Donation Value Guide

Transcription

Donation Value Guide
Donation Value Guide
Thank You for Donating to Goodwill
Your generous donation plays an important role in our ability to fulfill the Goodwill mission. Revenues
from the sale of gently-used items support the Vocational Services Programs of Goodwill. Donations
and purchases provide job training that make it possible for people to improve their economic situation. The generosity of people like you helps make it possible for Goodwill to improve lives through
the dignity and power of work.
Donated items that are unique or especially valuable may be directly donated to Goodwill’s online
auction site—www.shopgoodwill.com.
Goodwill Industries also accepts donations of vehicles. The donor must be able to turn over a clear
title and the keys to the car and should remove the license plates before donating the car. All vehicle
donations should be made at the Peoria War Memorial location.
Valuation Guide
In general, taxpayers who itemize are entitled to deduct the value of goods donated to qualified
religious, charitable, educational, governmental or other philanthropic organizations.
The rules governing valuation, record keeping and reporting can be quite complex. Therefore, we
recommend obtaining IRS Publications 526 and 561 and/or consulting a tax advisor if your situation
so warrants.
Answers to some of the more commonly asked questions are provided below:
Can Goodwill place a value on my non-cash charitable contribution for me?
No. The IRS requires the donor to assign values. Some acceptable methods are estimated resale
value, replacement cost, or qualified appraisal. Regardless of the method used, consideration should
be given to the age, condition, quality, style and use of the donated article.
What documentation should I obtain at the time of my donation?
A receipt from the donee should be obtained specifying the name of the organization, date and
location of the contribution as well as a description of the donated property. Goodwill Industries of
Central Illinois offers all donors donation receipts at the time of your donation.
I lost my donation receipt. Can Goodwill give me another copy?
Unfortunately, Goodwill cannot give duplicate copies of donation receipts. With the large volume of
donations we take in, we are simply unable to keep records.
For more information, contact Goodwill’s Director of Development at (309) 682-1113 x2112
or visit our website, www.goodwillpeo.org.
Valuation Guide
Below is merely a guideline to assist you in determining values for your own items. You must take into
consideration the quality and condition of your items when determining a value. The IRS does not
allow us to make a dollar valuation. We can only verify your gift. According to Federal law, clothing
and household goods must be in “good used condition or better” for tax deductions.
Women’s Clothing
Item
Men’s Clothing
Low Range
High Range
Blouse
3.50
10.00
Bathrobes
5.00
Bras
Low Range
High Range
Jackets
6.00
30.00
15.00
Over coats
10.00
50.00
2.00
8.00
Pajamas
3.00
6.00
Bathing suits
3.00
8.00
Pants—shorts
4.00
12.00
Coats
10.00
50.00
Raincoats
6.00
24.00
Dresses
5.00
15.00
Suits
12.00
60.00
Evening dresses
10.00
40.00
Slacks
4.00
10.00
Fur hats
6.00
15.00
Shirts
3.50
10.00
Fur coats
20.00
200.00
Sweaters
4.00
10.00
Foundation garments
2.00
8.00
Swim trunks
3.00
6.00
Handbags
3.00
20.00
Tuxedo
12.00
50.00
Hats
1.00
6.00
Undershirts
2.00
4.00
Jackets
6.00
30.00
Undershorts
2.00
4.00
Nightgowns
3.00
15.00
Belts—ties
3.00
6.00
Pant suits
7.00
30.00
Socks
1.00
3.00
Suits
12.00
30.00
Low Range
High Range
Skirts
4.00
10.00
Blouses
2.00
4.00
Sweaters
4.00
10.00
Coats
4.00
15.00
Slips
2.00
6.00
Dresses
3.00
6.00
Slacks
4.00
10.00
Jackets
4.00
15.00
Jeans
2.00
6.00
Pants
2.00
6.00
Snowsuits
6.00
12.00
Shoes
Item
Item
Children’s Clothing
Item
Low Range
High Range
Women’s Boots
4.00
20.00
Skirts
2.00
6.00
Women’s Shoes
4.00
15.00
Sweaters
2.00
6.00
Men’s Shoes
4.00
30.00
Slacks
2.00
6.00
Children’s Boots
3.00
8.00
Shirts
2.00
6.00
Shoes
2.00
6.00
Socks
1.00
2.00
Underwear
1.00
3.00
Valuation Guide continues on next page >>
Home Linens & Textiles
Item
Furniture
Low Range
High Range
Blankets
3.00
10.00
Bedspreads
6.00
Chair covers
Low Range
High Range
Bar stools
6.00
20.00
30.00
Bed (double) complete
20.00
60.00
6.00
12.00
Bed (single) complete
15.00
40.00
Curtains
4.00
12.00
Cabinet
20.00
100.00
Drapes
8.00
40.00
Chair (upholstered)
15.00
75.00
Pillows
3.00
10.00
Chest
20.00
60.00
Sheets
4.00
12.00
Coffee table
10.00
50.00
Throw rugs
3.00
12.00
Desk
20.00
100.00
Towels
1.00
6.00
Dresser with mirror
20.00
120.00
End tables (two)
12.00
60.00
Fireplace set
10.00
40.00
Floor lamps
6.00
25.00
Kitchen table
20.00
75.00
Kitchen Chair
6.00
20.00
Pictures and paintings
6.00
30.00
Ping pong tables
15.00
40.00
Pool tables
60.00
100.00
Radio
6.00 20.00
Rugs
6.00
40.00
Secretary
40.00
100.00
Stereo
10.00
40.00
Sofa
20.00
150.00
TV—black & white (working)
5.00
25.00
TV—color (working)
10.00
80.00
Trunk
6.00
60.00
Wardrobe
40.00
100.00
Low Range
High Range
Bicycles
6.00
50.00
Fishing rods
6.00
30.00
Ice/roller skates
6.00
20.00
Skis
6.00
50.00
Sleds
6.00
20.00
Tennis rackets
6.00
20.00
Toboggans
10.00
40.00
Miscellaneous
Item
Low Range
High Range
Adding machines
6.00
12.00
Christmas trees
6.00
60.00
Broiler ovens
10.00
30.00
Copier
40.00
80.00
Mixer
6.00
30.00
Mower (riding)
80.00
200.00
Mower (auto)
12.00
100.00
Phone answering machine
10.00
40.00
Power edger
6.00
60.00
Rototiller
30.00
60.00
Sewing machine
10.00
60.00
Snow blower
50.00
150.00
Typewriter
10.00
40.00
Vacuum cleaner (working)
15.00
50.00
Wigs
6.00
30.00
Item
Sporting Goods
Item
For more information, contact Goodwill’s
Director of Development at (309) 682-1113 x2112
or visit our website, www.goodwillpeo.org.