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Commonly Asked Questions about List fundrai auction Donation Forms

Accounting For contributed goods, when auction items are received, record them to an asset account and as an in-kind contribution at their fair market value. After the auction, record the value above or below FMV as contribution income, remove the asset and record the cash.
Below the letterhead and personalized greeting of your silent auction donation request, hook the donor by telling a true story about your nonprofits work. Storytelling demonstrates your organizations past impact in a way that engages donors emotionally and inspires them to support you in your upcoming efforts.
How to write a winning silent auction donation request A compelling story hook. A concise description of your organizations work and silent auction event. A clear, specific ask of the business. Relevant contact information for your organization.
Use an effective procurement letter that is to the point when asking for donations. Procurement letters are those that are sent out when you need items or services, not direct monetary contributions; youll send different letters when youre looking for fundraising event auction items.
Items like food, coffee, beer or wine, ceramics, candles, and certificates for the services of local artisans could all be great silent auction item ideas for your basket. Plus, corporate philanthropy reflects positively on small local businesses, who will be eager to get involved and donate items!
How Do You Solicit Items for a Silent Auction? Before gathering items for your silent auction, make a list of some of the goods, services, and experiences youd most like to offer. For each item, note the people and businesses you could contact for potential in-kind donations.
The general rule of thumb for silent auctions is to make the bid increment 10% of the fair market value or $5whichever is greater. If youve set the starting bid at 30%, you can docHub 70% in as few as four additional bids.
Our Favorite Silent Auction Item Ideas Museum tickets. Concert Tickets. Theme Park Tickets. Artwork. Airbnb or Hotel stays. Travel Vouchers. Movie Theatre Rental. Fine dining experience.