Tuesday, April 22, 2014

Pension Fund for Artists Capitalized by Pooled Artwork - NPQ - Nonprofit Quarterly

Pension Fund for Artists Capitalized by Pooled Artwork - NPQ - Nonprofit Quarterly: Artists, like the rest of us, have to plan for retirement, and the Artist Pension Trust is an unusual nonprofit retirement mechanism for artists. Established in 2004, the APT involves some 2,000 artists from around the world who have put a portion of their work into one of nine investment funds. Participating artists have to contribute 20 pieces of art over 20 years; in return, they’ll receive annual distributions from the funds (basically pools of contributed art) based on how much of the art sells and for what price.

As explained on the APT website:

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