We don't use such language on our deed of gift form, although we do provide
a blank copy of the 8283 along with the DoG for the donor's convenience. My
boilerplate text that I send to folks when they inquire about making a
donation does include an explanation of the 8283 and the fact that it is the
donor's responsibility to get the appraisal and file the form, but I don't
get as technical as the language your lawyer is suggesting.
Katherine Haas
Curatorial Assistant
Rosenbach Museum & Library
2008-2010 DeLancey Place
Philadelphia, PA 19103
Tel: 215-732-1600 X129
Fax: 215-545-7529
Email: [log in to unmask]
Web: http://www.rosenbach.org
-----Original Message-----
From: Museum discussion list [mailto:[log in to unmask]] On Behalf
Of Wade Lawrence
Sent: Monday, January 05, 2009 1:01 PM
To: [log in to unmask]
Subject: [MUSEUM-L] Deed of gift question
Hello all,
We are revising our Deed of Gift, and our legal council wants to include
some language that I would like to hear from the group about, as follows:
"Deductions for Charitable Contribution: Under current applicable law,
although it may change from time to time, if Donor elects to claim a
deduction for a charitable contribution of the gift, and the total claimed
value of which exceeds $500, Donor must file with its tax returns IRS Form
8283. And if the value of the donation is claimed to be in excess of $5,000,
and Donor elects to claim a charitable donation, then Donor must obtain a
qualified written appraisal of the gift from a qualified appraiser and
attach IRS Form 8283 (signed by The Museum) to your tax return. Again, since
applicable law may change, questions should be addressed to the IRS or your
tax advisor."
This language is more specific than I have seen in other deeds of gift. Any
opinions out there?
Wade Lawrence
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