Re: Appraisal question
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Home away from home
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I don't think so. It's totally up to the donator to get the appraisal. The Museum may suggest someone, but as far as I know, they do not supply the appraisal.
Posted on: 2015/9/15 7:38
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West Peterson
1930 Packard Speedster Eight Runabout (boattail) 1940 Packard 1808 w/Factory Air 1947 Chrysler Town and Country sedan 1970 Camaro RS https://packardinfo.com/xoops/html/modules/newbb/viewtopic.php?topic_id=4307&forum=10 http://aaca.org/ |
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Re: Appraisal question
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Home away from home
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Sorry ewrecks, but this is absolutely incorrect. West is correct, it is up to the donor to get the appraisal. No reputable museum will provide an appraisal. Please read the "Fair Market Value Donation" document from the Gilmore Museum. I also know for a fact that the Packard Motor Car Museum (Packard Proving Grounds) has the exact same policy. http://www.gilmorecarmuseum.org/wp-content/uploads/2015/02/Gilmore-Car-Museum-Fair-Market-Value.pdf "PLEASE NOTE: Acceptance of any donation DOES NOT represent a concurrence by the Museum of the "fair market value" claimed by the donor." "It is your responsibility to determine the Fair Market Value of your donation. The IRS does not allow 501(c)(3) organizations to establish a valuation for non-cash donations it receives." I would run from any museum that would offer to perform the appraisal.
Posted on: 2015/9/15 10:12
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Re: Appraisal question
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Just popping in
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Thank you, this is very helpful! I will share this info with my mom and siblings.
Posted on: 2015/9/15 21:03
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