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Charitable Contributions

Resources

Guidance on Appraisal Requirements for Gifts of Property. In 2004, Congress added section 170(f)(11) to the tax Code, requiring donors to obtain a qualified appraisal for donated property if they intended to claim a charitable deduction of $5,000 or more. Earlier this year, as part of the Pension Protection Act, the rules were amended to include new definitions of "qualified appraisal" and "qualified appraiser". The IRS has issued Notice 2006-96 to provide guidance on the new definitions. (October 2006) 

• Publication 526 - Charitable Contributions
• IRS Notice 2006-01 provides guidance for donee organizations that receive charitable of contributions of qualified vehicles. The Service also provides general information related to donation of vehicles with links to related background materials.
• IRS Publication 1771, Charitable Contributions - Substantiation and Disclosure Requirements
  explains the federal tax laws for 501(c)(3) organizations, including colleges and universities, that receive charitable contributions and for taxpayers who make contributions. (Sept. 2005)
• IRS Notice 2004-7 Aimed at Curbing Abuses Related to Donations of Patents and Intellectual Property. (Jan. 2004)
• Summary of IRS Rules on Acknowledgement of Gifts and Quid Pro Quo

Useful Links

• Council for Advancement and Support of Education (CASE) The association for advancement professionals in alumni relations, communications, and development.