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Foundation of strength [Lismore Regional Art Gallery Trust Foundation]

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Foundation of strength A new Foundation has been established to help raise donations of money and art works to the Lismore Regional Art Gallery.

The Lismore Regional Art Gallery Trust Foundation is a tax-deductible charity, which will help strengthen links between the business sector, the community and the Gallery.

'The Foundation will build on the thriving cultural community in Lismore,' Federal Minister for the Arts, Peter McGauran, said.

Through the Foundation, bequests and tax deductible donations can be made towards Lismore Regional Art Gallery's capital expenditure, creative programs and permanent collection.

The Foundation's first task will be to raise funds for the construction of a purpose built Art Gallery.

'Private sector support of the arts is vital to preserving our valuable heritage collections for the benefits of all Australians,' Mr McGauran said

'Many galleries and museums in rural and regional areas have benefited from the Federal Government's tax incentives for the arts programs.'

'They are a testament to the exciting and diverse cultural landscape of regional Australia.'

'Through programs like the Cultural Gifts Program and the Cultural Bequests Program businesses and individuals can make a contribution to preserving our rich cultural heritage,' Mr McGauran said.

The Cultural Gifts Program encourages gifts of significant cultural items to public art galleries, museums and libraries by offering donors a tax deduction for the market value of their gifts, under Subdivision 30-A of the Income Tax Assessment Act 1997.

'In the past five years, items and collections to the value of $69 million have been received through the Program into the collections of around 370 public libraries, museums and galleries-a third of which are located in regional and rural Australia.' Mr McGauran said.

Media contact: Jane Henschke 02 6277 7350 website:

23 March 2000