The White Tara is one of the 21 forms of Tara and is often given as a gift to Gurus, to wish them a long life and hence guide their disciples for longer.
The lotus that she holds, represents that all the qualities of an enlightened being are present in her. With her 7 eyes, she sees reality without samsaric influence and creates compassion through love, joy, equanimity, and compassion.
White Tara is associated with the Padma family of Amitabha, who in graphical representations appears in the form of Amitayus (Infinite Life) and sits in her headdress, or above her head.
The White Tara is an extremely popular motif and makes for a beautiful present to anyone interested in Dharma. The finesse of this Thangka is excellent.