KLR Is Your Nonprofit Hosting an Auction? Heres What You Need to

Your guests will understand that you need to cover your expenses and pay for things like catering and entertainment. You can also explain that a portion of the ticket cost will be considered a donation. You want to appeal to a wide range of people, so we’ve broken the items below into four main categories that are sure to sell out. Now that you’re committed, you have a lot of planning to do to make it a success. And, as we’ve discussed, a big part of that success lies in your auction item bounty. As you embark on your auction item procurement journey, here are some helpful tips to keep in mind to gather popular items that are sure to sell.
By sticking to an organized procurement and management process from the start, you’ll set yourself up well to generate the most value possible from your final event data. Find local golf, B&B stays, wine samplings, yacht cruises, luxury vacations, glamping adventures and more for your auction, donated by generous businesses. Hobnobbing with the rich and famous is on many people’s bucket lists. Local celebrities may include politicians, public servants, or headliners at the community theater.
A chance to work with a local artist to create a one-of-a-kind collaborative art project. Incidentally, audiobooks and eBooks are both popular with readers today. If your supporters prefer consuming literature this way, maybe you can arrange for an annual subscription to Audible or get some free downloads for their Kindles. Consider offering a car emergency kit gift basket complete with jumper cables, a tool kit, flashlight, and portable phone charger. A fun and interactive experience that offers the opportunity to learn magic tricks from a professional magician. Have you ever dreamed of throwing the first pitch at a baseball game?
If the donation and sale occur in the same fiscal year, this accounting convenience results in the same net contribution income. However, if the donation occurs in a separate fiscal period from the auction, doing so would result in the omission of contribution income and inventory from the financial statements. How does Silent Auction work to online charity auctions conducted through commercial providers — such as BiddingforGood or MissionFish — is that they will collect and remit sales tax for you. A disadvantage is that they charge; for example, BiddingforGood charges a $595 annual fee and 9% of gross sales. DONATE A SILENT AUCTION ITEM
Our Silent Auction is one of the most talked about happenings at the Conference. Attendees check out the autographed sports memorabilia and scheme on how much to bid to win the gourmet chocolate and coffee gift basket and other fantastic auction items.
Offer bidders the chance to offload their workload by putting services on the auction block. You can either auction off fixed dollar amounts worth of services or a set number of hours. For example, suppose you’re raising money for a student group,  or for a charity through your employer.