Benefit Art Auction
Pahana
something you like, please consider making a bid in support of our
efforts to make the world a better and safer place for our kids. All
purchases are 100% tax deductible donations to our non-profit
organization.
http://members.ebay.com/aboutme/worldpeaceday
If you can, feel free to pass this information along to anyone you think
may be interested. To learn more about our ongoing efforts to spread
peace around the world, please visit http://worldpeaceday.com - thanks!
Marse
I have a question about this: if the product I'm purchasing was donated
(the donator deducts the value) then the charity sells it (and I claim the
deduction) does that violate some sort of IRS double deduction rule? If the
item was purchased at a nominal price then the charity resells it for a
profit... well, how is that a contribution/donation? I would understand if
you say, "... all proceeds go to charity... " but then I'd want to see the
overhead of the charity vs what is actually sent out to people. Don't get
me wrong... I'm all for charity and contribute to 3 of them but that's
because I know where my money goes and what percentage is used for
administrative costs. I looked all over their site and found nothing about
cost or where the money is used or who it's given to... with the exception
of some generalized, sweeping statements about it going to the children (of
their Native American nation, I believe).
I may be a little fuzzy on the rules and such so someone please enlighten
me ;-)
Marse
LeftCoast C.C.
a donation.
--
"I am mindful not only of preserving executive powers for myself, but for
predecessors as well." -- Your president, -Washington, D.C., Jan. 29, 2001
"Marse" <marse_no...@flash.net> wrote in message
news:3ABF83B4...@flash.net...
Kimberly C
LeftCoast C.C. <left...@my-deja.com> wrote in message
news:3RMv6.1035$Di2.1...@paloalto-snr1.gtei.net...
> That's a great question. I don't see how *purchasing* something qualifies
as
> a donation.
At the church auctions that I've attended, there is a message on the back of
your bidding paddle that states something like:
This is a charity auction, for tax purposes, your donation is considered the
amount above the fair market value of the item you purchase.
I like church auctions because they are fun. You won't get any bargains but
you have alot of laughs and met some interesting people. At one that I went
to, they auctioned out a hair bow that one of the church ladies had made. It
sold for $250 and the high bidder redonated it after paying for it. The bald
guy said that he realized that he didn't have any hair to wear it in.<g> It
was auctioned again and went for $375.
I bought an ugly painting for $83. I gave it to my aunt for her birthday
since it came from her church anyway and I sure the heck wasn't going to
hang it on my wall.<g>
Kimberly
Marse
> LeftCoast C.C. <left...@my-deja.com> wrote in message
> news:3RMv6.1035$Di2.1...@paloalto-snr1.gtei.net...
> > That's a great question. I don't see how *purchasing* something qualifies
> as
> > a donation.
>
> At the church auctions that I've attended, there is a message on the back of
> your bidding paddle that states something like:
> This is a charity auction, for tax purposes, your donation is considered the
> amount above the fair market value of the item you purchase.
> I like church auctions because they are fun. You won't get any bargains but
> you have alot of laughs and met some interesting people. At one that I went
> to, they auctioned out a hair bow that one of the church ladies had made. It
> sold for $250 and the high bidder redonated it after paying for it. The bald
> guy said that he realized that he didn't have any hair to wear it in.<g> It
> was auctioned again and went for $375.
> I bought an ugly painting for $83. I gave it to my aunt for her birthday
> since it came from her church anyway and I sure the heck wasn't going to
> hang it on my wall.<g>
> Kimberly
>
<snip>
That does sound like fun... and for a good cause. May be I'll have to check one
out soon.
If you're in the mood to spend some money you could get a "Bethlehem Life Tree
From Tanzania" for the bargain price of $8500 from these guys... ;-)
Marse
Kimberly C
> <snip>
>
> That does sound like fun... and for a good cause. May be I'll have to
check one
> out soon.
>
> If you're in the mood to spend some money you could get a "Bethlehem Life
Tree
> From Tanzania" for the bargain price of $8500 from these guys... ;-)
I'd rather have some Tanzanite instead.<g>
Kimberly
>
> Marse
>