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.