[Noisebridge-discuss] Block over email for noise pollution

[Ian Atha]

Please refrain from making definitive interpretive statements of the
tax code on a public permanently-archived mailing lists unless you're
a registered tax professional :).

Having said that, in-kind to Noisebridge, that are permanently part of
Noisebridge's assets _may_ be deductible donations. IRS 526 is the
definitive source for any restrictions
(http://www.irs.gov/pub/irs-pdf/p526.pdf) . IRS 561 determines how to
estimate the fair market value of your donation
(http://www.irs.gov/pub/irs-pdf/p561.pdf).

On Sat, Apr 10, 2010 at 02:38, Sai Emrys <noisebridge at saizai.com> wrote:
> On Fri, Apr 9, 2010 at 6:31 PM, Andy Isaacson <adi at hexapodia.org> wrote:
>> So, no, *donations* (which are tax deductible as being for the benefit
>> of a 501(c)3) are not "earmarked".  People buying things with their own
>> money is not a donation in the 501(c)3 sense.
>
> Technically doesn't this still result in a donation? E.g. in the
> current situation, if people pool money so we get a piano, and the
> piano is delivered to Noisebridge, that's effectively a donation of
> the piano to NB.
>
> It's not quite the same as what you were addressing though, since
> you're right that the money per se was never officially held by the
> corp. But donations of materials are still donations in terms of tax
> writeoffs for the donators.
>
> - Sai
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