it's really just a way to contribute and one has to keep that in mind. Some people can do that by buying things or contributing cash. I'm in a better position to give work product than anything else, if I want to help. What I'm trying to say.. the payoff is doing somethng because you want to, and not look too much to what other side benefits your involvement may offer, like tax breaks etc.. If Harry's question involved a valuation for tax purposes, that was what I was addressing. But there may be other reasons he needs a value number. Tyler --- In DigitalBlackandWhiteThePrint@yahoogroups.com, RobLee <roblee007@...> wrote: > > couldn't you just sell and purchase back your work on paper from someone and then dontate? > > Tyler Boley <tyler@...> wrote: I first discovered this long ago when I contributed an entire body of > work of a Costa Rica Rain forest to the Nature Conservancy who > happened to be involved in the area. > > I am told that my contributions of pieces to art auctions for > charities are only reportable to the IRS at the material cost of > production. This does not include my time of course, or any real > market value. It's only art, after all, and surely just a hobby for me. > The people who get the real tax benifit are the wealthy who made the > purchase, they can utitize the full amount of they spent at the > auction. After all, they had to get in their car and drive there and > all, dress, etc.. > > Welcome to America. > > Make sure you are involved only because of the spirit of the thing, > that's what counts and it'll be difficult to otherwise take advantage > of your act of generosity. > Tyler > > --- In DigitalBlackandWhiteThePrint@yahoogroups.com, "hflockwood" > <hflockwood@> wrote: > > > > In a juried process, I was selected to exhibit my (B&W) prints at a > non-profit art center in VT > > (Northeast Kingdom.) The prints are archival (carbon on cotton: MIS > quadtone, HFA paper) > > and are professionally matted and (16x20) framed. There will be 25 > prints in the month- > > long exhibit. > > > > Since the center is in the midst of a fund raising effort, I'm > contemplating donating the entire > > collection to their building fund, rather than trying to sell them. > Obviously, this raises the > > question of how to value the collection for tax purposes. > > > > The materials cost to me of putting the collection together is about > $150 per print, with no > > value given to my time or to the artistic value of the prints included. > > > > So, if I am to claim a charitable deduction, how do I value the > donation? The center has > > agreed that $400 per print, or $10,000 for the collection, would be > easily justified. > > > > I'm looking for guidance from others who may have faced a similar > situation. > > > > TIA. > > > > Harry > > > > > > > > > > > > Incoming and outgoing mail scanned by AVG > www.grisoft.com > > > > > --------------------------------- > Boardwalk for $500? In 2007? Ha! > Play Monopoly Here and Now (it's updated for today's economy) at Yahoo! Games. > > [Non-text portions of this message have been removed] >
Message
[Digital BW] Re: Valuing Prints
2007-06-12 by Tyler Boley
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