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<div>For IRS it must be "fair market value" used NOT one of the systems "invented"by people or institutions. As they told us at an ECN meeting years ago. Then an IRS 8283 form. </div>
<div>As Barry says anything in a catalog, auction, etc. with stated monetary value.</div>
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<div style="font-size:85%; color:#575757">Sent from my Verizon Wireless 4G LTE smartphone</div>
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-------- Original message --------<br>
From: Barry OConnor <bmoc@umich.edu> <br>
Date: 11/24/2015 19:42 (GMT-05:00) <br>
To: Kevin Winker <kevin.winker@alaska.edu> <br>
Cc: Nhcoll-l@mailman.yale.edu <br>
Subject: Re: [Nhcoll-l] collection assessments <br>
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<div dir="ltr">Remember that there aren't any "standard" tax valuations for insect specimens. The IRS only accepts "commercial value", so if the taxa in question can be found for sale in a dealer's catalog, an appraiser would have no problem. Otherwise, there
is the value of the pins.
<div>All the best! - Barry<br>
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<div class="gmail_quote">On Tue, Nov 24, 2015 at 7:20 PM, Kevin Winker <span dir="ltr">
<<a href="mailto:kevin.winker@alaska.edu" target="_blank">kevin.winker@alaska.edu</a>></span> wrote:<br>
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<div>Ahh - okay. When a donor has wanted a valuation for tax purposes in our case the donor has found an independent evaluator. We can't provide those valuations. But I can see how it would help to know who to point such donors to.<br>
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Best, K.<br>
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<div class="gmail_quote">On Tue, Nov 24, 2015 at 3:07 PM, Dennis R Paulson <span dir="ltr">
<<a href="mailto:dpaulson@pugetsound.edu" target="_blank">dpaulson@pugetsound.edu</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex; border-left:1px #ccc solid; padding-left:1ex">
<div style="word-wrap:break-word; color:rgb(0,0,0); font-size:14px; font-family:Calibri,sans-serif">
<div>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.</div>
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<div>So from what you say it appears that you actually designate the value of your specimens. Are there any sort of published guidelines?</div>
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<div>Thanks for responding.</div>
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<div>Dennis</div>
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<span style="font-weight:bold">From: </span>Kevin Winker <<a href="mailto:kevin.winker@alaska.edu" target="_blank">kevin.winker@alaska.edu</a>><br>
<span style="font-weight:bold">Date: </span>Tuesday, November 24, 2015 at 4:02 PM<br>
<span style="font-weight:bold">To: </span>Dennis R Paulson <<a href="mailto:dpaulson@pugetsound.edu" target="_blank">dpaulson@pugetsound.edu</a>><br>
<span style="font-weight:bold">Subject: </span>Re: [Nhcoll-l] collection assessments<br>
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<div>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.<br>
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Best, K.<br>
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<div class="gmail_extra"><br>
<div class="gmail_quote">On Tue, Nov 24, 2015 at 2:57 PM, Dennis R Paulson <span dir="ltr">
<<a href="mailto:dpaulson@pugetsound.edu" target="_blank">dpaulson@pugetsound.edu</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex; border-left:1px #ccc solid; padding-left:1ex">
<div style="word-wrap:break-word; color:rgb(0,0,0); font-size:14px; font-family:Calibri,sans-serif">
<div>Hello, all.</div>
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<div>I’m 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 don’t think I’ve seen anything about this on nhcoll before.</div>
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<div>Regards,</div>
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<div>Dennis</div>
<div>--</div>
<div>
<div>Dennis Paulson, Director Emeritus</div>
<div>Slater Museum of Natural History</div>
<div>University of Puget Sound</div>
<div>1500 N. Warner, #1088</div>
<div>Tacoma, WA 98416-1088</div>
<div><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.pugetsound.edu_academics_academic-2Dresources_slater-2Dmuseum_&d=AwMFaQ&c=-dg2m7zWuuDZ0MUcV7Sdqw&r=CLFZJ3fvGSmDp7xK1dNZfh6uGV_h-8NVlo3fXNoRNzI&m=mW6e2jSujk5jhzYLdYbiQpsKJLZTmxDbXVQCTkyTjZ8&s=EFAFgwUatQ1PC1Vyekp-a5lZVghb0YArbIFrEbwWgBc&e=" target="_blank">http://www.pugetsound.edu/academics/academic-resources/slater-museum/</a></div>
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NHCOLL-L is brought to you by the Society for the Preservation of<br>
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natural history collections to ensure their continuing value to<br>
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-- <br>
<div>Kevin Winker<br>
University of Alaska Museum<br>
907 Yukon Drive<br>
Fairbanks, AK 99775<br>
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-- <br>
<div>Kevin Winker<br>
University of Alaska Museum<br>
907 Yukon Drive<br>
Fairbanks, AK 99775<br>
<div style="padding:0px; margin-left:0px; margin-top:0px; overflow:hidden; word-wrap:break-word; color:black; font-size:10px; text-align:left; line-height:130%">
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<br>
_______________________________________________<br>
NHCOLL-L is brought to you by the Society for the Preservation of<br>
Natural History Collections (SPNHC), an international society whose<br>
mission is to improve the preservation, conservation and management of<br>
natural history collections to ensure their continuing value to<br>
society. See <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.spnhc.org&d=AwMFaQ&c=-dg2m7zWuuDZ0MUcV7Sdqw&r=CLFZJ3fvGSmDp7xK1dNZfh6uGV_h-8NVlo3fXNoRNzI&m=qDyqGkBKYUWhmuUXV4lztY2XwLtzwMMSYq2liSnpOLI&s=uSjl89CdVpT-vJZRit0bUpJ1X4cqupmB53R1YryYX-A&e=" rel="noreferrer" target="_blank">
http://www.spnhc.org</a> for membership information.<br>
Advertising on NH-COLL-L is inappropriate.<br>
<br>
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<div dir="ltr"><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:15px"><font size="4" color="#000000"><span style="font-size:14px">-So many mites, so little time!</span><span style="font-size:14px"><br>
</span><span style="font-size:14px"><br>
</span><span style="font-size:14px">Barry M. OConnor </span><span style="font-size:14px"><br>
</span><span style="font-size:14px">Professor & Curator </span><span style="font-size:14px"><br>
</span><span style="font-size:14px">Department of Ecology & Evolutionary Biology</span></font></span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:14px; color:rgb(0,0,0)"> </span>
<div><font color="#000000"><span style="font-family:Calibri,Verdana,Helvetica,Arial"><font><span style="font-size:14px">University of Michigan </span></font></span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:14px">phone:
734-763-4354</span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:15px"><font size="4"><span style="font-size:14px"> <br>
1109 Geddes Ave. </span></font></span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:14px">fax: 734-763-4080</span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:15px"><font size="4"><span style="font-size:14px"><br>
Ann Arbor, MI 48109-1079 </span></font></span><span style="font-family:Calibri,Verdana,Helvetica,Arial; font-size:15px"><font size="4"><span style="font-size:14px">e-mail: </span></font><a><font size="4"><span style="font-size:14px">bmoc@umich.edu</span></font></a></span></font></div>
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