Do I get a tax break for donating materials to the Goucher College Library?
Answer
Donors should contact a tax consultant or attorney regarding possible tax deductions for donations of books and special collections. Donors must file Form 8283 to deduct the value of non-cash gifts if the claimed deduction is more than $500 and must obtain the signature of a library staff member on that form if the value of the gift if more than $5,000.
Library staff may not provide monetary appraisals of collections, but can assist donors in finding certified appraisers.