[Nhcoll-l] Rock, mineral and fossil appraisals

[White, Rich]

The laws in Canada are completely different - they actually require the accepting institution to fix the value of the donation.


Richard S. White, Jr.
Director of Museum and Facilities
Safari Club International Foundation
4800 West Gates Pass Road
Tucson, AZ 85745

520-954-4947

From: nhcoll-l-bounces at mailman.yale.edu [mailto:nhcoll-l-bounces at mailman.yale.edu] On Behalf Of Gregory Brown
Sent: Tuesday, June 11, 2013 2:44 PM
To: Carmen Chinery
Cc: nhcoll-l at mailman.yale.edu
Subject: Re: [Nhcoll-l] Rock, mineral and fossil appraisals

I don't know the laws in Canada, but in the US we are not permitted to appraise the value of the donated item for the donor...it is the responsibility of the donor.  The IRS has rules for establishing value for tax purposes that donors must follow.  Donors can usually use third party appraisers or, for lower-cost items, recent catalogue or sale prices to establish fair market value.  But we (as the receiving institution) can not get involved with the appraisal process at all.

Greg

Sent from my iPhone
Gregory Brown

On Jun 11, 2013, at 3:40 PM, "Carmen Chinery" <cachiner at ucalgary.ca<mailto:cachiner at ucalgary.ca>> wrote:
Hello All,

I'm wondering if anyone out there has connections to people who do "fair-market value" appraisals of minerals, rocks and fossils.  We are consistently getting requests for tax receipts to accompany donations to our department, and I'm having a heck of a time trying to find someone who can do this kind of work so we can produce tax receipts.  If anyone knows of someone, preferably in Canada, so the tax stuff doesn't get too complicated, I'd appreciate the contact information.  I'll take information for anyone in the United States too.

Thanks in advance.

Cheers,

Carmen
Carmen Chinery
Curator and Laboratory Technician
Department of Geoscience
University of Calgary

ph:   403-220-2723
em:  carmen.chinery at ucalgary.ca<mailto:carmen.chinery at ucalgary.ca>
ma:  Department of Geoscience
       University of Calgary
       2500 University Drive NW
       Calgary, AB
       T2N 1N4
_______________________________________________
Nhcoll-l mailing list
Nhcoll-l at mailman.yale.edu<mailto:Nhcoll-l at mailman.yale.edu>
http://mailman.yale.edu/mailman/listinfo/nhcoll-l
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.yale.edu/pipermail/nhcoll-l/attachments/20130611/de5b71fe/attachment.html