[BCMA] Question re high value Donation

[Moderated BCMA subscriber listserv]

The CRA permits curators to issue donation receipts with a valuation of up to $1000, although I have done some for a little amount above that limit - certainly not for $1500 plus.  Going higher requires a professional appraiser's valuation, which will mean a service charge for your museum.


Dr. Peter Moogk

Curator Emeritus

15th Field Artillery Regiment Museum

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Sent: Wednesday, November 6, 2024 11:15:51 AM
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Subject: [BCMA] Question re high value Donation

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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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