8 Jul
2011
8 Jul
'11
11:11 a.m.
Message: 17
Date: Fri, 08 Jul 2011 01:28:43 -0500
From: Joe Chisolm - Gmail < jchisolm6 at gmail.com >
Subject: Re: appraisals
<snip>
The 501(c)(3), in this case the CHM, should give you
paper work that
describes the donation and the value of the donation. ?A few years back
the IRS issued rulings that said you could no longer just "claim"
donations. ?You have to have the paper work from the 501c3 org.??
When I worked in Anthropology at the Field Museum in Chicago, we would give donors a
letter stating receipt of the donation, but we did not asign a value to the donation. The
donor had to get that from a third party appriser. Most other museums that I am familiar
with have similar policies (which might even be a part of the tax code).
Bob
8 Jul
8 Jul
12:02 p.m.
In article <1551187384.371585.1310148701786.JavaMail.root at
sz0065a.emeryville.ca.mail.comcast.net>,
feldman.r at comcast.net writes:
Perhaps Joe was thinking of this situation. When you give money to a
non-profit and they give you some "gift" in return for your donation, they
give you a slip of paper that states the value of the "gift" and this is
subtracted from your total donation for deduction purposes.
So if I give $500 to the CHM and they give me a T-shirt as a thank you
for the donation that they tell me cost them $20, I can only deduct
$500-20=480 as my donation. In these circumstances, the non-profit will
give you paperwork stating the value of the "in kind" gift that you got
in return for your donation.
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From: Joe
Chisolm - Gmail < jchisolm6 at gmail.com >
<snip>
The 501(c)(3), in this case the CHM, should give
you paper work that
describes the donation and the value of the donation. A few years back
the IRS issued rulings that said you could no longer just "claim"
donations. You have to have the paper work from the 501c3 org.
When I worked in Anthropology at the Field Museum in Chicago, we would
give donors a letter stating receipt of the donation, but we did not
asign a value to the donation. The donor had to get that from a third
party appriser. Most other museums that I am famil iar with have similar
policies (which might even be a part of the tax code).
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