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A school auction fundraiser benefiting SS Peter & Paul Catholic School Collinsville, IL. This is the school's largest and most important fundraiser. See more...
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How to fill out auction record of donation

How to fill out an auction record of donation:
01
Start by entering the date of the donation. This is important for keeping track of when the donation was made.
02
Write down the name and contact information of the donor. It's essential to have accurate details to reach out to the donor if needed.
03
Include a description of the donated item or items. Provide as much information as possible, such as the brand, model, condition, and any unique features.
04
Assign a value to each donated item. This can be based on fair market value or an appraisal, depending on the organization's guidelines.
05
Indicate whether the donation was made in cash, check, or other forms of payment. If it was a non-monetary donation, specify the type of item given.
06
Note if the donor wishes to remain anonymous or if they consent to being publicly acknowledged for their contribution.
07
Sign and date the auction record of donation. This confirms that the information provided is accurate and verified.
Who needs an auction record of donation:
01
Charitable organizations: Non-profit organizations that hold auctions or fundraisers rely on auction records of donation. These records help them keep track of donations, assess their value, and properly thank the donors.
02
Donors: Individuals or companies who make donations may want an auction record for their own records or for tax purposes. It serves as proof of their contribution, which can be deducted from their taxable income.
03
Auditors: Auditors may require auction records of donation when examining the financial statements of charitable organizations. These records provide evidence of the organization's income and the valuation of donated items.
In summary, filling out an auction record of donation involves recording the date, details of the donation, assigning a value, and obtaining the necessary signatures. This document is essential for charitable organizations, donors, and auditors alike.
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What is auction record of donation?
Auction record of donation is a document that records the details of items donated to an auction event.
Who is required to file auction record of donation?
The organization or individual who donated the items to the auction event is required to file the auction record of donation.
How to fill out auction record of donation?
You can fill out the auction record of donation by providing details such as donor information, description of items donated, estimated value, date of donation, and signature of the individual filing the record.
What is the purpose of auction record of donation?
The purpose of auction record of donation is to track and document the donation of items for auction events, as well as to provide transparency and accountability.
What information must be reported on auction record of donation?
The auction record of donation must include donor information, description of items donated, estimated value, date of donation, and signature of the individual filing the record.
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