Digital BW, The Print

Thanks for the input, Richard.  That¹s a very interesting alternative that I
hadn¹t considered.
Harry


On 6/13/07 8:14 PM, "richardeskin" <richeskinphoto@...> wrote:
> 
> It isn't clear whether the images are being donated to be hung in
> their new or refurbished building, or as a cash contribution to the
> building fund.  If the latter why don't you just sell images
> (indicating on the price card that the proceeds will be donated), and
> donate the proceeds back to the art center as cash and value your
> donation as the actual cash sale. That way you get the full deduction
> of the sale price, the sale validates the amount of the reduction,
> and the art center gets cash for the building fund. Any images not
> sold can be donated after the exihibit at material value or, in
> appreciation for your donation, to be permanently exhibited in the
> new building.
> 
> --- In DigitalBlackandWhiteThePrint@yahoogroups.com
> <mailto:DigitalBlackandWhiteThePrint%40yahoogroups.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
>>> >> 
>> > 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..
>> > 
>> > 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
>> >


-- 

Harry F. Lockwood




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