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Hi, Joe,

Good question.

ARSC is a non-profit.  For items donated to the silent auction, the usual
rules apply.  

It cannot be self-created.  ARSC would have to use it for its chartered
purpose- education- which is NOT fund raising- or retain it for a three year
holding period, after which that rule no longer applies.  I doubt ARSC would
do that, so the practical answer probably is that, given the way the silent
auction operates,  

it is not tax deductible.

I'm taking the liberty of posting this to the ARSC list.

Steve

   

-----Original Message-----
From: Association for Recorded Sound Discussion List
[mailto:[log in to unmask]] On Behalf Of [log in to unmask]
Sent: Thursday, April 26, 2012 2:07 PM
To: [log in to unmask]
Subject: Re: [ARSCLIST] Please Donate to the Silent Auction

Brenda,

Here is a question that you may be able to answer for me, superficially at
least. It is a tax question, and I understand that you are not a tax wizard,
but you may have some inkling of an answer.

If someone donates a record to the ARSC silent auction, is the realized
price of the item possibly income tax deductible, assuming the prerequisite
conditions of such are met?

joe salerno


On 4/26/2012 9:52 AM, Nelson-Strauss, Brenda wrote:
> Please consider making a donation to the ARSC Silent Auction, even if you
are not able to attend the conference.  Not only do conference attendees
eagerly anticipate this annual event, but it is a major fundraiser for ARSC
and helps to support the conference.  Mailing instructions can be found on
the conference website at http://www.arsc-audio.org/conference/auction.html
Vendors are also encouraged to participate. Books, CDs, vintage 78 rpm&  LP
records, music, memorabilia, audio products and services, and related items
are all welcome.
>
> If you mail donations within the next week they can be sent via Media
Mail.  And of course if you're attending the conference, you can deliver
your donations to the registration desk.
>
> Thank you for supporting ARSC !
>
>
> Brenda Nelson-Strauss
> ARSC Conference Manager
> [log in to unmask]
>

--
Joe Salerno