[QUOTE=bkay;7966537]
Originally Posted by
K-Roll
Question: when making quilts for charity, does anyone writing off the donation(s) on their taxes? Just curious!
I know that monetary donations and other gifts to charity are deductible. ] end quote
I hadn't thought of that. I know if you donate a painting to an art museum, you can deduct the current market value of that item.
My dad spent his last years in a nursing home owned by a religious organization. They had about 25 Salvadore Dali prints in the hall. When I saw them, my first thought was, "Yeah, and I bet those are real". Also, they say that's why many municipal art museums end up with both fake and worthless paintings.
I wonder if you can donate the current value of your quilt? Hypothetically, all you would need is the recipient organization to appraise it and give you a receipt.
bkay
You probably can. You would have to have a receipt from the organization which might or might not be easy to obtain. Non-profits in many states are audited every year. I worked for one here in Houston and went thru 2 audits. This was a very small group and the audit took 3 or 4 days. They are pretty strenuous about the whole thing and scrutinize donations carefully so non-profits are pretty careful about things.