Digital BW, The Print

----- Original Message ----- 
From: "john dean" <deanwork2003@...>
To: <DigitalBlackandWhiteThePrint@yahoogroups.com>
Sent: Wednesday, June 13, 2007 8:35 AM
Subject: [SPAM:*] [Digital BW] Re: Valuing Prints


What I do in cases like this is to sprinkle crushed up diamond
particles in the ink mixture and print on imported gold soaked papers,
which pushes up the value of my materials considerably, but produces a
lot of clogging. :-)


john






--- In DigitalBlackandWhiteThePrint@yahoogroups.com, Harry Lockwood
<hflockwood@...> wrote:
>
> Tyler,
>
> Thanks for the guidance.  I had hoped for a financial win-win
solution with
> a decent tax break.  I guess I\ufffdll just have to be more generous than I
> planned.
>
> I wonder if Annie L. would be held to the same constraint.   ;-)
>
> Harry
>
>
> On 6/12/07 9:31 PM, "Tyler Boley" <tyler@...> wrote:
>
> >
> >
> >
> >
> > 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
> > <mailto:DigitalBlackandWhiteThePrint%40yahoogroups.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
> >> <mailto:DigitalBlackandWhiteThePrint%40yahoogroups.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
> >> <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
> >>> > > (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:
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> >> >
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> >
> >
> >
>
>
> -- 
>
> Harry F. Lockwood
>
>
>
>
> [Non-text portions of this message have been removed]
>




Please visit the Group Homepage to check the Files, and other resources as 
they are often being updated.

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Please follow these basic guidelines:
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From: "dlruckus" <dlruckus@...>
To: <DigitalBlackandWhiteThePrint@yahoogroups.com>
Sent: Thursday, June 14, 2007 10:52 PM
Subject: [SPAM:*] [Digital BW] Re: Valuing Prints


Actually Harry. It wouldn't quite be a wash. You would be deducting
all your production cost up front as a business expense on the sale as
well as some proportion as overhead etc just as any other business
would do on a merchandise sale. Since the transactions are totally
independent, you would be able to treat the cash gift as just that and
it would be fully deductible. So you would be able to,in a sense,
double dip,perfectly legally. Your action would have the effect of
causing Uncle Sam to help in the contribution. How's that for a bit of
the butterfly wings/windstorm connection?

Regards
Duane




--- In DigitalBlackandWhiteThePrint@yahoogroups.com, Harry Lockwood
<hflockwood@...> wrote:
>
> The way around this is to sell at the materials cost, and then
donate the
> proceeds.  But that\ufffds the same as simply donating the collection and
> claiming the materials cost.  However, keeping the price that low will
> enhance the probability of sales, hence income to the arts center.
>
> Thanks to everyone for your time and valuable advice.  As Tyler
suggested, I
> should perhaps focus on generosity to the arts center, which I will do.
>
> Harry
>
>
> On 6/13/07 6:25 PM, "Brian Ellis" <bellis60@...> wrote:
>
> >
> >
> >
> >
> > "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."
> >
> > Because there would be a taxable gain on the sale, which would
offset the
> > charitable contribution deduction and the whole thing would be a wash.
> >
> > ----- Original Message -----
> > From: "richardeskin" <richeskinphoto@...
> > <mailto:richeskinphoto%40comcast.net> >
> > To: <DigitalBlackandWhiteThePrint@yahoogroups.com
> > <mailto:DigitalBlackandWhiteThePrint%40yahoogroups.com> >
> > Sent: Wednesday, June 13, 2007 8:14 PM
> > Subject: [Digital BW] Re: Valuing Prints
> >
> > 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
>
>
>
>
> [Non-text portions of this message have been removed]
>




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.

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