The expected practice with the IRS (in the US) is that the person who is donating an item declares its value; for items under $500 they do not need any outside appraisal, whereas they do for items valued over $500.

So - in the instance of a very high end item that they felt was worth more than $500, it would need to be independently appraised.

In most cases regarding items valued significantly less than that, as relative "experts" in the field I am comfortable suggesting a value for a supporter donating a bike (e.g. "I think that trek road bike could be valued at $150").

On Aug 9, 2014 4:14 PM, <thethinktank-request@lists.bikecollectives.org> wrote:
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Today's Topics:

   1. Re: Appraising the value of a bike (mfen651@aol.com)
   2. Re: Appraising the value of a bike (Rick Nonnekes)
   3. Re: Appraising the value of a bike (Jim)
   4. Bike!bike! Workshops (Darren Knox)
   5. Re: Survey on starting and sustaining a bike co-op
      (Falls City Community BikeWorks Community BikeWorks)
   6. Re: Survey on starting and sustaining a bike co-op (Sam Lorrimer)


----------------------------------------------------------------------

Message: 1
Date: Sat, 9 Aug 2014 00:44:38 -0400 (EDT)
From: mfen651@aol.com
To: thethinktank@lists.bikecollectives.org
Subject: Re: [TheThinkTank] Appraising the value of a bike
Message-ID: <8D181A3C2168618-150C-A2A7@webmail-m235.sysops.aol.com>
Content-Type: text/plain; charset="us-ascii"

Okay,  perhaps I need to write more exactly, or perhaps readers need to be more open and less judgmental of others who participate.

The question was about valuing a unique item.  The inference was that the party in possession placed an extreme value on it.

The statement was clear that it had no knowledge of how to value the item in question.

My suggestion took into account the many people that "donate" items.  I can suggest hundreds of reasons people donate beyond the ones put forth by those of you negatively reflecting on my comment.

There is a difference between people who bring in a bike (or any item) for "donation" and leave it, and those that "donate" in exchange for a receipt "for value" with the intention of taking a tax deduction.

I'm not going to address the differences, because they should be clear, but if they are not, then its not for me to teach.

I never said people are greedy, but experience has taught me that if they are seeking a receipt "for value", and are assigned a lower than their estimated value they will show their displeasure.

I'm sure my response to the two comments of negativity will bring more negative responses.  Save your time and energy.  My comment was what it is, and remains valid.

The reason the taxing authorities don't want direct appraisals, is because everything would be valued significantly below its actual value, enabling the vendor to earn copious ill gotten gains at the expense of the one who donated it.

If that isn't greed, I don't know what is?  But then that was your comments, not mine.

Matt









-----Original Message-----
From: sheldon mains <sheldon@spokesconnect.org>
To: The Think Tank <thethinktank@lists.bikecollectives.org>
Sent: Fri, Aug 8, 2014 3:49 pm
Subject: Re: [TheThinkTank] Appraising the value of a bike


 I agree with Christopher. There are a lot of reasons people donate. I find most people are not greedy. They donate because the like what the organization does. They donate because they want their bike to "have a good home" They donate because they can get a tax break. They donate because they don't want to go through the hassle of selling it.  They donate because it is the easiest way to dispose of something.


Yes, some of the bikes we get donated are really just trash and go to our recycler immediately. But we get some great bikes donated that can be rehabilitated and sold or used for a community bike library or used for an Earn-a-Bike program



..............
Sheldon Mains
SPOKES Bike Walk Connect
www.SpokesConnect.org  www.fb.com/SpokesConnect
Minneapolis, MN 612/618-7149
Three ways to donate to SPOKES:
1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations always welcome. Check www.SpokesConnect.org for details.




On Thu, Aug 7, 2014 at 11:05 PM,  <christopher@holisticcycles.com> wrote:


Matt, I had a woman who donated her brothers (very nice ) bikes to me, not because she could not sell them,, after his suicide, she just wanted a good person to have these things. She asked me to do good with them. I did just that for her. Not always is something donated because people can not sell it.
Christopher Wallace
Holistic Cycles
140 Harrison St
Oak Park, IL. 60304




-------- Original Message --------
Subject: Re: [TheThinkTank] Appraising the value of a bike
From: mfen651@aol.com
Date: Thu, August 07, 2014 1:06 pm
To: thethinktank@lists.bikecollectives.org

Long shot here, but this is not a matter of IRS or Ministry of CD, its a matter of market.

 I've traded in exotic cars and rare aviation artifacts for many years.  I've seen all sorts of things claimed to have all sorts of value.  At the end of the day, if its a collectable and has value, why would she be donating it to a collective?  Because she can't sell it, that's why.

 However the bottom line is what will the market pay for it?  If she is going to donate it to you, it has no value, unless she can (a) substantiate that it is 24kt gold, note gold chrome. (b) That there is a market for it.  The last point (b) is why the IRS and Finance Ministry would both frown on the recipient determining the value in the absence of any substantial evidence for that value.

 Somewhere in Canada there is someone who is a purported "expert" in bicycles and another who might likely be a metallurgist and can chemically or otherwise verify the gold v. chrome matter.  Then the "expert" should be able to determine if there is a market for this bike regardless of gold v. chrome.

 Good luck.  Would enjoy knowing the outcome.

 Thank you

 Matt










-----Original Message-----
 From: sheldon mains <sheldon@spokesconnect.org>
 To: The Think Tank <thethinktank@lists.bikecollectives.org>
 Sent: Thu, Aug 7, 2014 3:02 pm
 Subject: Re: [TheThinkTank] Appraising the value of a bike



The IRS really frowns on the recipient of donated goods providing a value. She should get it appraised herself.  With the special condition, it may be more difficult. Maybe an antique dealer would be a good bet.



sheldon





..............

Sheldon Mains

 SPOKES Bike Walk Connect

www.SpokesConnect.org  www.fb.com/SpokesConnect

Minneapolis, MN 612/618-7149

Three ways to donate to SPOKES:

1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations always welcome. Check www.SpokesConnect.org for details.






On Thu, Aug 7, 2014 at 7:25 AM, Rick Nonnekes <rnonnekes@gmail.com> wrote:




We recently had a lady bring in a bike for donation.  It is an early 1980's Rossi Columbia, custom made for her. She's adamant that it is plated with 24k gold - looks like it too (although we're speculating on gold coloured chrome).  It's in good condition.  Can anyone suggest how we can get it appraised for value?


 Cycle Transitions,

 Cobourg Ontario, Canada


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Message: 2
Date: Sat, 9 Aug 2014 13:45:35 -0400
From: Rick Nonnekes <rnonnekes@gmail.com>
To: The Think Tank <thethinktank@lists.bikecollectives.org>
Subject: Re: [TheThinkTank] Appraising the value of a bike
Message-ID:
        <CAF9Y3v=73NgPfnvn5EzWPEF8+KP8vXqxCKEt8kyB=XWnh22U0g@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

The lady who donated the bike had heard about our shop and thought of it
when she was clearing her basement.  Her husband has a similar bike but
doesn't want to part with it yet.

I appreciate all the comments and suggestions.  We'll do some research and
decide what route we'll take.

Rick


On Fri, Aug 8, 2014 at 3:49 PM, sheldon mains <sheldon@spokesconnect.org>
wrote:

>  I agree with Christopher. There are a lot of reasons people donate. I
> find most people are not greedy. They donate because the like what the
> organization does. They donate because they want their bike to "have a good
> home" They donate because they can get a tax break. They donate because
> they don't want to go through the hassle of selling it.  They donate
> because it is the easiest way to dispose of something.
>
> Yes, some of the bikes we get donated are really just trash and go to our
> recycler immediately. But we get some great bikes donated that can be
> rehabilitated and sold or used for a community bike library or used for an
> Earn-a-Bike program
>
> ..............
> Sheldon Mains
> SPOKES Bike Walk Connect
> www.SpokesConnect.org  www.fb.com/SpokesConnect
> Minneapolis, MN 612/618-7149
> Three ways to donate to SPOKES:
> 1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations
> always welcome. Check www.SpokesConnect.org for details.
>
>
> On Thu, Aug 7, 2014 at 11:05 PM, <christopher@holisticcycles.com> wrote:
>
>> Matt, I had a woman who donated her brothers (very nice ) bikes to me,
>> not because she could not sell them,, after his suicide, she just wanted a
>> good person to have these things. She asked me to do good with them. I did
>> just that for her. Not always is something donated because people can not
>> sell it.
>> Christopher Wallace
>> Holistic Cycles
>> 140 Harrison St
>> Oak Park, IL. 60304
>>
>>
>>  -------- Original Message --------
>> Subject: Re: [TheThinkTank] Appraising the value of a bike
>> From: mfen651@aol.com
>> Date: Thu, August 07, 2014 1:06 pm
>> To: thethinktank@lists.bikecollectives.org
>>
>> Long shot here, but this is not a matter of IRS or Ministry of CD, its a
>> matter of market.
>>
>> I've traded in exotic cars and rare aviation artifacts for many years.
>> I've seen all sorts of things claimed to have all sorts of value.  At the
>> end of the day, if its a collectable and has value, why would she be
>> donating it to a collective?  Because she can't sell it, that's why.
>>
>> However the bottom line is what will the market pay for it?  If she is
>> going to donate it to you, it has no value, unless she can (a) substantiate
>> that it is 24kt gold, note gold chrome. (b) That there is a market for it.
>> The last point (b) is why the IRS and Finance Ministry would both frown on
>> the recipient determining the value in the absence of any substantial
>> evidence for that value.
>>
>> Somewhere in Canada there is someone who is a purported "expert" in
>> bicycles and another who might likely be a metallurgist and can chemically
>> or otherwise verify the gold v. chrome matter.  Then the "expert" should be
>> able to determine if there is a market for this bike regardless of gold v.
>> chrome.
>>
>> Good luck.  Would enjoy knowing the outcome.
>>
>> Thank you
>>
>> Matt
>>
>>
>>
>>
>>  -----Original Message-----
>> From: sheldon mains <sheldon@spokesconnect.org>
>> To: The Think Tank <thethinktank@lists.bikecollectives.org>
>> Sent: Thu, Aug 7, 2014 3:02 pm
>> Subject: Re: [TheThinkTank] Appraising the value of a bike
>>
>>  The IRS really frowns on the recipient of donated goods providing a
>> value. She should get it appraised herself.  With the special condition, it
>> may be more difficult. Maybe an antique dealer would be a good bet.
>>
>>  sheldon
>>
>>  ..............
>> Sheldon Mains
>>  SPOKES Bike Walk Connect
>> www.SpokesConnect.org  www.fb.com/SpokesConnect
>> Minneapolis, MN 612/618-7149
>> Three ways to donate to SPOKES:
>> 1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations
>> always welcome. Check www.SpokesConnect.org for details.
>>
>>
>> On Thu, Aug 7, 2014 at 7:25 AM, Rick Nonnekes <rnonnekes@gmail.com>
>> wrote:
>>
>>>  We recently had a lady bring in a bike for donation.  It is an early
>>> 1980's Rossi Columbia, custom made for her. She's adamant that it is plated
>>> with 24k gold - looks like it too (although we're speculating on gold
>>> coloured chrome).  It's in good condition.  Can anyone suggest how we can
>>> get it appraised for value?
>>>
>>>  Cycle Transitions,
>>>  Cobourg Ontario, Canada
>>>
>>> ____________________________________
>>>
>>> The ThinkTank mailing List
>>> <a href="
>>> http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
>>> from this list</a>
>>>
>>>
>>>
>>   ____________________________________
>>
>> The ThinkTank mailing List
>> <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
>> from this list</a>
>>
>>
>>  ------------------------------
>> ____________________________________
>>
>> The ThinkTank mailing List
>> Unsubscribe from this list
>> <http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org>
>>
>>
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>>
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>> http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
>> from this list</a>
>>
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>>
>
> ____________________________________
>
> The ThinkTank mailing List
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Message: 3
Date: Sat, 9 Aug 2014 11:05:25 -0700
From: Jim <jamesbleds0e@yahoo.com>
To: The Think Tank <thethinktank@lists.bikecollectives.org>
Subject: Re: [TheThinkTank] Appraising the value of a bike
Message-ID: <4B804596-3E54-4761-8741-FB24077324A6@yahoo.com>
Content-Type: text/plain; charset="us-ascii"

Look on e-bay. There will be similar bikes there.  As to value it is whatever she wants in the long run.  In the US we do not put a "value" donated stuff for IRS records.  That is up to the donator.  Except for some items like cars. Those are sold at auctions and the price is the "value".  My experience in Cooperative bicycle operations is that the "market price" is not the value determinator and most likely will not be a good measure for the client in question.

Sent from my iPad

> On Aug 9, 2014, at 10:45 AM, Rick Nonnekes <rnonnekes@gmail.com> wrote:
>
> The lady who donated the bike had heard about our shop and thought of it when she was clearing her basement.  Her husband has a similar bike but doesn't want to part with it yet.
>
> I appreciate all the comments and suggestions.  We'll do some research and decide what route we'll take.
>
> Rick
>
>
>> On Fri, Aug 8, 2014 at 3:49 PM, sheldon mains <sheldon@spokesconnect.org> wrote:
>>  I agree with Christopher. There are a lot of reasons people donate. I find most people are not greedy. They donate because the like what the organization does. They donate because they want their bike to "have a good home" They donate because they can get a tax break. They donate because they don't want to go through the hassle of selling it.  They donate because it is the easiest way to dispose of something.
>>
>> Yes, some of the bikes we get donated are really just trash and go to our recycler immediately. But we get some great bikes donated that can be rehabilitated and sold or used for a community bike library or used for an Earn-a-Bike program
>>
>> ..............
>> Sheldon Mains
>> SPOKES Bike Walk Connect
>> www.SpokesConnect.org  www.fb.com/SpokesConnect
>> Minneapolis, MN 612/618-7149
>> Three ways to donate to SPOKES:
>> 1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations always welcome. Check www.SpokesConnect.org for details.
>>
>>
>>> On Thu, Aug 7, 2014 at 11:05 PM, <christopher@holisticcycles.com> wrote:
>>> Matt, I had a woman who donated her brothers (very nice ) bikes to me, not because she could not sell them,, after his suicide, she just wanted a good person to have these things. She asked me to do good with them. I did just that for her. Not always is something donated because people can not sell it.
>>> Christopher Wallace
>>> Holistic Cycles
>>> 140 Harrison St
>>> Oak Park, IL. 60304
>>>
>>>
>>> -------- Original Message --------
>>> Subject: Re: [TheThinkTank] Appraising the value of a bike
>>> From: mfen651@aol.com
>>> Date: Thu, August 07, 2014 1:06 pm
>>> To: thethinktank@lists.bikecollectives.org
>>>
>>> Long shot here, but this is not a matter of IRS or Ministry of CD, its a matter of market.
>>>
>>> I've traded in exotic cars and rare aviation artifacts for many years.  I've seen all sorts of things claimed to have all sorts of value.  At the end of the day, if its a collectable and has value, why would she be donating it to a collective?  Because she can't sell it, that's why.
>>>
>>> However the bottom line is what will the market pay for it?  If she is going to donate it to you, it has no value, unless she can (a) substantiate that it is 24kt gold, note gold chrome. (b) That there is a market for it.  The last point (b) is why the IRS and Finance Ministry would both frown on the recipient determining the value in the absence of any substantial evidence for that value.
>>>
>>> Somewhere in Canada there is someone who is a purported "expert" in bicycles and another who might likely be a metallurgist and can chemically or otherwise verify the gold v. chrome matter.  Then the "expert" should be able to determine if there is a market for this bike regardless of gold v. chrome.
>>>
>>> Good luck.  Would enjoy knowing the outcome.
>>>
>>> Thank you
>>>
>>> Matt
>>>
>>>
>>>
>>>
>>> -----Original Message-----
>>> From: sheldon mains <sheldon@spokesconnect.org>
>>> To: The Think Tank <thethinktank@lists.bikecollectives.org>
>>> Sent: Thu, Aug 7, 2014 3:02 pm
>>> Subject: Re: [TheThinkTank] Appraising the value of a bike
>>>
>>> The IRS really frowns on the recipient of donated goods providing a value. She should get it appraised herself.  With the special condition, it may be more difficult. Maybe an antique dealer would be a good bet.
>>>
>>> sheldon
>>>
>>> ..............
>>> Sheldon Mains
>>> SPOKES Bike Walk Connect
>>> www.SpokesConnect.org  www.fb.com/SpokesConnect
>>> Minneapolis, MN 612/618-7149
>>> Three ways to donate to SPOKES:
>>> 1. Volunteer.  2. Donate repairable used bikes. 3. Financial donations always welcome. Check www.SpokesConnect.org for details.
>>>
>>>
>>>> On Thu, Aug 7, 2014 at 7:25 AM, Rick Nonnekes <rnonnekes@gmail.com> wrote:
>>>> We recently had a lady bring in a bike for donation.  It is an early 1980's Rossi Columbia, custom made for her. She's adamant that it is plated with 24k gold - looks like it too (although we're speculating on gold coloured chrome).  It's in good condition.  Can anyone suggest how we can get it appraised for value?
>>>>
>>>> Cycle Transitions,
>>>> Cobourg Ontario, Canada
>>>>
>>>> ____________________________________
>>>>
>>>> The ThinkTank mailing List
>>>> <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe from this list</a>
>>>>
>>>>
>>>
>>> ____________________________________
>>>
>>> The ThinkTank mailing List
>>> <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
>>> from this list</a>
>>>
>>> ____________________________________
>>>
>>> The ThinkTank mailing List
>>> Unsubscribe from this list
>>>
>>>
>>> ____________________________________
>>>
>>> The ThinkTank mailing List
>>> <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe from this list</a>
>>>
>>>
>>
>>
>> ____________________________________
>>
>> The ThinkTank mailing List
>> <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe from this list</a>
>>
>>
>
> ____________________________________
>
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Message: 4
Date: Sat, 9 Aug 2014 14:19:05 -0500
From: Darren Knox <darren.knox@gmail.com>
To: The Think Tank <thethinktank@lists.bikecollectives.org>,    God win
        <michael.allen.godwin@gmail.com>
Subject: [TheThinkTank] Bike!bike! Workshops
Message-ID:
        <CAPde-KZPVKCB9+6d4Qu0ODo8JXjMktG3-ST8AY+Rxe_hC1-Pgg@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

Hi all (esp. Columbus and Godwin),

I proposed a workshop for bike bike this year and I'm wondering if there's
any way to confirm that it has been accepted.

I would also love to be able to see a list of workshops and edit the
title/description of my workshop.

Please let me know if that's a possibility.

Thanks,
Darren
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Message: 5
Date: Sat, 9 Aug 2014 15:37:39 -0400
From: Falls City Community BikeWorks Community BikeWorks
        <fccbikeworks@gmail.com>
To: The Think Tank <thethinktank@lists.bikecollectives.org>
Subject: Re: [TheThinkTank] Survey on starting and sustaining a bike
        co-op
Message-ID:
        <CAP0iUQ2dKU_RxewK8hNQ3G0QDJddMk8KcAYBpCMyStxrp1ra7A@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

This is so cool!!! Yay for Cummins, the volunteers, and your community
bikeshop!



Isabella Christensen & John Krueger (FCCBikeWorks)
502-558-3157 / 859-221-5329
https://www.facebook.com/FCCBikeworks
http://bicyclingforlouisville.org/#fccb





On Fri, Aug 8, 2014 at 3:07 PM, Ken Lanteigne <k.lanteigne@gmail.com> wrote:

> At the Columbus (Indiana) bike co-op, much of our volunteer base comes
> from a local corporation with facilities in sister cities around the
> world.  We're interesting in using that volunteer base to help launch
> co-ops in those cities where a co-op doesn't exist.  Information on
> bikecollectives is really helpful and we will definitely point people
> there.  We have some specific questions about what has been successful, so
> we've put together a Google survey.  If you have been involved with
> starting up a co-op, we'd love to have your input.
>
>
> https://docs.google.com/forms/d/1HN6qTormomHWw7kkS8smd_HvO_LMMgsugV-8vNtxE_g/viewform?c=0&w=1&usp=mail_form_link
>
> Thanks
> Ken Lanteigne
> Board President, Columbus Bike Co-op
>
> ____________________________________
>
> The ThinkTank mailing List
> <a href="
> http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
> from this list</a>
>
>
>
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Message: 6
Date: Sat, 9 Aug 2014 13:05:22 -0700
From: Sam Lorrimer <sam@aroadbike4u.com>
To: The Think Tank <thethinktank@lists.bikecollectives.org>
Subject: Re: [TheThinkTank] Survey on starting and sustaining a bike
        co-op
Message-ID:
        <CAC6CRK2BZ8ztZJAH=OZvdTr2CdzRQ-xYiJxJZUDDgMR1Yyx-Fg@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

Please share your results when they are in!


On Fri, Aug 8, 2014 at 12:07 PM, Ken Lanteigne <k.lanteigne@gmail.com>
wrote:

> At the Columbus (Indiana) bike co-op, much of our volunteer base comes
> from a local corporation with facilities in sister cities around the
> world.  We're interesting in using that volunteer base to help launch
> co-ops in those cities where a co-op doesn't exist.  Information on
> bikecollectives is really helpful and we will definitely point people
> there.  We have some specific questions about what has been successful, so
> we've put together a Google survey.  If you have been involved with
> starting up a co-op, we'd love to have your input.
>
>
> https://docs.google.com/forms/d/1HN6qTormomHWw7kkS8smd_HvO_LMMgsugV-8vNtxE_g/viewform?c=0&w=1&usp=mail_form_link
>
> Thanks
> Ken Lanteigne
> Board President, Columbus Bike Co-op
>
> ____________________________________
>
> The ThinkTank mailing List
> <a href="
> http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe
> from this list</a>
>
>
>
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Subject: Digest Footer

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End of Thethinktank Digest, Vol 96, Issue 5
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