Here are some guidelines around silent auctions and representation at your events.
Silent auction items should each be valued at the fair market value. This value must be listed on the bid sheet at the auction table or included in any printed list of auction items, including live auction item descriptions.
- Items valued at $5,000 or more require an appraisal by a qualified appraiser, per IRS guidelines.
- If an item is not valued, or is valued as priceless, the final auction bid establishes the item’s fair market value, therefore no portion is tax deductible. Autographed items are deemed priceless.
- Fair market value of the item must be disclosed in order to provide gift credit. The charitable portion is that above the fair market value.
- Due to the large number of requests, the OSUCCC – James will not provide items for silent auction.
Speaker/event representation requests can be submitted by completing a Speaker Request Form. Requests must be received eight weeks prior to the event using the request form. A speaker request submission does not guarantee that a speaker/representative will be provided.
The OSUCCC – James is unable to provide event volunteers or staffing for community events. For events/initiatives with a commitment of $250,000 or more, please see Levels of Support for detailed benefits.
The OSUCCC – James staff, including development and marketing staff, will be committed to assisting event/initiative organizers who have raised $250,000 individually or $500,000 cumulatively. Please see Levels of Support for additional information. Additionally, you can request indoor or outdoor OSUCCC – James banners for your event using the banner request form.
The OSUCCC – James is unable to provide “celebrities” (internal or external to the OSUCCC – James or The Ohio State University) for promotional purposes.
For more information, please call the development office at 614-293-4927 or email us at CommunityPartnerEvents@osumc.edu.