Friday, February 04, 2005

TaxWatch: The right way to value charitable donations - General News - Personal Finance

TaxWatch: The right way to value charitable donations - General News - Personal Finance: "The value of good deeds
Here's the right way to put price tag on your donations

By Eva Rosenberg, MarketWatch
Last Update: 1:02 PM ET Feb. 4, 2005 [ Page 1 | 2 ]

LOS ANGELES (MarketWatch) -- In 2001, $149.5 billion was collected as charitable donations by 501(c)(3) organizations, according to the Internal Revenue Service. How much of it came from you?
This seems to be the big time for questions about valuing donations to charity. Perhaps it's because we've had an extra month to be generous, due to the special tsunami provisions that ran through Jan. 31. Or perhaps you're just becoming so much more aware of the gold mine you have"

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