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GIVESFREDERICK COUNTY GIVES NEWSLETTER WINTER 2022FREDERICK COUNTY Nancy Nicodemus Franck (left) poses for a photo with scholarship recipients Madison France and Natal Marion, and Community Foundation

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What is non-cash donations?

Non-cash donations are contributions of goods, services, or other types of property rather than cash. This can include items like clothing, furniture, or vehicles.

Who is required to file non-cash donations?

Individuals or organizations that claim a tax deduction for non-cash charitable contributions generally need to file documentation detailing these donations, particularly if the value exceeds a certain amount.

How to fill out non-cash donations?

To fill out non-cash donations, you must complete Form 8283 for donations exceeding $500 and provide detailed descriptions of the items, their fair market value, and the date of donation. For items valued over $5,000, a qualified appraisal may be required.

What is the purpose of non-cash donations?

The purpose of non-cash donations is to support charitable organizations with goods and services, which can also provide tax deductions for the donor.

What information must be reported on non-cash donations?

When reporting non-cash donations, you must provide the name of the organization, a description of the donated property, the date of the contribution, and the value of the donation.

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