An Administrator's Guide to California Private School Law Compendium

C HAPTER 19 – F UNDRAISING D OCUMENT 19.A

S AMPLE A UCTION R ECEIPT A ND D ISCLOSURE L ETTER

Dear Mr./Ms. [Purchaser of Auction Item]: Thank you for your purchase of the [name of auction item purchased] at this year’s [name of auction.] We appreciate, as always, your support at this important event. As you know, the [name of auction item purchased]’s fair market value, listed in the auction catalogue, was [dollar amount of fair market value]. The amount of the payment that is deductible for federal income tax purposes is limited to the excess of the auction item’s purchase price [dollar amount the purchaser paid for the auction item], over its fair market value [dollar amount of fair market value], which totals [dollar amount the purchaser paid for the auction item - dollar amount of fair market value].

Best Wishes, [Name of School Representative]

An Administrator’s Guide to California Private School Law - Compendium ©2019 Liebert Cassidy Whitmore 257