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Goodwill donation receipt Sample
Goodwill |
1516 Magnavox Way |
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Toll Free: |
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Fort Wayne, IN 46804 |
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Phone: (260) |
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Industries of Northeast Indiana, Inc. |
FAX: (260) |
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TTY: (260) |
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www.fwgoodwill.org |
DONATION RECEIPT
TAX RECORD FORM
GOODWILL WORKS SO PEOPLE CAN: Goodwill is a private, not for profit corporation and is tax exempt under Section 501 (c) (3) of the Internal Revenue Code. Goodwill is dedicated to helping people with disabilities and employment barriers achieve their potential through the dignity and power of work.
TAX RECORD FORM: Federal law provides that clothing and household goods must be in “good used condition or better“ for tax deductions. All values are assigned by the donor. Please keep this signed form as your donation record. Visit www.fwgoodwill.org for more information.
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Goodwill Representative Signature |
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*It is the policy of Goodwill Industries not to share or sell the names of our donors.
Accredited by CARF – The Commission on Accreditation of Rehabilitation Facilities –
Community Employment Services
E201 Rev. 8/11
Goodwill |
1516 Magnavox Way |
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Toll Free: |
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|
Fort Wayne, IN 46804 |
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Phone: (260) |
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Industries of Northeast Indiana, Inc. |
FAX: (260) |
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TTY: (260) |
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||
|
www.fwgoodwill.org |
DONATION RECEIPT
TAX RECORD FORM
GOODWILL WORKS SO PEOPLE CAN: Goodwill is a private, not for profit corporation and is tax exempt under Section 501 (c) (3) of the Internal Revenue Code. Goodwill is dedicated to helping people with disabilities and employment barriers achieve their potential through the dignity and power of work.
TAX RECORD FORM: Federal law provides that clothing and household goods must be in “good used condition or better“ for tax deductions. All values are assigned by the donor. Please keep this signed form as your donation record. Visit www.fwgoodwill.org for more information.
Name
Address
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Zip |
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Donations |
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Goodwill Representative Signature |
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Date |
*It is the policy of Goodwill Industries not to share or sell the names of our donors.
Accredited by CARF – The Commission on Accreditation of Rehabilitation Facilities –
Community Employment Services
E201 Rev. 8/11
Instructions on Utilizing Goodwill donation receipt
After gathering your items for donation, you will need to fill out the Goodwill donation receipt form. This form serves as proof of your charitable contribution and can be useful for tax purposes. Follow the steps below to ensure you complete the form correctly.
- Start by writing the date of the donation at the top of the form.
- Enter your name in the designated field. Make sure to use your full legal name.
- Provide your address, including street, city, state, and ZIP code.
- List the items you are donating. Be specific about each item, including quantity and condition.
- Estimate the fair market value of each item. This is the price you could reasonably expect to sell the item for.
- Sign and date the form at the bottom to verify the information provided is accurate.
Once you have completed the form, keep a copy for your records. You can present the original receipt to Goodwill when you drop off your items, ensuring you have documented your generous contribution.
Misconceptions
Many people have questions and misunderstandings about the Goodwill donation receipt form. Here are some common misconceptions:
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The receipt is not important.
Some donors believe that the receipt is merely a formality. In reality, it serves as proof of donation for tax purposes.
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Donations are only tax-deductible if I itemize my deductions.
While it is true that itemizing is necessary for many deductions, even individuals who take the standard deduction can benefit from donations.
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I can write off the full retail value of my donated items.
Donors often think they can claim the retail value, but the IRS requires that the deduction reflects the fair market value of the items at the time of donation.
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Goodwill determines the value of my items.
Goodwill provides a receipt, but it is the donor's responsibility to assess the value of the items for tax purposes.
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I don’t need a receipt for small donations.
Regardless of the donation size, having a receipt is advisable. It provides documentation that can be useful during tax preparation.
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All items donated must be in new condition.
Goodwill accepts gently used items, and the receipt can still be used for tax deductions, provided the items are in acceptable condition.
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Only physical items can be donated.
Some people think only tangible goods qualify. However, monetary donations also warrant a receipt and are tax-deductible.
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Once I donate, I can’t change my mind.
While the donation is final once accepted, donors can often retrieve items if they are still at the donation center.
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The receipt is only for my records.
While it is important for personal records, the receipt is also essential for tax filing and may be requested by the IRS.
Documents used along the form
When making a donation to Goodwill or any charitable organization, several forms and documents may accompany the Goodwill donation receipt. Each of these documents serves a specific purpose, ensuring that both the donor and the organization have clear records of the transaction. Below is a list of commonly used forms that can enhance your donation experience.
- Charitable Contribution Form: This form provides a detailed account of the items donated, including descriptions and estimated values, which can help with tax deductions.
- IRS Form 8283: Required for non-cash donations over $500, this form must be filed with your tax return to report the value of your donated items.
- Donation Agreement: A written agreement that outlines the terms of the donation, ensuring both parties understand the arrangement.
- Tax Deduction Worksheet: This worksheet helps donors calculate the potential tax benefits of their charitable contributions, making it easier to prepare for tax season.
- Inventory List: A personal record of items donated, which can be useful for tracking donations over time and for personal tax records.
- Non-disclosure Agreement: To protect sensitive information during transactions, utilize our comprehensive Non-disclosure Agreement template to ensure confidentiality and legal compliance.
- Thank You Letter: A letter from the charity acknowledging the donation, which can serve as proof for tax purposes.
- Appraisal Report: If the donated items are valued over a certain amount, an appraisal report may be necessary to substantiate the value claimed on tax forms.
- Donation Policy Document: This outlines the organization's policies regarding what can be accepted as donations, helping donors understand their options.
- Volunteer Agreement: If you’re also volunteering, this form outlines your responsibilities and rights while working with the organization.
Having these documents on hand can streamline the donation process and ensure that you meet all necessary requirements for tax deductions. Proper documentation not only aids in personal record-keeping but also supports the charitable organization in maintaining transparency and accountability.