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The value of donated property is in the eye of the marketplace
Fall 2012
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 1050
Abstract: Nonprofits often struggle with valuing noncash and in-kind donations, including the value of houses or other buildings. Although the amount that a donor can deduct generally is based on the donation’s fair market value (FMV), there’s no single formula for calculating FMV for every type of gift. This article discusses the basics of FMV, along with three FMV factors the IRS regards as particularly relevant. A sidebar explains when donors need to seek an appraisal.
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Donor intent becoming hot-button issue – Gift documentation, acceptance guidelines ward off future problems
August / September 2008
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 1050
Abstract: What’s probably the largest donor intent lawsuit in U.S. history, Robertson v. Princeton University, is expected to go to trial this fall. With its allegations of fund misuse, the case could set the stage for charitable giving in this century. Here’s what you need to know to protect yourself against such accusations.