• Welcome to DNForum.com™ - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars
    If you are new to domains and looking to buy, sell and learn about domains then you have come to the right place. DNForum is the oldest global domain name community on the internet and continues to grow every day. There are over 45,000 domainers on DNForum doing everything from buying domains, selling domains, using our free in-house built tools, learning about domains and discussing domains. Take a minute and Register.

Domain donation directly to a charity

Status
Not open for further replies.

bigfishion

Exclusive Lifetime Member
Legacy Exclusive Member
Joined
Jul 3, 2008
Messages
452
Reaction score
1
I have a .org domain that is the last name of a famous baseball player. His charity is currently using a 25 letter domain that is made up of three words (his first name, his last name and the word foundation dot org). My domain (last name dot org) would be perfect, but they want it for free, and I would like to get something more out of the deal than just a warm and fuzzy feeling for being a nice guy.

I was thinking about donating it and taking a tax write-off. The problem with that, however, is determining the domain's value for the IRS. The domain would go directly to them so it wouldn't go through a sale to determine the price.

Any ideas on the best way to handle something like this? I look forward to ideas and recommendations.
 
From my understanding the IRS is cracking down on appraised value of items donated because many people abused the appraissals to get a bigger write off, and actual value is the determing factor, in this case what you paid for it, I may be wrong and as always you are better off getting an opinion from a tax preparer/accountant
 
just sell it here...better than a tax write off ;)
 
Here is how people do it when they donate equipments (computer, printer, etc...).
- Give the item to the church with the invoice
- When the Church pay the invoice, you deposit to your bank and write a check to donate to the church
- The Church will send you a letter at the end of the year (for the IRS) how much money (from your check) that you donated.
 
Status
Not open for further replies.
Back
Top Bottom