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Frequently Asked Questions
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Are there any other programs like Jewels for Charity?
What is Jewels for Charity?
What is the Kazanjian Foundation?
How do I qualify for Jewels for Charity?
How do I know if my charity qualifies for the Jewels for Charity program?
What is the donation process?
How do I get my jewelry appraised?
Can you help me sell the jewelry and keep some of the proceeds while helping my charity with the balance?
What appraiser should I contact?
I have jewelry to donate. What do I do next?
Do I have to wait for the year that my donated jewelry to sell before I take a tax deduction?
If 100% of the proceeds from my donated jewelry goes to charity, how does your foundation cover the overhead for this program?
Can you provide a list of references?
I am a jeweler. How can I host the Kazanjian museum exhibition and assist my favorite charity?
How does the jewelry store or gallery benefit?
How are funds raised at these venues?
What is the Jewels for Charity Collection Tour?
Can you help me sell my jewelry, keep some of the proceeds, and donate the rest to my charity?
Do I have to wait for my donated jewelry to sell before I take a tax deduction?
If I think my jewelry is less than $10,000, may I still donate it to help my charity?
Are there any other programs like Jewels for Charity?
Jewels for Charity is the only known program in the world that provides individuals with an opportunity to donate the proceeds of the sale of their fine jewelry to the charity of their choice, and receive a liquid asset and beneficial deduction.
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What is Jewels for Charity?
Jewels for Charity is a program that provides you with an opportunity to donate fine jewelry to the Kazanjian Foundation for sale. The proceeds from the sale of that jewelry are then donated to the charity of your choice. Additionally, you receive a generous tax deduction.
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What is the Kazanjian Foundation?
The Kazanjian Foundation is a 501(c)(3) non-profit organization, established in 1957 to support scientific, artistic, cultural and other worthy causes. The Beverly Hills based Foundation emphasizes programs for disadvantaged and underprivileged youth and provides scholarships for promising inner-city youths.
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How do I qualify for Jewels for Charity?
To qualify, donated jewelry needs to be worth over $10,000 per item. Preferred items are those dated before 1970, Art Deco, vintage and exclusive items.
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How do I know if my charity qualifies for the Jewels for Charity program?
To qualify for the "Jewels for Charity" program, a charity must be 501C (3) nonprofit, tax exempt and domiciled in the United States.
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What is the donation process?
Simply call us at 310.278.0811 for forms and procedures. We will help you find an independent appraiser, and advise you how to safely ship your jewelry.
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How do I get my jewelry appraised?
For items under $10,000 Kazanjian Bros. will appraise the jewelry at no cost, prior to donation and sale. Items valued at $10,000 or more require an independent appraisal.
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Can you help me sell the jewelry and keep some of the proceeds while helping my charity with the balance?
Yes, we offer a number of programs to help generate funds for you and your charity.
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What appraiser should I contact?
You will need an independent professional specifically qualified to appraise
Jewelry, preferably someone with IRS experience. We can assist you in locating a professional jewelry appraiser in your area.
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I have jewelry to donate. What do I do next?
Please call us at 310-278-0811 for forms and procedures. We can help you find an independent appraiser and advise you how to ship your jewelry safely.
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Do I have to wait for the year that my donated jewelry to sell before I take a tax deduction?
IRS provisions allow for the deduction the year that you make your donation.
But, as in all tax-related questions, we urge you to contact your own tax professional, accountant, or attorney for guidance in your own personal situation.
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If 100% of the proceeds from my donated jewelry goes to charity, how does your foundation cover the overhead for this program?
The Kazanjian family underwrites the expenses of Jewels for Charity and shares their expertise and that of their staff to provide professional support for the care of the jewelry entrusted to the program.
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Can you provide a list of references?
Our office will provide you with a list of organizations and individuals who have used the Jewqels for Charity program successfully.
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I am a jeweler. How can I host the Kazanjian museum exhibition and assist my favorite charity?
Please contact the Kazanjian Foundation at our Beverly Hills office (310-278-0811).
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How does the jewelry store or gallery benefit?
The venue directs 30 percent of net proceeds to a local charity of its choice, while the remaining 70 percent goes to each individual donors charity.
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How are funds raised at these venues?
In exchange for the opportunity to host the Jewels for Charity Museum Collection, the venues are asked to sell donated jewelry at full market value. 70 percent of the funds then go to the donors charity of choice, while the donor receives the tax benefit.
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What is the Jewels for Charity Collection Tour?
The Jewels for Charity Collection tours prized jewelry formerly owned by Hollywood celebrities including Bing Crosby, Clark Gable, Eva Gabor, Howard Hughes, Madonna, as well as famous notables such as the Shah of Iran, among others. The Collection is hosted by fine jewelry stores, galleries and museums worldwide. It encourages patrons and visitors to view the collection, learn about the Jewels for Charity program, and donate jewelry to benefit the charity of their choice.
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Can you help me sell my jewelry, keep some of the proceeds, and donate the rest to my charity?
Yes, we offer a number of programs to help generate funds for you and your charity.
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Do I have to wait for my donated jewelry to sell before I take a tax deduction?
The IRS provisions allow for the deduction the year that you make your donation. But as in all tax related questions, we urge you to contact your own tax professional, accountant or attorney for guidance.
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If I think my jewelry is less than $10,000, may I still donate it to help my charity?
Certainly. In such cases, we can appraise your jewelry for you at no cost and help your charity strategize on how they can maximize their return. If the charity sells your item, the proceeds will go directly to that charity, and you receive a tax write off.
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