- 2019 Posts
- Local Donation Avenues
- SNAP Benefits Will Be Funded Through February & Will Be Issued by January 20
- Tish Rudnicki Joins North Shore Senior Center as Executive Director
+ 2018 Posts
- Navigating the Holidays with a Family Member Living with Dementia
- Caregiver Specialist Heather Resnick on Caregiver Support
- Grandparents Raising Grandchildren
- Center Launches North Shore Senior Options
- On Blindness, Alzheimer's and Love
- Shared Vision: Winnetka Congregational Church Woman's Society Benevolence Committee
- Protecting Seniors and Adults with Disabilities: Adult Protective Services
- A Jack of All Trades: Al Davis
- Family Tradition: Gone Fishin'
- Dedicated Volunteer: Fern Kamen
- Generous Soul: Mitchell Slotnick
- Assessing the Older Adult Members of your Family
- Giving Back: Fay Goldblatt
- Adult Protective Services (APS) Program Benefits from Shamrock Shindig
- Humble Beginnings: Bobbi Halloran
+ 2017 Posts
- Arts and Crafts at the Center
- #GivingTuesday at North Shore Senior Center
- Leisure Time Well Spent - Daytrips at the Center
- New Advisory Council Formed
- Playreading with Vivian Mitchel
- North Shore Senior Center's Foundation Board
- Wills vs. Trusts
- Joan Golder Distinguished Senior Lecture Series showcased actor Mike Nussbaum
- 20/20 Corporate Campaign
- Functional Fitness: Training for Everyday Life
- Benefits of Pet Therapy for People with Memory Loss
- Grandparents Raising Grandchildren Benefit from Oktoberfest
- Small Screen Big Stars: Oh What a Night!
- Sharing a Common Thread
- Helping You Make Informed Choices for Care
- 2017 Janet Burgoon Philanthropic Excellence Award for Distinguished Community Partner
- 2017 Janet Burgoon Philanthropic Excellence Award for Dedicated Corporation
- 2017 Janet Burgoon Philanthropic Excellence Award for Outstanding Philanthropist
- Special Needs Trusts
- Gifts in Kind Increase the Center's Impact
- Enrich your Life with Lifelong Learning
- A Little TLC Goes a Long Way
- PEARLS: Reducing Symptoms of Depression Home-based Counseling Services Available
- Big Stars to Chair Annual Benefit
- Evanston Community Foundation
- Million Dollar Round Table Foundation
- Super Senior Day
- New Physical Therapy Services Now Available at North Shore Senior Center!
- Stroke Prevention Tips
- Why Powers of Attorney are Important to You!
- Get Expert Help with Your Tax Returns
- North Shore Senior Center Awarded Gold Status for Philanthropic Efforts
- Fitness as a Goal for Life
- Men's Club Offers Unique Programs to Community
- Spread the Love at North Shore Senior Center
- Jean Griswold Foundation supports House of Welcome Adult Day Services
- "I think a hero is any person really intent on making this a better place for people." - Maya Angelou
- "A true hero isn't measured by the size of his strength, but by the strength of his heart." - Zeus from Hercules
- Winter Safety and Health Tips
- "A hero is someone who has given his or her life to something bigger than oneself." - Joseph Campbell
- A Granddaughter's Love for her Grandmother
- Six Things to Consider Before Making Gifts to Grandchildren
- Lending Closet for Durable Medical Equipment at North Shore Senior Center
- Seniors Can Save Lives by Donating Blood
+ 2016 Posts
- Lifelong Learning Catalog Wins International Award for Best Brochure
- Life Stories are Gifts that Keep on Giving
- Visiting Aging Parents During the Holidays
- Edna Weber Garden of Light Wing at the House of Welcome
- Learn More About What Makes This World Tick
- 60 Years of Service: Advocacy
- 60 Years of Service: Compassion
- Myrna and John Cruikshank, III: Steady and Committed Philanthropists
- Kenilworth United Fund: Longstanding, Civic-Minded Community Partner
- Radford Green at Sedgebrook: Dedicated Corporation and Vested Supporter
- Simple Tips to Improve Your Balance
- 60 Years of Service: Creativity
- Daily Money Management Fosters Peace of Mind
- Opportunities for Learning, Exploring, and Connecting
- The Edna Weber "Garden of Light" Wing
- Protecting Vulnerable Seniors: Adult Protective Services Promotes Quality of Life
- Top Ten Reasons Why Older Adults Continue to Work
- Super Seniors We Admire!
- Scams and Fraud: Protect Yourself
- The State's Devastating Impact on Our Budget
- North Shore Senior Center Southern Hub Moves to Niles
- Alzheimer's Family Support Group
- Evanston Support Group for Family Caregivers
- Family Caregiver Support Group in Skokie
+ 2015 Posts
- Music + Dance + Dialogue = A Musical!
- Flex and Strengthen Your Muscles
- Generous & Caring Corporate Citizen
- More Than Service and Fellowship
- Art Gallery a "Hidden Gem" at North Shore Senior Center
- Sound Off on Hearing Loss
- Making Sense of American Poltics
- Fitness Center Enhances More Than Muscle Strength
- Virtual View of Art: From the Basics to Specialties
- Social Connections are a Key to Successful Aging
- North Shore Senior Center Celebrates Super Seniors!
- Super Senior Spotlight
- What is a Senior Center?
- MDRT Foundation Aids Grandparents Raising Grandchildren Program
- Social Worker Reaches Out to Seniors in Need
- How to Achieve Your Healthiest Brain Yet
- AmazonSmile: Your Online Shopping Can Help NSSC!
+ 2014 Posts
Gifts in Kind Increase the Center's ImpactJuly 20, 2017
By Jan Klingberg
Are you downsizing or tackling a major cleanup of clutter? During decades in your home, condo or apartment, you have accumulated a closetful of yarn. You tucked away a walker your partner used. You have oodles of flower vases. And no one in your family wants your collection of Hummel figurines. Do some of your treasures need a new home?
Keep North Shore Senior Center in mind as you sort through your possessions. You might not know that, in addition to cash gifts, many donors make a gift of tangible property. Nearly 200 individuals last year alone! Not everyone is or can be a major donor, and in-kind giving is an effective and creative way of supporting the Center.
Using Your In-Kind Gift
Mim’s: The Shop at the Center is the primary recipient of in-kind donations to the Center. The Shop connects treasured items with someone who will value and use them. Proceeds from sales at Mim’s approach $50,000 annually. This is an important revenue stream for general operations—the day-to-day expenses to keep the lights on and the organization going.
You can help the Center by donating high-end or costume jewelry, antiques, collectibles, knickknacks, china, glassware, or sterling and silver plate serving pieces.2 These items are needed year ’round. You could also add The Shop to your weekly circuit of bargain hunting. Thrifting—visiting several thrift shops, secondhand shops, or vintage markets—has become a popular pastime whatever your income level. Perhaps your budget doesn’t stretch far enough to buy a fancy serving plate for a friend or greeting cards at a local gift shop. Or you’re an environmentalist who prefers buying second-hand goods. Whatever the reason you enjoy thrifting, you will find bargains, unusual items, and constantly changing inventory at The Shop. Rose Carroll, associate director of arts and crafts programs, commented, “People have said they love shopping here because they find things they don’t find in thrift shops elsewhere. Everything has a story behind it!” She credits her cadre of a dozen or so volunteers for making this possible. They unpack, clean, polish, sort, price, display, and sell with skill and efficiency.
The Lending Closet is a perfect spot for that piece of durable medical equipment you tucked away. Seniors and their families can borrow such items as walkers, wheelchairs, crutches or shower benches. This free service is a great alternative to purchasing equipment when you are recovering from an injury or illness. Charlie Dubman is a five-day-a-week volunteer who manages all the details of the Lending Closet. The inventory ebbs and flows, with a limited number of some items at times and a surplus of others. So it’s best to contact Charlie first to make arrangements to donate your clean, gently used medical goods. But a cautionary note—no beds can be accepted nor can any electrical items.
The Center’s programs, too, are spots where donations are put to good use and help the Center fulfill its mission. For example, yarn and fabric are used by members of the Sewing Bees, who make booties, quilts, useful household items and baby sweaters for sale in The Shop. Another group knits and crochets edging on fleece blankets for cancer patients. In the Senior and Family Services programs, clients often face heart-wrenching, unhealthy choices, like, “Do I need to skip my drug prescription this month so I have enough money for food?” Donated gift certificates to local supermarkets become invaluable under those circumstances.
Fundraising events can be expensive endeavors, so in-kind donations are crucial components of events such as the annual benefit. Businesses large and small are the primary donors to the silent and live auctions, but many items are received from individuals—for example, the use of vacation homes or tickets to sporting events. For some events, attendees are asked to donate specific items. Grandparents Raising Grandchildren, for instance, benefited from the Oktoberfest donations of food and household necessities, such as cleaning supplies.
Whether you decide to make an in-kind gift to the Center or to another nonprofit organization, determining the tax advantages and establishing the value of your treasure are likely uppermost in your mind.
Regarding Tax Deductions
The tax implications for your particular situation are best determined in consultation with your tax attorney/preparer. For example, it might be more advantageous to place your valuable possession in trust for distribution after your death rather than transfer it now.
Here are a few general guidelines as you consider making an in-kind gift and wish to claim a tax deduction:
- IRS Publication 526 outlines what types of donations can be deducted and how to claim a deduction.
- Donations must be given to a nonprofit that is listed as a 501(c)(3) organization and be a public charity.
- Generally, you can take a tax deduction for an in-kind donation. A receipt is sufficient to verify most donations, though you must have an acknowledgement letter from the charity for an item with a value of $250 or more.
- Additional information about non-cash donations totaling more than $500 (or a single gift valued over $500) will be required for your tax return.
- A donation valued at $5,000 or more usually needs a qualified appraisal.
- By law, you are responsible for determining the value of your in-kind gift; neither the Center nor any nonprofit can do so. That is why acknowledgement letters for non-cash gifts usually do not assign a dollar value to the donation.
How much is it worth?
You can establish a value of many gifts in kind by calculating the fair market value. That is, how much are similar items priced and how much would a person be willing to pay for the item in its current condition?
But if your possession likely has a value of $5,000 or more, an independent appraisal is the only way to maximize your tax deduction. A certified appraiser has the education and experience to give you an unbiased estimate of the current value of your property. Furthermore, the appraiser has fulfilled requirements for accreditation and adheres to ethical standards of the profession. When you consider donating a valuable item, a certified appraisal not only fulfills IRS requirements but also helps you make an informed decision and protects your financial well-being.
Although the Center cannot recommend specific professionals, Rose can give you the names of local appraisers and tell you about members’ experience with those experts. She also can point you to someone who can provide informal feedback regarding whether your item has enough value to pursue a certified appraisal. Or, if you need names of household sales specialists or auction houses, she can give you that information. Rose relies on feedback from members about their experiences and is very happy to hear about a particular service you have used. “Your feedback could help others as they are exploring various options,” she said.
Once you are reasonably certain your items— clean and serviceable—will be useful to the Center, make a list of what you have, establish a value, and bring the items to the Northfield Campus (161 Northfield Road) between 9:30 a.m. and 3:30 p.m., Monday through Friday. No pickup services are available, but staff and volunteers can help you unload at the Center. Your in-kind gifts will be put to good use, and you will benefit too:
- You will feel good about supporting a local nonprofit organization that provides highquality service to seniors and their families.
- It’s likely that you can include in-kind donations in your list of tax deductions.
- You are helping the environment by reducing waste. Your recycling helps avoid premature dumping of solid waste into landfill!
Even if you are not downsizing or in a sprucing up mode, keep your ears open for others who are. Treasured items or household goods that have outlived their usefulness to you, a neighbor or a friend might indeed become a fabulous find for someone else, a stockpile of supplies for projects, or much-needed resources for clients. Your in-kind gift can help the Center save and earn money, thereby increasing the organization’s impact in the community.