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  • 1.  Booking Auction Items

    Posted yesterday
    Hello,

    I am new to supporting charitable auctions and would like to learn how other organizations book the auction items we receive as a donation to be auctioned off.

    Is my understanding correct that we can't receipt or acknowledge gifts of services or use of facilities (e.g. use of a suite at a baseball stadium) as charitable donations because they are not tax deductible?

    Are there any donated items that can be booked as charitable donations? Is this done as a gift-in-kind? 

    Best,
    Lisa
     
    Lisa Howley
    Executive Director, Administration & Operations
    Long Beach Medical Center Foundation
    Miller Children's and Women's Hospital Foundation
    Mobile: 562-972-7304


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  • 2.  RE: Booking Auction Items

    Posted yesterday
    You are correct. Services and partial-interest donations are not deductible gifts under IRS Publication 526. If you follow CASE rules, they cannot be counted in fundraising totals. And GAAP won't permit booking them as assets, although some contributed professional services can. Your CFO will know.

    However, some organizations do use soft credit to recognize donors for some of these contributions. However, you can never issue a receipt for them.

    As for other auction donations, many can be recorded as property gifts and receipted (without reflecting a value). I prefer to hold off, though, until after the auction, just in case some items do not sell and are returned to the donor.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: Booking Auction Items

    Posted 3 hours ago

    Thank  you, this is really helpful!

     

    Lisa Howley

    Executive Director, Administration & Operations

    Long Beach Medical Center Foundation

    Miller Children's and Women's Hospital Foundation

    lhowley@memorialcare.org

    Mobile: 562-972-7304

     

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