What value would you list?
#11
Super Member
Join Date: Feb 2011
Location: DC metro area
Posts: 1,286
I'd figure out how much the fabric, batting and thread costs. Then figure out the hours you spent cross stitching the blocks and putting it all together. How much would you charge per hour? I know, that may make it pretty expensive. But your quilt is very nice and cross stitching is time consuming.
good luck
good luck
#13
Member
Thread Starter
Join Date: Jul 2011
Location: Houston, Texas
Posts: 40
This was not sold it was for a raffle, tickets are sold and you drop it in the item you want to take a chance on.
I personally know Pat Carlson who is the owner of Gloria & Pat Designs who has written all of the cross stitch Precious Moments Books and don't think I will have a problem. Thanks for your input.
I personally know Pat Carlson who is the owner of Gloria & Pat Designs who has written all of the cross stitch Precious Moments Books and don't think I will have a problem. Thanks for your input.
#14
Super Member
Join Date: Aug 2010
Location: Piedmont Virginia in the Foothills of the Blue Ridge Mtns.
Posts: 8,562
Spring for an apprasial with an AQS Certified Appraiser in your area. http://www.americanquilter.com/about_aqs/appraisers.php
There are different prices for different purpose appraisals. She (or he, for that matter) may be able to help you so that you will find future donations more accurate also.
Jan in VA
There are different prices for different purpose appraisals. She (or he, for that matter) may be able to help you so that you will find future donations more accurate also.
Jan in VA
#15
Originally Posted by Cindysue2
The reason is not for tax purposes. For all the raffles we list on the information sheet what the value is if it was purchased new.
#16
Power Poster
Join Date: Feb 2009
Location: Northern Michigan
Posts: 12,861
charity donations are valued at actual cost of materials- it's not allowed to add in time- only the actual materials cost.
so it is important to save reciepts- especially if you plan to use it as a donation tax deduction on your income taxes.
an insurance or resale value would be figured at cost x 3.
but most charitable foundations only allow the actual cost values.
so it is important to save reciepts- especially if you plan to use it as a donation tax deduction on your income taxes.
an insurance or resale value would be figured at cost x 3.
but most charitable foundations only allow the actual cost values.
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