Tax Information & Appraisals
Your gift may be tax deductible as charitable contributions for federal tax purposes as allowed by Internal Revenue Service (IRS) regulations. IRS regulations governing charitable contributions of non-cash gifts are complex. We strongly encourage you to consult legal, accounting or other professional advisers before you make your gift. Information on IRS and University Libraries requirements for supporting your income tax deduction is available from the Gifts Program. Call 206-543-1859.
Valuation of donated property is the responsibility of the donor. IRS regulations and University of Washington policy prohibit Libraries staff from providing gift appraisals.
Value is $5,000 or more
If the value of your non-cash gift or the aggregate value of a series of non-cash gifts to one or more organizations during the tax year will be $5,000 or more and you intend to claim a non-cash charitable deduction:
- Call the Gifts Program at 206-543-1859 before hiring an appraiser or making your gift to the UW Libraries.
Note! Failure to provide early notification may result in the Libraries' inability to substantiate your claim onIRS Form 8283 or comply with other IRS reporting requirements.
- Obtain a "qualified appraisal" that details the gift.
- File an IRS Form 8283.