If it's over 200? 250? You must put a value on the donation receipt. Nearly every donation I've made has that, including goods to goodwill or the Salvation Army.
Matthew (sent from my mobile) > On Dec 24, 2015, at 6:20 PM, Starchy Grant <star...@gmail.com> wrote: > > It looks like I was mistaken anyway - we do not provide a dollar value on the > receipt but record it internally for our own accounting purposes. > > -Starchy > >> On 15-12-24 17:40, Rob Jenson wrote: >> My understanding is that the qualified recipient of a non-cash charitable >> donation *must not* make any statement or offer advice to the donor on the >> Fair Market Value (FMV) of the donation. I've worked for non-profits, and >> this was a very serious concern ... not even with a wink and a nod and a >> vague "well, I think it might be worth ... bla bla bla." It can mess up >> the donor if they are audited, but it can also cause the donee to lose >> their "qualified" status. >> >> Here is the IRS guideline >> <https://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Charitable-Contributions-Written-Acknowledgments> >> on written acknowledgements for charitable organizations. For non-cash >> donations, since the donee is not offering advice on the FMV (which would >> include assessing whether the donation is worth more or less than $250), >> they should offer a written acknowledgment for all non-cash donations. Some >> organizations that receive many donations of various "stuff" (clothes, >> furniture, etc.) have a standard form that they provide the donor with a >> blank for the donor to fill in and value the items donated. Other >> organizations generate a specific letter for each donation. It's up to your >> organization how much administrative overhead you can expend to acknowledge >> donations. Of course, if you provide a standard "fill in the blanks" form >> and a donor requests an itemized letter you would have to provide it. >> >> The other thing to be aware of ... more for the donor than the donee, but I >> don't think it hurts anyone to say so: If the claimed FMV for a non-cash >> donation is going to exceed $5,000 an appraisal will be required. The donee >> can help facilitate this (i.e., make the items available to an appraiser >> chosen by the donor) but must not be involved in the appraisal process or >> even recommend a specific appraiser. We (former employer = historical >> society) could provide a list of multiple qualified appraisers for the type >> of materials donated, but we could not recommend a specific one. >> >> _rob_ >> >>> On 15-12-24 15:34, john boris wrote: >>> >>> Where I coach football we are upgrading our weight room with a Smart TV and >>> also an online program that the players can upload their lifting stats and >>> we can publish them on the TV. So the alum that is spearheading the project >>> asked me about getting some used tables for us to keep in the Weight room >>> for the players to use to log into the site and enter their data. >>> It is a great opportunity for our alums to give back to the program and a >>> great time as people will be getting their new toys. So I was wondering if >>> anyone on the list has handled electronic donations for their organization >>> and had a way for the person making the donation get a tax write off I >>> would appreciate some pointers. >>> >>> -- >>> John J. Boris, Sr. >>> Head Freshmen Football Coach >>> Camden Catholic High School >> >> -- >> Rob Jenson - *nix Systems Administrator [In search of a new gig] >> Email: ferthalangur {at) gmail.com or rbj (at} spotch.com >> http://www.spotch.com > >> _______________________________________________ >> Tech mailing list >> Tech@lists.lopsa.org >> https://lists.lopsa.org/cgi-bin/mailman/listinfo/tech >> This list provided by the League of Professional System Administrators >> http://lopsa.org/ > > _______________________________________________ > Tech mailing list > Tech@lists.lopsa.org > https://lists.lopsa.org/cgi-bin/mailman/listinfo/tech > This list provided by the League of Professional System Administrators > http://lopsa.org/ _______________________________________________ Tech mailing list Tech@lists.lopsa.org https://lists.lopsa.org/cgi-bin/mailman/listinfo/tech This list provided by the League of Professional System Administrators http://lopsa.org/
