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AUCTION DONATION AGREEMENT Thank you for supporting the 21st Annual St. Mary's Auction and Awards Gala by donating item’s) and×or services. Please complete this form and return by January 15, 2014,

How to fill out auction donation agreement

How to Fill Out an Auction Donation Agreement:

1. Start by entering the date: Write down the current date at the top of the agreement form. This ensures that everyone is aware of the timeline.
2. Provide the donor's information: Include the name, address, phone number, and email of the person or organization making the donation. This information helps in maintaining contact and acknowledging the contribution.
3. Describe the donated item or service: Clearly state what is being donated, whether it is a physical item or a service. Include a detailed description to avoid any confusion.
4. Assess the value of the donation: Determine the fair market value of the donated item or service. This assists in determining its potential impact on the auction and allows for accurate reporting.
5. Specify any restrictions or limitations: If there are any specific conditions or limitations associated with the donation, such as expiration dates or geographical constraints, make sure to include them in the agreement.
6. Indicate whether a tax receipt is requested: If the donor wishes to receive a tax receipt for their contribution, make note of it. Specify the donor's tax identification number (if applicable) for proper documentation.
7. Provide the auction event details: Include information about the auction event, such as the date, time, and location. This ensures that both parties are aware of the circumstances under which the donated item or service will be presented.
8. Obtain signatures: Once all the necessary details are filled out, ask both parties (the donor and the organization hosting the auction) to sign and date the agreement. This signifies their acceptance and understanding of the terms outlined.

Who Needs an Auction Donation Agreement?

1. Nonprofit organizations hosting auctions: Charities, schools, and other nonprofits often organize auctions as fundraising events. They need a donation agreement to establish clear terms and protect the rights of both the organization and the donor.
2. Donors contributing items or services: Individuals, businesses, or organizations that wish to make a donation to an auction event should have a donation agreement. This ensures that their generosity is acknowledged, the terms of the donation are agreed upon, and any special considerations are addressed.

By following these steps, both the organization and the donor can confidently fill out an auction donation agreement and ensure a successful and mutually beneficial auction event.

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What is auction donation agreement?

An auction donation agreement is a legal contract between a donor and an organization hosting an auction, outlining the donation terms and conditions.

Who is required to file auction donation agreement?

The donor who is making a donation to an auction is required to file the auction donation agreement.

How to fill out auction donation agreement?

The auction donation agreement can be filled out by providing the necessary information about the donor, the donated item, and the terms of the donation.

What is the purpose of auction donation agreement?

The purpose of the auction donation agreement is to establish the terms of the donation, clarify any expectations, and provide a legal basis for the transaction.

What information must be reported on auction donation agreement?

The auction donation agreement must include information about the donor, the donated item, the estimated value of the item, and any conditions or restrictions attached to the donation.