Disposing of a Charitable Myth: The Truth About FMV in Live & Silent Auctions

IRS Agent Saying “No, That Is a Myth” – Fair Market Value Misconception Debunked

NOTE: Before writing this blog, I consulted with our Accounting Firm and asked them to conduct extensive research into this as well as other “Charity Myths.” They reported their findings. I then asked ChatGPT to do extensive research into IRS Code and Tax

Nonprofits rely on live auctions and silent auctions to increase revenue at fundraising galas. But one of the most persistent myths in the charity world is the belief that organizations are required to list a “Fair Market Value” (FMV) for each auction item.

This misconception is widespread — and completely incorrect.

BW Unlimited Charity Fundraising, the national leader in consignment auction items, silent auction items, and charity fundraising travel packages, works with thousands of nonprofits across the country. One of the most common questions we receive is:
“Can you give us the FMV of the items we got from you?”

The answer exposes a major misunderstanding in the nonprofit sector.

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A smiling fairy in a green dress and pointed hat hovers over a silent auction table, tapping her glowing wand on a bid sheet as sparkles appear. Above her, bold text reads “FMVs DON’T MAGICALLY APPEAR,” humorously illustrating that Fair Market Values do not appear on their own during charity auctions.

The IRS Does Not Require FMV to Be Listed on Auction Items

Despite what many people believe:

• The IRS does not require a charity to list FMV for every auction item

• The IRS does not mandate printed FMV in auction catalogs or bid sheets

• The IRS does not require auction providers to supply FMV

• The IRS does not regulate auction item pricing, starting bids, or value listings

There is no rule stating that a charity must publish an FMV for each live or silent auction item.

The confusion comes from how people interpret the idea of “value” in relation to donor receipts — but that is separate from whether FMV must be listed on auction items.

For fundraising events, listing FMV is optional, and the IRS does not dictate how a nonprofit should determine it or whether it must appear on auction materials.

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Why BW Unlimited Cannot Provide FMV for Its Auction Items

BW Unlimited Charity Fundraising provides items that:

• Are not sold at retail

• Have no published retail price

• Are not available for public retail purchase

• Do not have a uniform value in different regions, events, or audiences

• Sell at drastically different prices depending on bidding competition

FMV is defined as what a willing buyer will pay a willing seller.
In a charity auction:

👉 The bidders determine that number — not the provider, not retail pricing, not BW Unlimited.

Because our items are consignment-based,
there is no fixed, standardized, or documentable FMV that we can give a charity.

This is why BW Unlimited cannot — and should not — assign a Fair Market Value to items that are not sold commercially.

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Why Our Items Use a Starting Bid Instead of FMV

BW Unlimited sets a Starting Bid equal to 20% above the nonprofit cost for each auction item.

This ensures:

• The charity is profitable from the very first bid

• There is no financial risk

• The charity can sell unlimited quantities when demand is strong

• The bidding naturally sets the “value” of the item during the event

The “value” of an auction item is not predetermined — it is determined in real time by the donors participating in the fundraiser.

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If a Charity Chooses to Estimate FMV, It Must Come From the Charity

If an organization elects to include FMV for internal documentation, acknowledgments, or its own accounting:

• The charity may make its own good-faith estimate

• The estimate is based solely on the charity’s judgment

• BW Unlimited does not and cannot assign FMV

• No IRS rule requires the charity to publish or display FMV for auction purposes

Again — listing FMV is not required for auction operations.
Any estimate provided is strictly a matter of the charity’s own internal process, not an IRS mandate.

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Why This Matters for Nonprofits

Understanding this eliminates confusion and protects charities from unnecessary stress.

Clarifying the FMV myth allows nonprofits to:

✓ Confidently use consignment auction items
✓ Avoid wasting time trying to assign a value where none exists
✓ Focus on fundraising revenue — not imaginary requirements
✓ Work more efficiently with providers like BW Unlimited
✓ Run compliant, high-revenue live and silent auctions

FMV is not the barrier many nonprofits think it is — and it should never delay or complicate auction preparation.

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BW Unlimited: America’s #1 Source for Consignment Auction Items

For nonprofits searching online for:

• charity auction items with no upfront cost

• best silent auction items for fundraising galas

• consignment auction items for nonprofits

• charity travel packages

• risk-free auction items for fundraisers

• high-profit fundraising auction items

• nonprofit auction item providers

BW Unlimited Charity Fundraising is the trusted national leader.

With zero risk, industry-leading item selection, nationwide service, and auction items proven to maximize revenue, BW Unlimited continues to dominate the world of nonprofit fundraising.

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Conclusion: FMV in Charity Auctions Is a Myth That Needs to Be Retired

Here is the truth every charity should know:

• FMV is not required to be listed on auction items

• BW Unlimited cannot provide FMV because these items have no retail price

• Auction bidding naturally determines value in real time

• Any estimate (if a charity chooses to use one) must come from the charity

• The IRS does not regulate FMV listings for auctions

The bottom line:
FMV does not play the role nonprofits think it does — and it should never interfere with successful fundraising.

To learn more or to maximize your silent or live auction revenue, visit:
👉 www.BWUnlimited.com

Introducing Our New Sports Icons Framed Jersey Collection for Fundraising Auctions

BW Unlimited Charity Fundraising is proud to announce the launch of our newest Décor & Wall Art auction item line — the Sports Icons Framed Jersey Collection. This exclusive series of custom-framed jerseys is designed to give nonprofits and charities across the country fresh, exciting, and highly desirable auction items that raise more money at fundraising events.

We’re kicking off this new line with a fan favorite: Patrick Mahomes, Kansas City Chiefs quarterback and Super Bowl champion. This incredible 3D framed jersey will be a centerpiece at any charity auction, guaranteed to capture attention and spark bidding wars.

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Why Décor & Wall Art Auction Items Work So Well for Fundraising Events

Nonprofits and charities hosting fundraising auctions are always looking for new and exciting ways to engage donors. While sports memorabilia has always been a top draw, prices for authentic autographed items from legends like Kobe Bryant, Babe Ruth, Jackie Robinson, Michael Jordan, Tom Brady, and LeBron James have skyrocketed.

That puts these items out of reach for most nonprofits — and out of budget for most donors.

Our Sports Icons Framed Jersey Collection solves this challenge by offering stunning, high-quality framed jerseys at a fraction of the cost, exclusively through BW Unlimited Charity Fundraising’s risk-free consignment auction program. This makes them an ideal choice for:

• Charity fundraising auctions

• Nonprofit gala events

• Silent auctions

• Live auctions

• School fundraisers

• Church fundraising events

• Sports-themed fundraising events

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Patrick Mahomes Kansas City Chiefs 3D Custom Framed Jersey

The first release in this line is the Patrick Mahomes Kansas City Chiefs 3D Custom Framed Jersey. Measuring 32” x 32”, this piece is designed to stand out on the auction table and on your donor’s wall at home.

Each framed jersey includes:

• ✅ A real unsigned jersey

• ✅ UV-protected plexi-glass

• ✅ 3D high-definition printed image of Patrick Mahomes

• ✅ Team logo, name, and replica autograph printed on the backside of the plexi-glass

• ✅ Kansas City Chiefs team colors in the design

• ✅ Gallery-quality framing

The result is a bold, eye-catching piece that looks and feels like a museum-quality collectible — but is available risk-free for your charity fundraising event.

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Exclusive to BW Unlimited Charity Fundraising

These Sports Icons Framed Jerseys are exclusive to BW Unlimited Charity Fundraising. You won’t find them anywhere else. Our Décor & Wall Art collection is carefully designed to give charities and nonprofits the items they need to make their fundraising auctions more successful.

And because every item is offered through our risk-free consignment program, your nonprofit has zero upfront costs. That means you only benefit when the item sells at your fundraising event.

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Why Charities Love These Auction Items

1. Affordable for donors: Unlike autographed memorabilia priced in the thousands, these framed jerseys are within reach for more supporters.

2. High demand: Sports fans and collectors alike will compete for the chance to take one home.

3. Versatile: Perfect for live auctions, silent auctions, raffles, or premium donor giveaways.

4. Nationwide shipping: Available to nonprofits anywhere in the U.S.

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Ready to Elevate Your Next Fundraiser?

If you’re looking for charity auction items that sell, the new Sports Icons Framed Jersey Collection is exactly what your nonprofit needs. Whether you’re planning a gala, silent auction, or live fundraising event, these pieces are designed to create excitement, drive up bids, and maximize your fundraising potential.

👉 Explore the full Décor & Wall Art Auction Catalog today and reserve the Patrick Mahomes framed jersey for your next event at www.BWUnlimited.com.

And we’d love to hear from you:
💬 What do you think of this new Patrick Mahomes jersey?
💬 Which sports icons would you like to see featured next?

🎯 Top 3 Mistakes Charities Make When Planning a Fundraising Gala (And How to Avoid a Financial Flop)

Planning a fundraising event or charity gala isn’t easy — and if you get it wrong, it can cost you more than you raise.

Every year, nonprofits across North America pour time and energy into events that fall flat — because they didn’t plan with precision, promote correctly, or capitalize on donor momentum. Sound familiar?

Whether you’re organizing a silent auction, live auction, or full-scale black-tie fundraising gala, the success of your event depends on avoiding three critical (and common) mistakes.

At BW Unlimited Charity Fundraising, we’ve helped thousands of charities turn fundraising stress into record-breaking success — and we’re sharing exactly how you can do the same.

❌ Mistake #1: No Clear Fundraising Goal or Budget Plan

You wouldn’t build a house without a blueprint — so why plan a gala without a clear budget, net revenue goal, or list of expected direct costs?

Many nonprofits launch into event fundraising without knowing what success looks like. As a result, they overspend, under-deliver, and lose momentum with both donors and leadership.

💡 BW Unlimited Fixes This:

We build a clear, customized fundraising roadmap based on your mission, donor base, and fundraising targets. From venue selection to cost analysis, we protect your bottom line and ensure your event generates real net revenue — not regret.

📉 Mistake #2: Weak Promotion & Poor Audience Engagement

If your marketing plan is just a few Facebook posts and an email blast… you’re in trouble.

Many charity events suffer from low attendance and lackluster donations because they failed to create compelling calls to action (CTAs), streamline registration, or connect with the right audience.

💡 BW Unlimited Fixes This:

We craft powerful event promotion strategies that get attention and drive action. We optimize your ticketing, build urgency into your messaging, and design visual branding that elevates your event above the noise.

Translation: more butts in seats, more sponsors on board, and more money raised.

🧊 Mistake #3: Ignoring Donor Experience & Follow-Up

Here’s the hard truth: if donors don’t feel valued at your event, they won’t give again.

Most charities fail to implement real donor stewardship, proper donor recognition, or creative giving tools like mobile giving and Text-to-Pledge during the event. Even worse? They don’t follow up after.

💡 BW Unlimited Fixes This:

From donor spotlights and live acknowledgments to post-event thank-you campaigns, we make sure your supporters feel seen, heard, and appreciated — so they stick around and keep giving.

We even help you integrate real-time giving tools like Text-to-Pledge, silent auctions, and live auctions that turn energy into donations during the event itself.

💥 Why Most Charities Fall Short — and How You Won’t

Most fundraising galas fail because they’re treated like parties, not revenue-generating campaigns. At BW Unlimited Charity Fundraising, we treat your event like a mission-critical fundraiser — because it is.

We help you:

• Design and execute high-impact fundraising events

• Lock down your venue, vendors, and logistics

• Attract corporate sponsors

• Increase your event attendance

• Run record-breaking auctions

• Strengthen donor relationships

• Maximize net revenue

🚀 Your Event Shouldn’t Be a Gamble. Let’s Make It a Win.

If you're tired of taking risks and getting mediocre results, it’s time to bring in the pros. We've raised millions of dollars for charities across the U.S. and Canada, and we’re ready to help you do the same.

✅ Ready to Plan a Gala That Actually Raises Money?

👉 Click below to schedule a free consultation with BW Unlimited Charity Fundraising.
Let us show you how we take the stress off your shoulders — and put money in your mission.

➡️ Contact Us Now to Get Started

"What to Expect" when working with BW Unlimited Charity Fundraising

Get set to elevate your fundraising event to extraordinary heights! Here's what to expect as we embark on this exciting journey hand in hand with BW Unlimited Charity Fundraising. Here’s a video fully explaining the entire process and “What to Expect” directly from George Wooden himself:

Cracking the Contract Code:

Understanding everything in the contract is extremely important. Got questions or concerns? Speak up. Ensuring a clear grasp of your obligations and BW Unlimited Charity Fundraising's role pre, during, and post-event is crucial.

A Beacon of Guidance:

Before the grand evening, BW Unlimited Charity Fundraising serves as your trusted advisor. They won't handle tasks like ticket sales or securing major sponsors; think of George Wooden's role as that of a seasoned coach leading the team—you and your committee take the field while he guides on the strategies and tactics.

Building the Dream Team:

Enlist a committee of at least 10 dedicated volunteers. Leadership targets those major sponsors, while the team focuses on ticket sales, auction item sponsors, and procuring donated items.

Communication and Leading the Charge:

Let's engage potential sponsors, donors, and guests. If feeling reserved, it's time to break free! And for those social media wizards, let's showcase our event online, especially on platforms like Facebook.

Keeping George in the Loop:

Maintaining regular contact with George during the planning phase is key. He needs to be in sync with ticket sales, sponsors, donations—anything significant.

The Social Media Frenzy:

We'll conquer social media! Sharing about the event while following George's expert advice on content, timing, and platforms to maximize visibility.

Transparent Donations:

Keeping George and the BW Unlimited team informed about special donations or specific requirements is crucial.

Smooth Sailing on Event Day:

No last-minute alterations without checking in with BW Unlimited first. Coordination is the linchpin for a flawlessly executed event.

Live and Silent Auction Items for your event:

No worries trying to locate great items to auction off, BW Unlimited Charity Fundraising has you covered. If you’re looking for Fundraising Auction Items, Consignment Auction Donations, Unique Charity Auction Items, Benefit Auction Consignment or Auction Item Ideas for Nonprofits…no worries we have them all and are 100% at your disposal. Your fundraising event will outshine all others in your area because of it.

Practical Preparations:

Arrange $500 in $10 bills for the raffles. Ensure readiness for credit card transactions and share necessary details with the BW Unlimited team. Post-event, either you or a designated representative will meet with them to discuss and handle the proceeds promptly.

Let's tackle these tasks as a cohesive and proactive unit. Our goal? To ensure your fundraising event resonates as a resounding success!"

Why BW Unlimited is Your #1 Trusted Source for Consignment Charity Fundraising Auction Items

When it comes to hosting a successful charity fundraising auction, finding the right items is crucial. In today's digital age, people turn to online searches to discover the best consignment charity fundraising auction items. Among the plethora of options available, BW Unlimited stands out as the #1 most trusted source for several compelling reasons. When looking for high-quality auction items, charity travel packages, reliable consignment suppliers, trusted charity auction providers or consignment auction items for charities, here are the reasons why BW Unlimited Charity Fundraising stands far above the rest:

1. Wide Selection of High-Quality Items:

One of the primary reasons why BW Unlimited is a top choice for consignment charity fundraising auction items is its extensive and diverse selection. They offer a wide range of high-quality products, from exquisite jewelry and decor pieces to unique collectibles and memorabilia while also carrying a wide array of charity travel packages. Their catalog is carefully curated to cater to various tastes and interests, ensuring that there's something for every bidder. This broad selection not only attracts potential buyers but also maximizes the chances of successful bids, ultimately boosting your fundraising efforts.

2. Exceptional Quality and Authenticity:

When organizing a charity auction, authenticity is key. BW Unlimited is renowned for providing genuine and authenticated items, giving bidders confidence in their purchases. Whether it's a signed sports memorabilia, a rare vintage item, or an amazing vacation package, buyers can trust the authenticity of the products and services offered by BW Unlimited. This commitment to quality ensures a positive experience for both the bidders and the charity hosting the event, fostering trust and credibility.

3. Positive Reputation and Customer Reviews:

In the digital age, online reviews and testimonials play a significant role in influencing purchasing decisions. BW Unlimited has garnered a stellar reputation and numerous positive customer reviews from both buyers and charities alike. With over 100 5 Star Google Reviews and 100’s of Video Testimonials, these testimonials highlight the company's professionalism, excellent customer service, and the seamless auction experience they provide. Positive feedback from satisfied customers serves as a testament to their reliability and trustworthiness, making them the go-to choice for consignment charity fundraising auction items.

In conclusion, when searching for consignment charity fundraising auction items, the keywords "high-quality auction items," "reliable consignment suppliers," and "trusted charity auction providers" inevitably lead bidders and organizers to BW Unlimited. Their wide selection, commitment to authenticity, and positive reputation make them the #1 most trusted source for charity auction items. By choosing BW Unlimited, you're not only securing exceptional items for your auction but also ensuring a successful and trustworthy fundraising event that makes a real difference.

Contact us today at 443-206-6121 or email us at info@bwunlimited.com. We stand ready to help you and your charity exceed your fundraising goals no matter where you are in the United States.

"The Art of the Ask" - Tips & Tricks on how to get donations for 2023! #Nonprofit #Fundraising #Nonprofits

"Unlocking Success with Sponsored Charity Auction Items"

Charities often underestimate the power of sponsored charity auction items, but they're essential for fundraising success. Take, for instance, our best-selling item, the Frank Sinatra and Dean Martin Drinking Quote, featuring famous quotes and autographs.

Frank Sinatra and Dean Martin “Drinking” Quote - BWUCF Decor and Wall Art Auction Item Catalog

This item has a consignment cost of $250, reimbursed only if it sells, with profits retained. But, consider this: you can have these costs sponsored and underwritten, resulting in higher profits.

Sponsorship opportunities are accessible for everyone, even small businesses looking for event exposure. Create a win-win by offering items for sponsorship, just like "Jane" from "ABC Realty."

We recommend a "Sponsorship Catalog" with various items that can be sponsored, paid upfront. By securing sponsorships in advance, you can raise more funds even before the event starts.

On the event day, set the opening bid slightly above your cost to guarantee a profit. Suppose "Bob" wins the bid at $500; your charity benefits, having already received $250 from Jane's sponsorship.

Even in the unlikely scenario where no bids are placed, your charity keeps the sponsorship money, and we retrieve the item for another charity event.

Maximize your strategy by getting as many items sponsored as possible. It's a fantastic way to have unique items at your fundraising event.

This approach can be applied to various event costs, covering entertainment and more. It's a low-risk, high-reward strategy. In comparison, not following this strategy might lead to smaller profits.

Our mission at BW Unlimited Charity Fundraising is to help you surpass your fundraising goals while offering remarkable auction items at your events.

For more details, reach out to us at 443.206.6121 or info@bwunlimited.com, and visit www.BWUnlimited.com. Get the support you need to make your charity event a success!

Why BW Unlimited Charity Fundraising is Your Trusted Partner for Consignment Auction Items

In the world of fundraising events, finding the right items to auction can be a game-changer. And when it comes to consignment auction items for fundraising events, BW Unlimited Charity Fundraising stands out as the best and most trusted partner. Let's explore why:

1. Fundraising Auction Items: At BW Unlimited Charity Fundraising, we specialize in providing a wide range of fundraising auction items that cater to diverse interests and preferences. Whether you're organizing a charity gala, a school fundraiser, or any other nonprofit event, you can count on us to offer a variety of items that will captivate your audience and boost your fundraising efforts.

2. Consignment Auction Donations: Our commitment to your cause goes beyond providing auction items. We understand the importance of securing donated or consigned items to maximize your fundraising potential. Our team works tirelessly to source and curate an impressive collection of consignment auction items, ensuring that your event has access to high-quality, sought-after items that will fetch top dollars.

3. Unique Charity Auction Items: Standing out in a competitive fundraising landscape is crucial. BW Unlimited Charity Fundraising specializes in offering unique and one-of-a-kind charity auction items that will leave a lasting impression on your attendees. From autographed memorabilia to exclusive experiences, we provide items that generate excitement and drive bidding wars, leading to higher fundraising returns.

4. Benefit Auction Consignment: We understand the specific needs of benefit auctions and the importance of maximizing revenue while keeping costs in check. Our consignment auction model ensures that you can access premium items without the financial risk of purchasing them upfront. This allows you to allocate more of your funds to your cause while delivering a memorable event.

5. Auction Item Ideas for Nonprofits: Planning a fundraising event can be a daunting task, especially if you're searching for inspiration. At BW Unlimited Charity Fundraising, we not only offer exceptional items but also provide expert guidance and support. Our team is here to help you brainstorm auction item ideas tailored to your nonprofit's mission and audience, ensuring a successful and impactful event.

In conclusion, when it comes to finding the best and most trusted partner for consignment auction items for your fundraising events, BW Unlimited Charity Fundraising should be your top choice. Our commitment to delivering high-quality, unique, and revenue-boosting items, along with our dedication to supporting your cause, makes us the ideal choice for nonprofits looking to make a meaningful difference through their fundraising efforts.

Contact us today, we would be honored to help you exceed your fundraising goals. Call us at 443-206-6121 or by email at info@bwunlimited.com.