Tax Deductions and Assessing the Value of Your Donation
Places for People is a 501(c)(3) qualified charitable organization. You can download a copy of Places for People's IRS Form 990. Please check with your tax professional regarding tax deductibility of your donations. For help with calculating the value of your in-kind donation, visit www.irs.gov/publications, and search for publication 561: "Determining the Value of Donated Property."
To be deductible, clothing and household items donated to charity after Aug. 17, 2006, must be in good used condition or better. However, a taxpayer may claim a deduction of more than $500 for any single item, regardless of its condition, if the taxpayer includes a qualified appraisal of the item with the return. Household items include furniture, furnishings, electronics, appliances, and linens.
To deduct any charitable donation of money, a taxpayer must have a bank record or a written communication from the charity showing the name of the charity and the date and amount of the contribution. A bank record includes canceled checks, bank or credit union statements and credit card statements. Bank or credit union statements should show the name of the charity and the date and amount paid. Credit card statements should show the name of the charity and the transaction posting date. Donations of money include those made in cash or by check, electronic funds transfer, credit card, and payroll deduction. Prior law allowed taxpayers to back up their donations of money with personal bank registers, diaries or notes made around the time of the donation. Those types of records are no longer sufficient.
Places for People provides all donors with a letter acknowledging their contribution for tax purposes. In January of each year, PfP will send each donor an annual summary of gifts for the previous calendar year.
If you need any further assistance, please contact the Development Office at 314-535-2310.
Join the discussion about PfP's programs and events on our Facebook page.
Places for People's web video series, "Changing Perspectives: Stories of Hope, Health and Recovery," provides a look into the lives of people living with mental illness and the people who have dedicated their careers to help.
Philipo's Path to Recovery
Places for People, Inc. 4130 Lindell BoulevardSt. Louis, MO 63108 Tel: 314.535.5600Get directions to our Recovery Center Campus