Yes, fiscally sponsored projects can host auctions. Here are a few things to keep in mind:
- Donors contributing items to an auction may qualify for a charitable tax deduction
- Conversely, auction bidders often do not qualify for a charitable tax deduction for purchasing items at an auction, as the value of the item may be greater than the amount bid
- Items purchased at an auction may be subject to sales tax
- If you are considering holding an auction, please contact the programs team to discuss how to most effectively structure the event and how to communicate appropriately with both donors and bidders
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