Tax Deductible Gifts
Usually a gift of books or other material will qualify as a deduction for
income tax purposes. The responsibility for establishing the fair market
value of an item lies with the donor. Donors may wish to refer to the IRS
Department of the Treasury publication, "Determining the Value of Donated
Publication 561 in the
and Publications series.
The University Libraries do not provide tax
advice. A donor seeking to claim a deduction for a gift (s) valued at $500 or
more in one calendar year must file an
Form 8283. Gifts valued at $5,000 or more, an appraiser must complete the
appropriate section of the form.