CDL: Gifts, Taxes, Valuations?

From: John Abbott <abbottjp_at_conrad.appstate.edu>
Date: Thu, 23 Mar 2000 09:04:09 -0500
To: Colldv-l <COLLDV-L_at_usc.edu>
From: "Joy Humphries" <JHumphries_at_wvutech.edu>

Please excuse duplicate postings to several lists.

Our policy for accepting gifts has been very open because of limited
materials budgeting.  Also, our acquisitions person is also the manager of
gift receipts and processing due to staff reductions.  

The problem is that many of our donors are asking us to appraise their
donations for tax purposes.  There was a very good article in Library
Journal in 1989 which spelled out the tax liability situation for
libraries.  We provide a copy of this information to our donors, but they
seem to ignore it because it is 11 years old.  Does anyone know a source
of updated unformation on appraisal of book donations and tax liability?

Joy D. Humphries
Reference / Tech Services Librarian
Vining Library  - - WVU Tech
Montgomery, WV
Received on Thu Mar 23 2000 - 06:04:13 EST