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The simplest way for a group to handle a silent auction is to allow a starting bid. If someone spent $125 making an item, they ought to be allowed to ask that the $125 be the opening bid. If no bids above that, then the item should return to the giver.
Some items I make wouldn't have a starting bid, but the angel pillow (which I bid $5 on myself and got back) had a $9 pillow form in it. And that does not count the fabric & time.
Bad Spellers of the World
U N T I E
I agree, 100%! If people want "nice things" from a fund-raising event, they should at least be willing to pay the cost of actual production.Originally Posted by GrannieAnnie
Neesie
By all means let's be open-minded, but not so open-minded that our brains drop out.
~Richard Dawkins
The person that originally asked the original poster to donate a quilt - may not have any idea of the actual cost and time involved in making one. I don't remember what size was requested - maybe it wasn't stated -
The person could say something like - it will cost me $ in dollars and so much in time - I can willingly donate $ for a sure thing for your fund-raiser - or I can make the quilt - which may or may not bring that much in at the event.
But the bottom line for everyone is - do what you want to do - or feel guilted/quilted into doing.
Draft a letter stating the value of the donated quilt. Make it very clear that this is a tax deductible donation and that you will be claiming it on your income taxes. They would need to sign off on the letter stating this. Pretty routine for donations. Im sure that you can find a generic form to use for this. Search online for one.
Sandy
Sandygirl
Janome 9900 / Janome 9700 / Janome Decor 3050 / Janome 1100D serger
Singer Centennial model (inherited from my late, fav aunt!)
A donation may or may not be tax deductible and if it is you only get to deduct the value of the materials, not your labor. It has to be an actual charitable organization of some type for it to be deductible.
And I thought you got to deduct the value of the object, which would include your labor. NO??????????
Bad Spellers of the World
U N T I E
Nope, no deductions for labor or for your time. The value of the object is what the materials cost and that's all. A church is a charitable organization but if you just give a quilt for a silent auction to a family raising money for medical bills it's not a charitable organization and you don't get to deduct it.
The IRS really tightened up the rules for charitable donations a few years ago.
Don't worry about the deduction, just donate.
(ex tax lady)
Or sell it to them. Not sure that i would just give away my $$$ . Thanks for setting me straight.
Sandy
Sandygirl
Janome 9900 / Janome 9700 / Janome Decor 3050 / Janome 1100D serger
Singer Centennial model (inherited from my late, fav aunt!)
quilts books work well too!!!
QUILTNMO
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