This exquisite Watercolor and Caran d’Ache painting on Rives BFK was created by Barb Wheeler. In addition to being an All American swimmer for Tamalpais Aquatic Masters, she is an even more talented painter. Barb painted this piece in 2007. It is framed and is 32” x 42”. Beautiful.
Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid. For example, a charity may publish a catalog, given to each person who attends an auction, providing a good faith estimate of items that will be available for bidding. Assuming the donor has no reason to doubt the accuracy of the published estimate, if he or she pays more than the published value, the difference between the amount paid and the published value may constitute a charitable contribution deduction.
Thank you for your support!