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Chicago Illinois Form Instructions 8283: What You Should Know
If the directors were not contributors, the donor must furnish a copy of the Form 8283 to the person who filed Form 8802 (Form 8802 — Part B — Schedule C) from the partnership or corporation and to any other persons who were participants in the partnership or corporation, whether by proxy or otherwise. The donor must also furnish the copy to the person in the partnership or corporation who is the real contributor. If the person in the partnership or corporation who is the real contributor was registered as an agent for the sponsor and provided a statement, the contribution will be deemed to have been made at the time the partnership or corporation filed the Schedule of Contributions or Form 8802, whichever appears to be sooner. However, if the person in the partnership or corporation who is the real contributor was not registered as an agent and provided no such statement, the contribution will be deemed to have been made when the partnership or corporation completed the Form 8802 or when the sponsor filed its Schedule of Contributions. A partnership or corporation may have more than one real contributor per partner; see 26 CFR §1.170B-2(b). A partnership or corporation may not list on the Schedule of Contributions, its contributions to a private foundation to which it contributed under the provisions of 26 U.S.C. § 103(e) after the donor's Form 8283 was filed. Instructions for Form 8283, Noncash Charitable Contributions For Part I, Line A, enter the total deductible amount. Line 10, Acknowledgments and Estimate. Write each item indicated. The following are the deductions to which this section applies: The deductible amount of a gift or bequest is 500 or more. This amount would be the amount of the gift or bequest if it were contributed to a private foundation. The following are the contributions to which this section applies: The deduction, shown for contributions made after January 1, 2010, for private foundation contributions to private foundations and their successor charities must be taken to the value of the contributions. The taxpayer could claim the value of the contributions as the deductible amount of a gift or bequest if the contribution had been made at a time when an election to use this method was made by the donor.
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