TAX INFO:


Dear Collector:
Thank you for your inquiry about donating to the ARIE Foundation. The ARIE Foundation is an authorized tax-exempt, non-profit organization under Section 501(c)(3) of the Internal Revenue Code (Identification No. 11-3100621), whose only purpose is to provide free hobby collectibles and materials to patients in hospitals.

No material or collectibles donated will be sold. All property donated will be given away free to hospital patients.

Your donation to the ARIE Foundation is tax-deductible based upon the fair market value of the property donated on the date of the contribution.

The fair market of the property is the price the property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither required to act, and both having reasonable knowledge of the relevant facts.

All donations to the ARIE Foundation should be accompanied by an inventory list which will be acknowledged by the ARIE Foundation. Any special items should be brought to our attention.

The donor when submitting his/her tax return must attach a filled out IRS Form 8283 for all noncash donations exceeding $500. The inventory list acknowledged by the ARIE Foundation should also be attached.

If the noncash property donated to the ARIE Foundation exceeds $5000 the donation to the ARIE Foundation must be accompanied by IRS Form 8283 with section B filled out by a qualified appraiser. The ARIE Foundation will complete the donee acknowledgment part of Form 8283 and return the form and inventory list to the donor.

The donor should obtain copies of IRS Publications, #526 "Charitable Contributions" and #561 "Determining the Value of Donated Property," and seek counsel from their tax advisor.

The ARIE Foundation is not permitted by IRS regulation to appraise any contribution. All values placed on the gift is that of the donor. We do maintain records of all donations for inspection by the Internal Revenue Service.

Acceptance of a donation by the ARIE Foundation does not constitute the ARIE Foundation's agreement with the donor's valuation. However, if any donations are accompanied by what the ARIE Foundation feels is an unreasonable excessive valuation, the entire donation, including any monetary donations, will be returned to the donor at the ARIE Foundation's expense.

The ARIE Foundation has much good to do, your generosity can help us do more! Your contributions to the ARIE Foundation will provide many hours of joy and happiness to hospital patients, and at the same time give the veteran/patient the tangible feeling that they are not forgotten. You in turn become eligible for valuable tax benefits. As our government through the tax code encourages this form of gift giving, truly this is a situation in which everyone benefits.

Send your donations insured or registered. We hope to hear from you soon!

Chet Gerstenbluth Executive Director