Originally Posted by Cindysue2
Sorry I posted this under pictures and I guess should have posted here, sorry for the double post. I wanted to know what value I should list for the quilt below. It is approx. 60 x 80 large throw and has hand stitched counted crosstitched in some of the blocks. It is being donated and will be part of a raffle for the Houston Food Bank. I have only been quilting for about 1 1/2 years and only been on this board since July so I need help!
When you donate a car, you can deduct the amount the charity actually sells the car for - not the value. In your case, I would contact the Food Bank and ask exactly how much your quilt sold for in the raffle (how many tickets they sold). You can deduct that amount from your taxes.
If you're wanting a price to quote to the charity, you could figure on:
quilting - two cents a square inch - $96
fabric - 4 yds front and back - 8 yds at $10 - $80
batting - $12
That's $188. If you add in what it would cost to buy hand cross-stitched blocks on ebay that's probably another $30 to $50.