True or False?

In order donated a sculpture to the Nasher art museum in Durham, North Carolina. The Nasher art museum is recognized as a qualified organization for U.S. tax purposes, and is not considered a private nonoperating foundation. The sculpture, which David purchased in 2009, had a fair market value of $65,000 when donated, and Davids adjusted basis in the sculpture at the time of his donation was $20,000. If the Nasher art museum retains and displays the sculpture, Davids charitable contribution deduction related to the donation of the sculpture is $45,000 (subject to percentage limitations based on Davids AGI).