[Nhcoll-l] collection assessments

[Dennis R Paulson]

Thanks very much, Matt.

Dennis

On 11/24/15, 4:46 PM, "Brown, Matthew A" <matthewbrown at utexas.edu> wrote:

>Dear Dennis,
>
>For policy decisions I typically refer to Malaro¹s ³Legal Primer on
>Managing Museum Collections² on this issue, pages 251-268. Also, refer to
>the Appraisals section of IRS Pub No 561 for up to date regulations-
>https://urldefense.proofpoint.com/v2/url?u=https-3A__www.irs.gov_publications_p561_ar02.html-23d0e1653&d=AwIFAw&c=-dg2m7zWuuDZ0MUcV7Sdqw&r=CLFZJ3fvGSmDp7xK1dNZfh6uGV_h-8NVlo3fXNoRNzI&m=3hYHC8gQAFQWeDUrq6guQjZarpELeMo9GPiJGfewUJA&s=Dzmz05kTaY-qcRtaidHhRB9HY53dEOv-ircpjuwsbzk&e=  for current
>
>The rules requiring appraisals differ depending on amount claimed for
>deduction, under $5000 an appraisal isn¹t required, but the donee is also
>excluded from making an appraisal.
>
>Regarding recommendations, Malaro cautions against recommending just one
>appraiser, and also against the appearance of endorsing an appraiser.
>This can be difficult in disciplines where there isn¹t a wide market of
>appraisers to choose from. My policy is to not recommend appraisers at
>all, since in vertebrate paleontology fossil appraisers are often also
>fossil dealers. Several dealers have been convicted of smuggling
>specimens from China and Mongolia in recent years, so my personal
>preference is to not put myself or my institution in a position of
>conflict or appearance of conflict.
>
>Best,
>
>Matt
>
>
>  
>
>
>Matthew A. Brown
>Director of Museum Operations, Vertebrate Paleontology Laboratory
>Lecturer, Department of Geological Sciences
>Jackson School of Geosciences
>The University of Texas at Austin
>R7600, Austin, TX 78758
>Office:(512)232-5515
>matthewbrown at utexas.edu
>jsg.utexas.edu/vpl
>
>
>
>> On Nov 24, 2015, at 6:07 PM, Dennis R Paulson <dpaulson at pugetsound.edu>
>>wrote:
>> 
>> Kevin, we have a donor of an insect collection who wants to know if
>>they can write off the donation for tax purposes. I know of other insect
>>collections where donors have done this, with specimens valued in the
>>neighborhood of $5 each by an assessor. I assume vertebrate specimens
>>are worth a lot more than that. I suppose the value should be the same
>>whether for insurance or taxes.
>> 
>> So from what you say it appears that you actually designate the value
>>of your specimens. Are there any sort of published guidelines?
>> 
>> Thanks for responding.
>> 
>> Dennis
>> 
>> From: Kevin Winker <kevin.winker at alaska.edu>
>> Date: Tuesday, November 24, 2015 at 4:02 PM
>> To: Dennis R Paulson <dpaulson at pugetsound.edu>
>> Subject: Re: [Nhcoll-l] collection assessments
>> 
>> Hi, Dennis. It is commonly done for insurance purposes, but I haven't
>>heard of it for tax purposes. We do our own insurance evaluations.
>> 
>> Best, K.
>> 
>> On Tue, Nov 24, 2015 at 2:57 PM, Dennis R Paulson
>><dpaulson at pugetsound.edu> wrote:
>>> Hello, all.
>>> 
>>> I¹m writing to ask if any of you have the name and email of one or
>>>more people who assess the value of collections for tax purposes. This
>>>is something we need this year for the first time. I don¹t think I¹ve
>>>seen anything about this on nhcoll before.
>>> 
>>> Regards,
>>> 
>>> Dennis
>>> --
>>> Dennis Paulson, Director Emeritus
>>> Slater Museum of Natural History
>>> University of Puget Sound
>>> 1500 N. Warner, #1088
>>> Tacoma, WA 98416-1088
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>>> 
>>> 
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>> 
>> 
>> -- 
>> Kevin Winker
>> University of Alaska Museum
>> 907 Yukon Drive
>> Fairbanks, AK 99775
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>> _______________________________________________
>> NHCOLL-L is brought to you by the Society for the Preservation of
>> Natural History Collections (SPNHC), an international society whose
>> mission is to improve the preservation, conservation and management of
>> natural history collections to ensure their continuing value to
>> society. See https://urldefense.proofpoint.com/v2/url?u=http-3A__www.spnhc.org&d=AwIFAw&c=-dg2m7zWuuDZ0MUcV7Sdqw&r=CLFZJ3fvGSmDp7xK1dNZfh6uGV_h-8NVlo3fXNoRNzI&m=3hYHC8gQAFQWeDUrq6guQjZarpELeMo9GPiJGfewUJA&s=t0hIpPMxEI1YNkztNN9AL_0m-u7a_5XFv6sFrZ82khk&e=  for membership information.
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>