I was being sarcastic, sorry. There's considerable personal experience with that scenario that has resulted in my cynicism about it. I'll leave it at that. Ultimately, I hope the poster got the advice he needed. Tyler --- In DigitalBlackandWhiteThePrint@yahoogroups.com, Brian Ellis <bellis60@...> wrote: > > "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.." > > Well of course they did a little more than just get dressed and drive to the > auction - they laid out the money to buy the work of art that they donate to > the charity. > > > > ----- Original Message ----- > From: "Tyler Boley" <tyler@...> > To: <DigitalBlackandWhiteThePrint@yahoogroups.com> > Sent: Tuesday, June 12, 2007 12:36 PM > Subject: [Digital BW] Re: Valuing Prints > > > 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 > > > > > > > Please visit the Group Homepage to check the Files, and other resources as > they are often being updated. > > http://groups.yahoo.com/group/DigitalBlackandWhiteThePrint > > If you wish to receive no emails or just a daily digest, or you wish to > unsubscribe, please edit your Membership preferences by visiting this same > page. > > Please follow these basic guidelines: > - As threads develop, trim off excess portions of earlier messages to keep > them short. > - Good manners are required at all time. No personal attacks or flames. > Hostile, aggressive or argumentative users may be removed from the > membership without notice. > - Keep your posts and threads related to the group topic of digital B&W > printing. Users who persistently make off-topic posts may be removed from > the membership. > - By posting on this forum you agree to abide by the group rules and > guidelines, and to abide by the actions and decisions of the group Owner and > Moderators. See "Group Topic, Rules and Guidelines" in the Files section: > http://groups.yahoo.com/group/DigitalBlackandWhiteThePrint/files/ > > BY PARTICIPATING IN AND/OR POSTING MESSAGES TO THE DIGITAL BW, THE PRINT > YAHOO! GROUP YOU EXPRESSLY UNDERSTAND AND AGREE THAT THE "OWNER" AND > "MODERATORS" OF DIGITAL BW, THE PRINT YAHOO GROUP SHALL NOT BE LIABLE TO YOU > FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY > DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, > GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF THE "OWNER" AND > "MODERATORS" OF DIGITAL BW, THE PRINT YAHOO GROUP HAVE BEEN ADVISED OF THE > POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (i) THE USE OR THE INABILITY > TO USE THE DIGITAL BW, THE PRINT YAHOO GROUP; (ii) UNAUTHORIZED ACCESS TO OR > ALTERATION OF YOUR TRANSMISSIONS OR DATA; (iii) STATEMENTS OR CONDUCT OF ANY > THIRD PARTY ON THE DIGITAL BW, THE PRINT YAHOO GROUP; OR (iv) ANY OTHER > MATTER RELATING TO THE DIGITAL BW, THE PRINT YAHOO GROUP. > > Yahoo! Groups Links >
Message
[Digital BW] Re: Valuing Prints
2007-06-13 by Tyler Boley
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