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Used Computer Equipment Value
- Computer Donation
Computers with Causes is a unique national Charitable Organization that
provides “gifted” donated Computers to struggling families, other
Charitable Organizations and many others in the furtherance of
Charitable causes.
By donating to Computers with Causes you can still deduct the full "Fair
Market Value" of your Computer (in most cases with running or repairable
Computers) because we utilize all running or repairable Computers to
benefit charitable programs.
(Although Computers with Causes cannot legally determine the value of a
donated Computer, as the donor, not the recipient charity, must determine
the "fair market value” the above resources are provided for your
information and consideration)
Examples: If a Computer with a "fair market value" of $3000 is donated
directly to the non-profit charity and the organization sells the
Computer for $2000, the donor can only deduct $2000. But, if for
instance, the organization provides the Computer to a disadvantaged
person, the donor may deduct the full "fair market value" of $3000.
Substantiation requirements when the claimed value exceeds $500 are
as follows: No deduction is allowed unless the donor receives a written
acknowledgement from the charity.
That document must include the name and taxpayer identification
number (social security number) of the donor and the Computer
identification number (or similar number) of the asset.
Additional documentation is required but is dependant on how the
asset is used by the charity: In the event the charity sells the asset
without any significant use or material improvement, the
charity must send a written acknowledgement to the donor within 30 days
of the sale certifying:
(1) That the asset was sold at a transaction between unrelated parties.
(2) The amount of the gross sales proceeds
(3) Include a warning that the deduction is limited to the sales
proceeds.
If the Charitable Organization intends to make significant use of the
donated asset (such as providing a donated Computer to a disadvantaged
person) or make material improvements, the required written
acknowledgement must be provided within 30 days of the contribution and
must certify:
(1) The intended use and duration of such use or the material
improvements to be made.
(2) That the asset will not be transferred in exchange for money, other
property, or services before completion of such use or improvements.
Overall, by donating your computer to Computers with Causes you can be
assured that your donation and/or its proceeds will benefit worthy
causes in the community. Computers with Causes takes all steps necessary
to provide responsible stewardship of your gift and will assist you in
any way possible. For more information please feel free to
email your inquiries for prompt
care and response.
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