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Donating to AFTPL
AFTPL, a New York nonprofit corporation, is an organization described in
Section 501 (c) (3) of the Internal Revenue Code.
Your gift to the AFTPL is deductible on your U.S. personal income tax return
as a charitable contribution, within IRS guidelines. AFTPL will provide writ
ten
acknowledgments of all donations in excess of $250, and all donations in
excess of $75 for which the donor receives something of value in exchange for
his/her gift.
If you give gifts-in-kind to the AFTPL, generally you can deduct the fair
market
value of the gift-in-kind at the time of your contribution. IRS guidelines
require
that you, rather than AFTPL, determine the value of any donated property.
Special IRS rules on reporting and valuing gifts apply to donations of
items (or
groups of similar items) for which you seek a charitable contribution of more
than $5,000.
Please seek the advice of your personal advisors with respect to any tax
issues.
Please make all donations payable to "American Foundation for Toronto Public
Library".
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