1% for Culture Act of 1995

[AI summary unavailable — showing source text] 1% For Culture Act of 1995 - Amends the National Foundation on the Arts and the Humanities Act of 1965. Renames such Act as the Arts, Humanities, and Museums Act of 1995. (Sec. 2) Provides for disposition to its Endowments of certain gifts to the National Foundation on the Arts and the Humanities, under title I of such Act. Considers gifts to the Foundation or one of its Endowments as gifts to the United States, for certain Federal tax purposes. Revises provisions for the Foundation's Endowments, separating them into a title II for the National Endowment for the Arts (NEA) and a title III for the National Endowment for the Humanities (NEH). Authorizes the NEA chairperson to establish and carry out a Challenge Program of grants to cultural organizations and institutions. Requires such Challenge funds to be matched in a ratio of at least three non-Federal dollars for every one Federal dollar. Extends the authorization of appropriations for the NEA, including the National Council on the Arts and the National Medal of Arts. Authorizes appropriations of additional amounts for Challenge Funds for the Challenge Program grants. Extends the authorization of appropriations for the NEH, inclu…