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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