Appraisals for Charitable Contributions of Personal Property

September 19, 2024 at 10:00 a.m.

Please join the Nonprofit Organizations Committee for a program on the topic: Appraisals for Charitable Contributions of Personal Property, to be presented by Jennifer M. Wood. Topics covered will include:

• IRS requirements for a qualified appraisal
• Understanding appraiser qualification criteria
• Case studies of problematic appraisals
• IRS penalties for incorrect valuations
• Unrelated use of donated property

Jennifer Wood is an Accredited Senior Appraiser of the American Society of Appraisers.   She received a Master’s degree in Art History from the University of Southern California and a Bachelor’s degree in Art History from Lake Forest College. She has worked as a personal property appraiser since 2003.  Prior to her appraisal career, Jennifer worked at the Getty in Los Angeles for ten years where she served as an assistant editor and archivist for The Getty Provenance Index, The Collectors Files of the Getty Research Institute, The Getty Thesaurus of Geographic Names, and The Union List of Artist Names.  She is the author of publications on appraisal research and contemporary art.

*This program has been approved for 1 hour of MCLE credit by the California Community Foundation.  The California Lawyers Association is not the provider of this MCLE credit. 

Following the presentation, the Nonprofit Organizations Committee will continue our regular meeting with announcements, updates, and discussion topics of interest to nonprofit organization attorneys.

Join Zoom Meeting:
https://us02web.zoom.us/j/82815771983

Meeting ID: 828 1577 1983
Passcode: 543789

We will have BOTH audio and video on Zoom for this meeting.   If you prefer to get audio by phone, call 1 669-900 6833, and enter the meeting ID above.  For phone instructions for Zoom, see https://support.zoom.us/hc/en-us/articles/201362663-Joining-a-meeting-by-phone.  Written materials are being sent separately.

For more information about the Nonprofit Organizations Committee and its programs, please contact Committee Chair Louis E. Michelson (louis@lemtax.com).

Know someone who would like to receive our E-bulletins?  Anyone interested may sign up on the website of the California Lawyers Association.  https://pu176.infusionsoft.app/app/form/business-web-form. 

Become an official member of the Nonprofit Organizations Committee!  The CLA Business Law Section is accepting applications on line at https://calawyers.org/business-law/business-law-section-standing-committee-application/.  Applicants must be Business Law Section members who have been admitted to the California Bar for at least five years. 

This e-bulletin was written by Louis E. Michelson, Chair.

Upcoming meeting dates: 

• Wednesday, October 16, 2024, Differences in Organizational Structures of Religious Organizations, Lisa A. Runquist
• November 21, 2024, Charitable Pledges—Are They, Should They Be Enforceable and Other Considerations for Gift Agreements, Reynolds T. Cafferata
• December 19, 2024 TBA
• January 19, 2025, “Lobbying” is Not a Four-letter Word: Identifying and Dispelling Clients’ (Incorrect) Assumptions about Nonprofit Advocacy, Sara Matlin
• February 20, 2025, TBA