Organizations described as 501(c)(3) are commonly referred to as charitable organizations. Keeper of the Grumper Foundation is a 501(c)(3) charitable organization, and you are eligible to receive tax-deductible contributions in accordance with IRS Code.
Donation of Electronics: – Donations of electronic goods that are in “good” condition are entitled to a tax deduction, according to Federal law.
The Internal Revenue Service requires that all charitable donations be itemized and valued. Under the IRS Code, Non-cash Charitable Contributions — applies to deduction claims totaling more than $500 for all contributed items. If you are donating item for more than $500, you are responsible for valuing at the fair market value of the property.
If a donor is claiming over $5,000 in contribution value, there is a section labeled “Donee Acknowledgement” in Section B, Part IV of Internal Revenue Service (IRS) Form 8283 that must be completed.
