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Determining the Value of a Craft Materials Donated to Charity

What is the value of yarn to be donated to a charity? I have a large box filled with yarn for donation, as well as, patterns, knitting needles, and latch and crochet hooks. The yarn varies, some wool, some nylon, etc. and varies in color, but most is enough to make something.

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By A Cohen

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July 27, 20110 found this helpful
Best Answer

When I used to donate things if I wanted a receipt for tax purposes, I was told to estimate what you think the items are worth, you do a lump sum, not for each item.

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July 28, 20110 found this helpful
Best Answer

Guesstimate the weight of the yarn (by types), the number of knitting needles, latch hooks, and crochet hooks (by size), then do a search on the Internet for comparable values of these items. Those figures will give you a good idea about the value of your donations.

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