declaration from the creator affirming that they indeed created the artwork.


If the creator is deceased, the donor is required to consult the executor of the creator's estate or the foundation responsible for authenticating their works. In cases where there is no executor, the selection committee will establish a case-by-case procedure.

Estimation of fair market value for donations with tax exemption.

One or more evaluations are required depending on the value of the artwork. The evaluation must be conducted by an independent individual who is competent and specialized in the field (art movement, artist, specific technique, etc.), and who is recognized in the art community.


For artworks valued at less than €1,000, the evaluation can be done by the Foundation itself; for artworks valued at €1,000 or more, an independent evaluation is required; for artworks valued at €10,000 or more, two independent evaluations are required.


The decision of the Selection Committee on the Acceptance of Artworks The validated submissions, along with the conservation report and research report, are presented by the Donation Department to the Selection Committee. The Committee then assesses the relevance and interest of the donated artwork for the Foundation.

For artworks valued at €10,000 or more, the decision must be approved by the board of directors before the final acceptance. In other cases, the Selection Committee has the authority to make the decision by majority vote. Once the donation is accepted, the official receipt is jointly signed by the Head of the Donation Department and the Administrative Director and sent to the donor.


The value of the official receipt for tax purposes is determined based on the prevailing tax regulations in North America and Europe.


The artistic director provides an annual report to the board of directors on the decisions made by the Artwork Selection Committee.


Sources: - "Attestation de biens culturels aux fins de l'impôt sur le revenu: Renseignements et procédures," French Commission for the Examination of Cultural Goods Exports, October 1997. - "Suppléments aux renseignements et procédures concernant l'attestation de biens culturels aux fins de l'impôt sur le revenu," French Commission for the Examination of Cultural Goods Exports, July 2002. - Museum Acquisition Procedures.


The donation form will be provided to the donor via email at the moment.