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Loyola University Chicago

Loyola University Museum of Art

Art Illuminating the Spirit

LUMA Acquisition and Deacquisition Policies

SCOPE OF THE COLLECTIONS

The Martin D’Arcy, S.J. Collection

Donald Rowe, S.J., began this collection in 1969 with the aim of exposing Loyola University Chicago students to the beauty and power of original works of art. Perceiving a lack of interest in the three-dimensional arts from Europe of the 12th to 18th centuries, Father Rowe concentrated his acquisition in those areas. They coincided with his training and the holdings of collectors and dealers he came to know, many through his personal friendship with Martin D’Arcy, S.J. Over the last 40 years, the D’Arcy has firmly established itself as a leading regional collection of medieval, Renaissance, and Baroque art.

Father Rowe acquired approximately 80 to 85 percent of the current collection, mostly through purchases rather than by gifts or bequests, allowing him to control the collection’s growth and to maintain its original focus. His acquisitions were paid for from a revolving fund which no longer exists. Following his retirement, new acquisitions fell off dramatically with only a handful of purchases made between 1992 and 2008.

In 2007, the Acquisition Committee voted to expand the parameters of the collection in four fields:

Over the years, the collection has been known by different institutional names: the Martin D’Arcy Gallery and the Loyola University Museum of Medieval, Renaissance, and Baroque Art. With the establishment of LUMA in 2005, it became the permanent collection of the new museum and henceforth is known as the Martin D’Arcy, S.J. Collection, affectionately as the D’Arcy.

LUMA Collection

With the opening of the Loyola University Museum of Art in 2005 and the establishment of a new mission incorporating the D’Arcy Collection, a new collection began to evolve. It comprises Western art outside of the D’Arcy’s parameters. Currently, the new collection reflects the Museum’s recent and forthcoming exhibition program.

University Collection

This is a LUMA collection database designation for important works of art that are the property of Loyola University Chicago and stored either permanently or temporarily at LUMA. University Collection pieces are significant in terms of their artistic value, historical importance, and worth. LUMA’s staff seeks to maintain an eye on their care and preservation and maintains documentation concerning them, but ultimately their disposition is the decision of the University president on the advice of LUMA’s director in her capacity as LUC’s Director of Cultural Affairs.

Study Collection

As of March 1, 2008, a study collection is being developed to augment the Museum’s educational programming. Art and artifacts designated for this non-accessioned collection are illustrative of the mission in content, style, or materials, but of such quality that these objects do not need the normal standard of environmental protection, security, special handling, or indemnification.

N.B. Study objects will not be subject to full acquisition documentation.

ACQUISITION POLICY
(Reviewed by the Acquisition Committee, 4/8/08)

Purpose and Professional Standards

The Loyola University Museum of Art (the Museum) at Loyola University Chicago (the University), as a public trust and cultural institution, holds works of art and cultural artifacts of financial and historical value related to the Museum’s mission: to explore the spiritual in art of all faiths and cultures. The collections are held for the benefit of the public and University communities. Collections are made available through exhibitions, electronic media, and print in order to fulfill the educational mission of the Museum.

Acquisitions are made with the intention of building the collection(s) to illustrate the Museum’s mission. As such, significant evaluation is given to the art or artifact and its viability of perpetual stewardship when considering potential acquisitions.

The Museum’s collections are financial assets of the University, the Museum’s governing authority. This Acquisition Policy outlines both the priorities and methods for accepting new works into the collections and the process and method for removing objects from the collections. Recognizing that the University owns the Museum’s collection, the Director of Cultural Affairs is responsible for making the governing authority aware of its legal and ethical responsibilities to the Museum’s collection, including issues of its use and the physical conditions under which it is maintained.

Policies developed by the Director and the Curator and approved by the Museum’s Board of Advisors must be ratified by the central governing authority of the University.

The Museum should be given the right of first refusal in the event of the disposal of art or artifacts owned by the University outside of the Museum’s existing collections.

All moral, legal, and ethical implications of the acquisition must be considered and resolved. The Museum has an ethical responsibility to investigate to its satisfaction any suggestions of illegal provenance.

All acquisitions should generally occur without donor restrictions. Restriction may be considered when in the best interest of the Museum. When restriction is required by the donor, those restrictions must be listed in the Deed of Gift.

Use and disposition of acquisitions are at the discretion of the Museum.

Promised gifts must be specified as such in writing by the intended donor before being accepted by the Museum for long-term loan. Any costs associated with a promised gift should be specified and agreed upon in writing and should be approved by the Director of Cultural Affairs.

Collection Objectives

Martin D’Arcy, S.J. Collection

Acquisitions should enhance the breadth and depth of the collection while maintaining its quality and uniqueness in the region.

Should LUMA continue to rely upon gifts and bequests in building this collection, it runs the risk of diminishing the D’Arcy’s tight focus and consistent high quality. It is recommended that the Museum Board should consider re-establishing a revolving fund that would allow the Museum to acquire new pieces for the D’Arcy quickly, an advantage when seeking to buy at auction. A donor for the purchase would be sought to repay the fund. Expenditures from a revolving acquisition fund for purchases will be subject to review of collection priorities.

Highest Priority

High Priority

Medium Priority

Low Priority

LUMA Collection

Acquiring works of art and artifacts related to the exploration of spirituality in all cultures enables the museum to draw on a general collection for exhibitions that illustrate the mission. All media and materials may be acceptable; however, special evaluation will be given to objects that may use materials that are difficult to conserve or may deteriorate quickly.

Highest Priority

High Priority

Medium Priority

Low Priority

Priority by medium

Art and artifacts not fitting these priorities may be considered for acquisition at the discretion of the Director or acquired as part of a general University collection under the stewardship of the University.

Methods of Acquisition

All material may be added to the collection through various means including: abandonment, gifts, bequests, exchanges, and any other events that transfer title to the Museum. All rights and interests, including reproduction, title, and copyright shall be obtained by Loyola University Chicago for all acquisitions without restrictions or conditions, if possible, or shall have the potential for assignment to Loyola University Chicago under appropriate law. The Deed of Gift will assign stewardship of a gift of art to the Loyola University Museum of Art.

Criteria for Acquisition

Gift:

Purchase:

Acquisition Committee

The Acquisition Committee shall consist of the following individuals: the Director of Cultural Affairs, the Chief Curator, two or more members of the Museum Board of Advisors, a representative of the University’s Department of Finance or the President’s Office, and outside consultants as needed.

Duties shall consist of evaluating possible acquisitions in light of the Museum mission, educational programs, facilities, and its ability to care for the objects. They will also make a preliminary review of all materials to be deaccessioned prior to petitioning the Department of Finance for removal from collection.

The committee will meet bi-annually or when needed.

The committee will act as advocates in the art community to encourage gifts of art and funds and will be done in discussion with the Chief Curator and Director.

No museum staff, board, or Acquisition Committee member may obligate the Museum to accept any object not consistent with the intent or spirit of the Acquisition Policy and Museum mission.

If the Acquisition Committee fails to reach an agreement about the acquisition of a single or collection of artifacts, an additional outside advisor in the relevant field under discussion may be called upon for opinion.

Upon review of any additional considerations, the Director or Chief Curator will recommend to the Office of the University President the acquisition by the University.

Minutes will be kept of the Acquisition Committee meetings.

Conditions of Donations

Gifts to the Loyola University Museum of Art at Loyola University Chicago may be deductible from taxable income in accordance with the provision of the federal income tax code. Donors desiring to take a charitable contribution deduction must obtain an independent appraisal by a disinterested third party in accordance with the IRS current regulations.

Donors are required to make available to the Museum a copy of the appraisal if the value of the donation is in excess of $4,999.00. A certified appraiser shall execute appraisals and the cost of the appraiser’s professional fees is the responsibility of the donor. IRS form 8283 is to be completed and signed by the donor and the Museum director.

If, in the event of an undervalued gift, a new appraisal within six weeks of the gift is executed, the Museum will notify the donor of the new value.

Museum employees and volunteers are prohibited from appraising.

Documentation of New Acquisitions

The following documentation shall be completed for each object:

Required Acknowledgements and Notifications:

DISCLOSURE ON GIFTS OF ART TO MUSEUM EMPLOYEES OR PURCHASE OF ART BY MUSEUM EMPLOYEES

Museum employees must notify the Director if offered a personal gift of art or artifact.  The Director, after consideration of the object as suitable or non-suitable for Museum acquisition, will make a disposition. If the employee retains the gift, the University Comptroller's Office must be notified within ten days of accepting the gift. The Museum will maintain records on all gifts of art to Museum employees.

Employees are to avoid conflict of interest in purchasing works of art or artifacts related to the mission of the Museum or specific Museum collections. Notification should be made to the Museum Director of the purchase of any material that could be considered for Museum acquisition.

DE-ACCESSIONING POLICY

Subject to the discretion of the Director of Cultural Affairs and the Chief Curator, objects in the collection may be proposed for removal for any or all of the following criteria:

All of the above is subject to a written agreement between the donor and the Museum.

De-accessioning Procedures

Methods of removing objects from the collection will be carried out in accordance with any local, state, and federal regulations and legal requirements and in accordance with Loyola University Chicago policies as follow:

The Museum will undertake due diligence to contact the donor or heirs of the donor if the object to be deaccessioned was a gift or bequest to extend the right of first refusal. Special consideration and notification is given to living artists whose work has been acquired through purchase or donation.

Documentation of Deaccessions

Documentation of the following steps in the deaccession process will be retained in the original object file:

Allocation of Proceeds from Sale

All proceeds from the sale of a deaccessioned object, with the exception of any related costs*, are designated to:

*Related costs of crating, shipping, travel, or photography will be repaid out of the sale proceeds.

All deaccessioned objects having originally come into the collection as a gift and conveyed through sale will have the original Deed of Gift reviewed for any stipulation regarding its deaccession.

Conveyance

The Museum, acting in the best interest of the University and the general public, will follow the recommended best practices of the American Association of Museums for deaccessioning:

GIFTS OF ART FOR THE PURPOSE OF RESALE

Works of art or artifacts specifically donated and designated for sale to benefit the Museum will not be accessioned but recorded separately as works for sale. Current tax laws on the duration of time between gift and sale will be adhered to.

Third party review and/or appraisal of art and artifacts donated to the museum specifically to benefit the Museum through sale proceeds is mandated to assure that these pieces receive the full market value at sale.

Loyola

Loyola University Museum of Art · 820 North Michigan Avenue, Chicago, IL 60611
312.915.7600 · luma@luc.edu

Notice of Non-discriminatory Policy