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I would say that frequent flyer miles are a valuable asset. I know that I pay taxes on the value of a trip that I take using them. So, I would say that making a charitable contribution of them would be deductible to the same extent any other asset is. Some airlines restrict the transfer of these miles so check with them first. I believe that there are several organizations that utilize these miles for medical flights or flights for dying children. A web search might find them. A look at the appropriate airlines website may reveal a link.

I would value them by determining the ticket that can be purchased. It is easy for me I just find the cost of a ticket to my destination. If you can get a ticket anywhere in the continental US for thirty thousand miles. An airline website would them be consulted for the cost of a ticket that would be either the most expensive or the most enjoyable or most visited.

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