D5. Our charity received a gift in kind worth more than $1,000. Do higher-priced items have to be appraised by more than one appraiser?

D5. Our charity received a gift in kind worth more than $1,000. Do higher-priced items have to be appraised by more than one appraiser?


Short answer

No. Your charity, however, must be satisfied that the appraised amount accurately reflects the fair market value of the item.