Amy owns an Andy Warhol painting valued at $3 million. She has made arrangements with the Warhol Museum in Pittsburgh to donate the painting to the museum when she dies. As part of the arrangement, Amy will keep the painting in her home until her death. All of the following are true with respect to this arrangement except:
a. Since this is a gift of a future interest, the gift is complete at her death.
b. Amy’s commitment to the Museum is a present interest entitled to a value for charitable deduction purposes.
c. This transfer is not the transfer of a remainder interest to a charity.
d. Amy’s estate will receive a charitable deduction equal to the FMV of the painting on the date of her death.