Through
the generosity of our donors,
The
Thrift Shop is able to provide items at no cost
to those in need.
Proceeds
from The Thrift Shop help to fund the unfunded
services provided by the staff of Martha's Vineyard
Community Services, and donations to the Shop
are tax deductible. The location at 38 Lagoon
Pond Road in Vineyard Haven (across from the Vineyard
Haven Post Office) has allowed the Shop to expand
offerings to include not only clothing and housewares,
but furniture, artwork, and collectibles. The
book department is excellent - so good, in fact,
that the Shop is fast becoming known as "The
Other Book Store".
The Thrift Shop is successful because of the contributions
of many. Staffed by an 'army' of volunteers, the
Shop is always looking for recruits. Through the
generous donation of saleable used clothing, furniture,
jewelry - almost anything - donors not only help
to raise significant funds for MVCS, but also
provide much needed items to be recycled to those
who rely on The Thrift Shop to meet the needs
of their families.
Estate
Sales and
Antiques and Collectibles Consignments
For
information about donating property from an estate,
please contact Sandy Pratt at 508-693-2278 or
by email at thriftshop@mvcommunityservices.com
Spring
and Summer fashions
will be on the racks on April 15th.
Cleaning out your closets?
Our volunteers are waiting
to sort, price
and rack your goodies.
Come
and see us
Monday through Friday
9 a.m. - 5 p.m.
Saturday
9
a.m. - 2 p.m.
Donations
accepted
Monday - Friday 10 a.m. to 2 p.m.
or by appointment.
Appointments always required for large items.
Take advantage of half price
days.
They are so popular we've decided to have one
every day of the week all year round!
Monday - Linens
Tuesday - Books,
games and puzzles
Wednesday - Housewares
Thursday - Mystery
Day
Friday - Hardware
and Electronics
Saturday - Clothing
For
a copy of The Thrift Shop
Valuation
Guide, click here.
For
a copy of The Thrift Shop
Donor
Guide , click here.
For
a copy of The Thrift Shop
Donation
Form, click here.
For
a copy of The Thrift Shop
Men's
Clothing Donor Valuation Worksheet, click here.
For
a copy of The Thrift Shop
Women's
Clothing Donor Valuation Worksheet, click here.
For
a copy of The Thrift Shop
Children's
Clothing Donor Valuation Worksheet, click here.
For
a copy of The Thrift Shop
Household
Donor Valuation Worksheet, click here.
The
following information is provided for general
use and should not be considered tax advice.
1. Determining Value
Per IRS rules, valuation of any in-kind, non-cash
donation is the responsibility of the donor; the
recipient charity can not attest to valuation
of any donated item. The donor guide provided
above may be used as a guideline but questions
about tax deductibility should be directed to
a qualified tax specialist or accountant.
2. Fair Market Value
Generally, individuals can deduct, as a charitable
contribution, the fair market value of donated
in-kind items such as clothing and household goods.
Fair market value, per IRS guidelines, is the
amount that the item would sell for in its present
condition in a thrift store or consignment shop.
Items must be in "good" or better condition,
per IRS guidelines.
3. Donations Valued at Less Than $250
The Thrift Shop of MVCS routinely provides donors
with a receipt form which they keep for their
records. They should enter the date donated and
other information on the receipt - making it as
complete as possible - and keep it, with a list
of the donated items. Donors are encouraged to
ALWAYS keep a list of donated items.
4.
Donations Valued at $500 or More
According to the IRS, you must file Form 8283
if the amount of your deduction for all non-cash
donations is $500 or more. Please note that this
form must be sent to the charity for verifying
signature; The Thrift Shop of MVCS can not initiate
the use of this form.
5. Donations Valued at $5000 or More
An appraisal of any in-kind donation valued at
$5,000 or more, with the exceptions of publicly
traded securities, is required by the IRS. This
includes donations of vehicles.
6. Ordinary Income Property
Donations of ordinary income property have limitations.
For example, for items of business inventory,
works of art created by the donor, and capital
assets held 1 year or less, the deduction is limited
to the Fair Market Value minus the amount that
would be ordinary income or short term capital
gain if the property were sold at its fair market
value. Check with a tax professional.
7. For more information see a professional
tax advisor and the following IRS publications:
