When we did these, we deducted the cost to make the sign “Reserved for Mr.
and Mrs. Smith” which was about $35. Given the spaces went for $1,000+ the
donors didnt mind.
On Thu, Feb 7, 2019 at 10:56 AM Jennifer Domaszewicz <
jdomaszewicz@fsmail.bradley.edu> wrote:
> We have a silent auction for 12 parking spaces near the front entrance to
> the hospital. Invitation to bid for use of one parking space for a year is
> by email to employees. We do not charge for parking spaces so we cannot
> establish a fair market value. Are the donations for the silent auction
> considered 100% charitable donations?
> (Asking for a colleague.)
>
> --
Siobhan Lidington
Director of Annual and Individual Giving
Albertus Magnus College
700 Prospect St
New Haven, CT 06511
sllidington@albertus.edu
w. (203)773-8519