Reynolds Foundation Art Collection Management

Purpose:

To document the basic policy that guides the care of the J. Sargeant Reynolds Community College Educational Foundation (Reynolds Foundation) Art Collection. Through this policy, the college ensures that:

• the collections are accounted for and documented;
• the collections are protected, secure, cared for, and preserved;
• acquisition and deaccessioning of works in the collections are conducted in a manner that conforms to the college and the Reynolds Foundation mission, complies with applicable law, and reflects the highest ethical standards;
• disposal of works from the collection through sale, exchange, or other means is solely for the advancement of the college’s and the Reynolds Foundation’s mission(s); and proceeds from the sale of such works are used to strengthen student success;
• access to the collection and access to collection information is permitted and appropriately regulated; and
• collection-related activities promote the public good rather than individual financial gain.

Definitions:

Deaccession: when a work is removed from the collection and considered for sale, exchange, or disposal.

Policy:

The mission of the Reynolds Foundation Art Collection is to preserve and exhibit works of art that represent human achievement, in service of the college's students, staff members, and greater community.

The vice president of finance and administration and vice president of institutional advancement will work together to

• assess the benefit of gifts or bequests of works of art to the college;
• recommend acceptance by the Reynolds Foundation of gifts or bequests of works of art; and
• recommend deaccession of works of art for sale, exchange, or other means of disposal irrespective of market value.

Procedures:

Procedure for Reynolds Policy 4-21, Reynolds Foundation Art Collection Management

Other Information:

N/A