There are so many items that people don’t realize they can donate. The fact is, you can donate your old jewelry on top of your clothes and home goods. Donating jewelry is the perfect way to give sentimental pieces a new life while helping those in need throughout the process. In this article, we’ll share a few of the top tips for donating old jewelry so you can clean out your jewelry box.
Donate To the Right Places
First and foremost, you’ll want to make sure you’re donating to a reputable charity. Donating to GreenDrop means that your jewelry will be monetized to benefit real charities. Donating your old jewelry to GreenDrop on behalf of the American Red Cross directly benefits the American Red Cross.
Know What is Real and What isn’t
Not every piece of jewelry needs to be real to be useful, but it is good information to have for when you’re going to donate them. A real, rare gemstone in a ring or necklace could be worth far more and therefore make a bigger donation—as long as you can prove it is real. Getting the jewelry appraised before bringing it in is a good idea so you know exactly what you’re donating.
Keep Detailed Records
For tax purposes, you’re going to want to have a detailed list of every piece of jewelry you’ve donated over the last year. This can significantly affect how much you can report as charitable donations on your taxes. Just because you’re donating out of the kindness of your heart doesn’t mean you shouldn’t be afforded all the benefits of your donation.
Give Your Jewelry a Time Limit
For those with a lot of jewelry, it can be difficult to let go of it even for the purposes of a donation. One of the top tips for donating old jewelry is to think about the last time you wore the piece and then decide if that was long enough ago that you feel comfortable giving it up. Give yourself a limit of six months or so; if you haven’t worn a piece of jewelry in over six months, then you know it’s time to give it away for someone else to enjoy.
GreenDrop welcomes all jewelry donations, no matter how big or small. Every little bit goes a long way to helping our charitable partners accomplish important work. The next time you think it’s time to clean out the jewelry box, keep GreenDrop and our charity partners in mind as your donation recipient.