[BCMA] Question re high value Donation

[Moderated BCMA subscriber listserv]

Hello Everyone,

I work in a tiny museum in a remote area. We don’t typically receive large donations of artifacts so I need some advice. 

A couple of years ago, I had a significant donation of artifacts from a tin collector. He supplied a signed appraisal and requested a tax receipt. We were excited to add the items to the collection but we noticed the valuation of items was quite high and often considerably high compared to other items we could find online. 

This year he contacted us again to offer more items. The valuation is over $25,000. It has the required appraisal. My new Board of Directors is concerned about accepting the donation because of the need to write a tax receipt for that amount.

Is there need for their concern? I have been asked to find out if writing a tax receipt for that amount impacts the organization in any way.

Thank you in advance for your help with this matter. You can email jbfletcherstore at gmail.com <mailto:jbfletcherstore at gmail.com> if you have any insight to share.

Tammy

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