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Charitable Bargain Sale

  • 1.  Charitable Bargain Sale

    Posted 7 days ago
    Does anyone have any guidance on how you would record (in your CRM) and acknowledge a charitable bargain sale? This is a first for me and I can't find any precedent in my organizations files.

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    Claudia Sauers
    Director of Development Operations
    Asbury Foundation
    csauers@asbury.org
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  • 2.  RE: Charitable Bargain Sale

    Posted 7 days ago
    These are gifts-in-kind.  In your CRM you would record a value or amount of the discount and state what the purchase was for.  Your receipt would only describe the bargain sale:  Thank you for your charitable bargain sale discount of 20% on a 2021 Toshiba Visart 1.5T MRI System.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987