What are the best ways to give property such as art or collectibles to charity?
Donate appreciated objects. If you donate property that you’ve held for more than
one year, and that property has appreciated in value, you can deduct the full value
of the property as of the date of the contribution. The IRS says this is the price
at which property would change hands between a willing buyer and a willing seller.
Donate to a public charity. You can deduct the fair market value of the contributed
items if you donate them to a public rather than a private charity. Check IRS
Publication 78, which lists most qualified organizations.
Make sure the charity meets the
