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| Shared Passions |
Framing the Future
Regan Good
08/02/2004
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“It’s not just that there are these wonderful things hanging
on the wall; it has a deeper resonance, a real cohesiveness. This kind of
collection would lose something to give a little here and a little there,”
explains Norman, 64, who is also a psychologist and runs the W. Clement and
Jessie V. Stone Foundation, which his parents started in 1980. (Norah is a
registered nurse and has a law degree.) The Stones realize that a museum would
not necessarily exhibit every work of theirs at all times, but they hope there
would be shows of their entire collection from time to time. “People will say,
‘Here’s what Norah and Norman collect,’” Norman says.
The Stones feel they
owe a debt of gratitude to the San Francisco MoMA because they began collecting
under the tutelage of the museum’s late curator, John Caldwell, and have served
on the museum’s accessions committee. “We realized while serving on the
committee what a small budget the museum had, and that it needed help,” recalls
Norman. “We realized we had the horsepower to collect the kinds of pieces
museums would like to collect, and so very early on we focused on having a
museum-quality collection that would one day go to a museum.”
The
Stones have already begun the process by granting the museum fractional
interests in six or seven paintings, so that they transfer ownership over time.
Using this tactic, they receive the added benefit of taking a charitable
deduction on the portion of the work already donated.
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