All material gifts to Northwestern University Library are considered noncash charitable donations. Persons thinking of donating books to the library often wish to know about the tax status of their gift and are frequently interested in having their gift appraised for tax deduction purposes. Any tax deduction over $5,000 will require a professional appraisal, for which the donor will be responsible. Because the Internal Revenue Service regards us as an interested party, the library is itself unable to provide appraisals; however, we will be glad to assist you in locating a professional appraiser. Donors should consult their tax advisor in all cases, as the tax code regarding charitable donations is revised frequently. You may also want to take a look at the Internal Revenue Service's website.
Currently, a taxpayer must file Form 8283, "Noncash Charitable Contributions," (Section A) if the fair market value of the donation exceeds $500. If a deduction of more than $5000 is claimed for an item or a group of similar items donated, the taxpayer must also complete section B of the form.
Gifts of appraised value will receive a receipt from the University Development office.
IRS Publications Relevant to Charitable Donations
- Publication 526 - Charitable Contributions [PDF]
- Publication 561 - Determining the Value of Donated Property [PDF]
- Form 1040 Schedule A - Itemized Deductions [PDF]
- Form 8283 - Noncash Charitable Contributions [PDF]
- Instructions for Form 8283