FundSvcs Community

Hi all,

I am recently new to supporting institutions in the State of California.  There is going to be a silent auction at an alumni event.  I do not know all the specific legalities in California but learning lots.  I was told that the institution will need to register for a seller's permit through the California State Board of Equalization, and the proceeds from the auction will be subject to sales tax.  Is anyone familiar with this?

In addition, we use Raisers Edge.  Curious as to how others are recording this in Raisers Edge.  Are you entering the gift amount as the purchase price and the receipt amount is only the tax-deductible piece (using separate funds, campaigns, and appeals to separate out the purchase prices versus receipt amount)  Or are organizations only entering a gift for the donors that purchased an auction item above the value of the auction item which is the true gift amount? 

Much appreciated for the insight on both of these questions.

Thanks,

Hi all,

I am recently new to supporting institutions in the State of California.  There is going to be a silent auction at an alumni event.  I do not know all the specific legalities in California but learning lots.  I was told that the institution will need to register for a seller's permit through the California State Board of Equalization, and the proceeds from the auction will be subject to sales tax.  Is anyone familiar with this?

In addition, we use Raisers Edge.  Curious as to how others are recording this in Raisers Edge.  Are you entering the gift amount as the purchase price and the receipt amount is only the tax-deductible piece (using separate funds, campaigns, and appeals to separate out the purchase prices versus receipt amount)  Or are organizations only entering a gift for the donors that purchased an auction item above the value of the auction item which is the true gift amount? 

Much appreciated for the insight on both of these questions.

Thanks,

Hi all,

I am recently new to supporting institutions in the State of California.  There is going to be a silent auction at an alumni event.  I do not know all the specific legalities in California but learning lots.  I was told that the institution will need to register for a seller's permit through the California State Board of Equalization, and the proceeds from the auction will be subject to sales tax.  Is anyone familiar with this?

In addition, we use Raisers Edge.  Curious as to how others are recording this in Raisers Edge.  Are you entering the gift amount as the purchase price and the receipt amount is only the tax-deductible piece (using separate funds, campaigns, and appeals to separate out the purchase prices versus receipt amount)  Or are organizations only entering a gift for the donors that purchased an auction item above the value of the auction item which is the true gift amount? 

Much appreciated for the insight on both of these questions.

Thanks,

Hi all,

I am recently new to supporting institutions in the State of California.  There is going to be a silent auction at an alumni event.  I do not know all the specific legalities in California but learning lots.  I was told that the institution will need to register for a seller's permit through the California State Board of Equalization, and the proceeds from the auction will be subject to sales tax.  Is anyone familiar with this?

In addition, we use Raisers Edge.  Curious as to how others are recording this in Raisers Edge.  Are you entering the gift amount as the purchase price and the receipt amount is only the tax-deductible piece (using separate funds, campaigns, and appeals to separate out the purchase prices versus receipt amount)  Or are organizations only entering a gift for the donors that purchased an auction item above the value of the auction item which is the true gift amount? 

Much appreciated for the insight on both of these questions.

Thanks,