Charity Auctions

Auctions 4 a Cause (charity auctions)

cMarket Fundraising Auctions (fundraising auctions)

GoBid (Canada charity auctions)

Charities are instrumental in helping numerous people, both at home and around the world overcome hunger, poverty, social injustice. Charities are always in need of raising funds for their causes and to fund their day to day operations.. Live events, community fairs and stylish galas, there are countless ways to raise money and awareness for vital causes. One the best ways for charitable organizations to raise money is auctions.

Most successful charity auctions usually have a large list of luxurious and tastefully crafted things up for bidding, Distinctive bid packages sometimes consist of travel, sports, entertainment, business, politics and fashion related items. Some notable past charitable auction items were: cooking lessons with Paula Deen in Savannah, a tour of Jay Leno’s car collection and meeting Heidi Klum at Project Runway Season Finale in New York City Many luxury packages range in estimated value from as little as $50 to well over $100,000.These items provide a high degree of recognition and visibility for bidders. With the arrival of internet and online auctions, the growth of the web has opened a brand new avenue for conducting charity auctions. Numerous charitable organizations currently provide web auctions, in addition to to their live regional events in order to open bidding up to clients through out the globe. Online auctions can be run in conjunction with a live auction, combining the winning bids online with live bids. If thousands of people globally can bid on the same items as the people at the live auction, the charity stands to reap a greater return by exposing the item to a much larger pool of bidders. In order to bid and win – all you need is a valid credit card. Winning bidders can receive their items world wide in a matter of few days.

In most cases, one can get tax benefits by purchasing items in charity auctions. To be tax deductible as a charitable contribution for federal income tax purposes, the auction item donated must be made to a qualified charitable organization as a gift. To be a gift, there must be a payment of money or transfer of property without adequate consideration. Bidders who purchase items at charity auctions are generally advised that purchasing items at a charitable auctions are tax deductible. The IRS indicates that charitable contributions deductions can be made for the excess of the worth paid by them for an item, over its market worth. At charity auctions, those who attend are given an inventory of auction goods along with market worth. If a donor pays over the market value, the difference between market value and successful bid is the charitable contribution deduction.

Charity auctions, the possibilities for fundraisng are endless.