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ExampleNoncash Gifts Under $250
Throughout the course of last year, Simone donated to her favorite local charity, which runs a secondhand thrift store. Simone was in the process of renovating her kitchen and decided to make a few donations early in the year. She donated a toaster, blender, electric kettle and automatic juicer. Her donation was valued at $200.
She later donated a stove, microwave, refrigerator and deep freezer. Her donation of these larger items was valued at $2,750.
At the end of the year, Simone was finally able to renovate her laundry room. She donated a washer, dryer and professional steamer. The donation of her laundry room appliances totaled $1,850.
As a last minute end-of-year gift, Simone decided to donate a vacuum cleaner and an air purifier. These donations were valued at $205.
All of the donated items were in great condition. She hoped that her local charity would be able to sell the items and generate cash to further its mission.
For the year, Simone's donations totaled $5,005. Because all of her donations fell into the generic category of household appliances, they must be aggregated to determine the substantiation requirements for her charitable deduction. She will be required to adhere to the substantiation rules for noncash gifts valued in excess of $5,000.