If you’re a nerd over 30, chances are you have a ton of stuff you just don’t have any use for anymore, but you don’t know how to get rid of it. I was in that situation for a while. I had over 4000 comics and I didn’t know what to do with them! I thought about selling them on Craigslist or EBay, but there is lot of time and effort that goes into that, and for very little reward. If I sell it to a store it would be quick, but they will only give me about a nickel per issue. In the end, I figured I’d donate the comics and use it as a tax deduction. Which is how I found the Giving Center. While I got nothing up front at the time, I made the donation, it definitely just helped with my tax refund. It was also fairly quick and painless. Read on to see my experience in donating comics. And for more information on how you can donate your comic books, or any other collectibles you may have, reach out to them! They can be found here: http://www.collectibleswithcauses.org or you can give them a call at 888-228-7320.
Donating your books probably won’t get you as much as it would if you took the time to sell them individually, but the actual hassle of keeping and selling the comics can be a giant pain in the butt! How long will it take to get rid of random issues of Power Pack, from the 80’s? If you are selling hot issues of comics then they will probably go quicker, but for issues of things no one cares about anymore, it will probably take years!
Selling them yourself can definitely get you more than a nickel a book, so it beats selling it to a comic store. A comic book store is going to take the chance of your random crap not selling. They usually have back rooms filled with yesteryear’s crap that no one wants anymore, but one day that forgotten gem might become hot again, like Guardians of The Galaxy. If a new movie comes out that features the characters from an old dead series, then the store can make a good profit from something they paid just a nickel for. But for the store, its a waiting game, while you want to get rid of your junk now.
When you donate your comics there is one downside. You won’t receive any kind of monetary compensation. However, by donating comics, you can net yourself a pretty good tax deduction based off the fair market value! Your comics won’t net you as much as if you tried to sell them individually, but they will definitely get you more than a nickel a book from a comic store. The best thing is, you don’t have to do any work! If you’re looking to donate your comic books to charity, Giving Center will provide you with a tax deduction, donation receipt, and the tax form 8283 for your CPA come tax time.
The other tricky part about donating your comics is finding a place to do it. Who wants to take the time, gas, and effort to haul them all over town? With the Giving Center, all you have to do is fill out their online donor form, give them your contact details, and then they reach out to you! They’ll even provide you with free pickup, and a tax receipt. This can save you a bunch of time! If you’re really interested in making a difference in the lives of the less fortunate, I recommend checking out the Giving Center or their funding project: Collectibles with Causes.
After you donate the comics, however you choose to donate them, you will wind up with a receipt that you can use for tax purposes. The receipt won’t have an amount of what your comics were worth. You only receive a receipt that will tell you what you donated. My receipt says I donated 4100 comics, 200 soft trade paperbacks, and 30 hard covers. It’s up to me to determine the value of what was donated. A good rule of thumb is about $1 a book, but if you wanted to claim more that’s up to you. Just don’t go crazy with it or you might get a call from the IRS.
Aside from the literal heavy lifting you have to do with your long boxes, donating your comics is really easy. It’s also rewarding, both financially, and mentally. Knowing that your comics will help out an organization and also go to someone who will appreciate them more is a really good feeling. For more information on how you can donate comic books today, visit http://www.givingcenter.org or give them a call at 888-228-7320 for a live representative.