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#2185723 - 07/17/18 07:06 PM Value In-Kind Donations for CRA Investment Credit
FancyMe Offline
Junior Member
Joined: Dec 2012
Posts: 45
Florida
We recently donated an excessive amount of IT equipment and furniture to local nonprofits in need to use in their offices and to provide programs/services. What value is appropriate and sources to determine values for CRA credit under the Investment Test?

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#2185754 - 07/17/18 07:57 PM Re: Value In-Kind Donations for CRA Investment Credit FancyMe
Tennismom Offline
Platinum Poster
Tennismom
Joined: Jan 2004
Posts: 765
Goodwill, Habitat for Humanity and Salvation Army all have online valuation guides/charts, however none are specific to office furniture or equipment. Our examiners instructed us to use the Fair Market Value which is what you would pay for the item if it were not donated.

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#2185810 - 07/18/18 01:43 PM Re: Value In-Kind Donations for CRA Investment Credit FancyMe
CompliantOkie Offline
Gold Star
CompliantOkie
Joined: Dec 2013
Posts: 422
OOOOOOklahoma
We also used FMV when we donated about 25 old PC's to a CRA qualified school.

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