[sac-board] Re: FW: Donation

When Steve was talking to Jenn and me about the gift and its value, I pointed 
him toward Silvio Jaconelli, a finance whiz and former Treasurer and President 
for EVAC.  I can recall two things clearly:  the term that he used was "gift 
tax exclusion" and the amount was $11,000.  He said that the IRS will not tax 
the recipient for receiving a gift if it's less than this amount.

Looks like this is mentioned at various sites on the Web, such as:

http://www.lawwalk.com/annual_gift_tax_exclusion.htm


I don't think any of what Silvio mentioned had to do with tax advantages for 
the donor.  But I'd better stop now, as that's the extent of what I heard.

Tom



---- Peter Argenziano <pargenz@xxxxxxx> wrote: 
> Yes, I was surprised to read that as I am unaware of there even being a 
> threshold below which a donation doesn't bring a tax advantage to the donor.
> 
> Peter
> 
> ----- Original Message ----- 
> From: "Charlie & Anne" <c2h2a2r2@xxxxxxxxx>
> To: <sac-board@xxxxxxxxxxxxx>
> Sent: Monday, March 24, 2008 8:09 PM
> Subject: [sac-board] Re: FW: Donation
> 
> 
> Steve,
> Are you referring  to me:
> "I'm told by our treasurer the value of the donation is below the threshold
> for tax advantage, so it makes no difference there."?
> I don't remember saying anything like that.
> Charlie
> 
> ----- Original Message ----- 
> From: "Steve D." <fester00@xxxxxxxxxxx>
> To: <sac-board@xxxxxxxxxxxxx>
> Sent: Sunday, March 23, 2008 5:07 PM
> Subject: [sac-board] FW: Donation
> 
> 
> >
> > Board,
> >   Here is a copy of the note I sent to Robert Morris, (not Mason), today.
> > I'll be waiting for his response before I forward our discussion to Sac
> > Forum, if that's ok with you guys.
> >  Thanks for your input Friday.
> >
> > Steve Dodder
> > President, Saguaro Astronomy Club
> > Director, Stone Haven Observatory
> >
> > fester00@xxxxxxxxxxx
> >
> > http://www.stargazing.net/Astroman
> >
> > Date: Sun, 23 Mar 2008 16:51:23 -0700
> > From: president@xxxxxxxxxxxxxxxx
> > Subject: Donation
> > To: r.r.morris@xxxxxxx
> >
> > Mr. Morris,
> >   I have discussed your generous donation with the Board of Saguaro
> > Astronomy Club.  Unfortunately, it is their feeling this donation is
> > beyond the scope of our club.  Fortunately, in your original note,
> > attached below, you ask if there would be another organization I knew that
> > would be interested.
> >   It so happens, there is.  It is my own Stone Haven Observatory, which is
> > where the donation to SAC would have ended up, too.  The usage would be
> > exactly the same, youth groups, scouts, public viewings and real science.
> > It would just be a donation to Stone Haven Observatory instead of SAC.
> > This was suggested by the SAC Board on Friday night.
> >   If you're agreeable to donating it to me instead, I'd very much like to
> > receive a quick note from you stating that for the record.  You could just
> > say something like you donate this scope and accessories to Stone Haven
> > Observatory for their use, and we'll take care of it.  Keep a copy for
> > yourself as a record.  I'm told by our treasurer the value of the donation
> > is below the threshold for tax advantage, so it makes no difference there.
> >   Thank you very much for this very generous gift!  I'm sure we can do
> > some good with it.
> >
> > Steve Dodder
> > President, Saguaro Astronomy Club
> > Director, Stone Haven Observatory
> > Visit my website: http://www.stargazing.net/astroman
> >
> >
> > -------- Original Message --------
> >
> > Subject: Telescope Donation
> >
> > From: Robert <r.r.morris@xxxxxxx>
> >
> > Date: Tue, March 11, 2008 9:05 am
> >
> > To: president@xxxxxxxxxxxxxxxx
> >
> >
> >
> > Greetings Mr. Dodder,
> >
> >
> >
> > I have an older model of a refractor and accessories that I
> >
> > wish to donate.  If your organization or if you are aware of any other
> >
> > organization or school that would like to have my telescope please advise.
> >
> >
> >
> > Thank you for your time and consideration.
> >
> >
> >
> >
> >
> >
> >
> > Best Wishes,
> >
> > Robert Morris
> >
> >
> > _________________________________________________________________
> > Test your Star IQ
> > http://club.live.com/red_carpet_reveal.aspx?icid=redcarpet_HMTAGMAR
> >
> >
> 
> 
>

Other related posts: