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Old 05-24-2008, 12:19 AM   #1 (permalink)
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Default Donating to Salvation army..

For those who have donated a lot of stuff to the salvation army or similar organizations...

when donating clothes, have any of you itemized the clothes if provided a valuation guide from the organization? im about to sort out about 5-6 boxes worth of clothes and based on the valuation guide i have from the local salvation army, i could write off AT LEAST 600 bucks worth of stuff...

so my question is.. when it comes to valuation guides, do you use the low or high end? or just avg it and call it a day...?

and if you have itemized your donations, has it worked out positively for you when uncle sam comes a knockin?
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Old 05-24-2008, 12:21 AM   #2 (permalink)
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Don't they give you a receipt type thing that states the value of the donation? I would go high end, no way the gov't could bang you for over valuing it if you have some sort of documentation showing what they valued it at.
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Old 05-24-2008, 06:51 AM   #3 (permalink)
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When my fiance' has donated anything all we get is a very basic thank you note form that MIGHT have the day/date stamped on it and a generic title written in, i.e. clothes, house goods, etc. They do NOT put any sort of valuation on it as that would open a can of worms for them if there is a discrepancy between how they value something and how you value something. As for does it benefit come tax time? Each case is different. I didn't get any tax breaks this year.
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Old 05-24-2008, 09:04 AM   #4 (permalink)
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Make a detailed list of what you are donating and have them sign that and the receipt. Then just do book value and that is what you can write off.
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Old 05-24-2008, 07:54 PM   #5 (permalink)
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My Salvation Army will not sign for any clothing unless I write down a value for each item. An accountant and the Salvation Army have a price list for value on clothing. I am not sure about this but I think if you claim more than $500 for donations you must have proof and it also is a red flag. At least that is what my acc. told me and so did the Salvation Army.
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Old 05-24-2008, 08:06 PM   #6 (permalink)
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I have a list and prices of what you can claim (From my accountant)for just about anything that can be donated.I give to the V.O.A. and I keep a detailed list of the items that have been given. I do this for the entire year and it has helped with my taxes.


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Old 05-24-2008, 10:10 PM   #7 (permalink)
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Quote:
Originally Posted by sammyw View Post
I am not sure about this but I think if you claim more than $500 for donations you must have proof and it also is a red flag. At least that is what my acc. told me and so did the Salvation Army.
i dropped off some stuff at goodwill a couple months ago. their form stated anything over 250.00 needed documentation.
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Old 05-24-2008, 10:42 PM   #8 (permalink)
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Quote:
Originally Posted by sammyw View Post
My Salvation Army will not sign for any clothing unless I write down a value for each item. An accountant and the Salvation Army have a price list for value on clothing. I am not sure about this but I think if you claim more than $500 for donations you must have proof and it also is a red flag. At least that is what my acc. told me and so did the Salvation Army.
Valuation Guide

thats pretty good proof, right? i am assuming this is what i would include when its tax time
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Old 05-25-2008, 01:26 AM   #9 (permalink)
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My tax guy told me last year that from now on he needed receipts for all donations I had made....so no more saying I donated $50 to cancer research without written proof.

As far as donating to Salvation army, this was the first year I donated clothes to them and all they giave me is a receipt saying number of bags/boxes I've donated with no value attached to it. I've never asked them for a receipt with a value, so I don't know if they do that
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Old 05-27-2008, 12:11 PM   #10 (permalink)
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I donate to the rescue mission here. When we bring in stuff he enters in a basic description for our goods. Box of clothes boxes of kitchen ware etc.
then when I get home I detail it a little more and as far as the average high low. Think of it as cards. Are the jeans worn or almost new with no tears then you base it high. Anything over 250.00 has to have a receipt. A receipt would be something they give you or you give them to sign they received.
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Old 05-27-2008, 12:20 PM   #11 (permalink)
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I don't give any clothing donations to the Salvation Army or Goodwill. The Salvation Army Sends their clothes to their thrift stores and Goodwill just sells them period. I take my clothing donatations to Drop-In Centers where people come to shower and eat and get a fresh change of clothes. The Drop in Centers take clothing donations and recycle the clothing among the local homeless community. I don't think clothing should be donated for organizations to make profit.

Over the last couple of years driving to my G/F parents house we would always drive by this new construction site which kep on getting bigger and bigger. There was a sign that said "Future site of Salvation Army." I thought that was great. One of the times we drove by and it was complete and we came to see that it was a Massively Fabulous Complex for A Salvation Army Headquarters. There was no need for that I don't think. Sorry for the rant.
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Old 05-27-2008, 01:59 PM   #12 (permalink)
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Quote:
Originally Posted by csun22 View Post
My tax guy told me last year that from now on he needed receipts for all donations I had made....so no more saying I donated $50 to cancer research without written proof.

As far as donating to Salvation army, this was the first year I donated clothes to them and all they giave me is a receipt saying number of bags/boxes I've donated with no value attached to it. I've never asked them for a receipt with a value, so I don't know if they do that
If you have a good accountant they will base the donation amount on what will not send a red flag to the IRS. I always make several drops to goodwill each year and get a blank receipt.

I actually wish there was a program in my area that HJ was describing. At least I know the clothes would be put to good use right away. Instead of being sold and money supposedly be used properly by Goodwill.
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