Item Donation Disclaimer

Tax Information and Receipt

The Sean Ryan Foundation is a tax-exempt organization recognized under Section 501(c)(3) of the Internal Revenue Code. Our Federal Tax ID Number is: 33-2110088.

Donations of items to our silent auction are tax-deductible to the extent allowed by law. According to IRS guidelines, the donor (not the organization) is responsible for determining the fair market value of donated items for tax purposes.

Valuation and Documentation

  • Valuation Responsibility: The Sean Ryan Foundation cannot assign a monetary value to your donated item(s). The IRS requires that the donor determine the fair market value of any non-cash contribution.

  • Receipt Provided: We will provide a donation acknowledgment letter that includes a description of your donated item(s) and the date of contribution. This letter serves as your official receipt for tax purposes.

  • Documentation for High-Value Items: For items valued over $500, donors may need to complete IRS Form 8283. For items valued over $5,000, an independent appraisal may be required by the IRS. Please consult with your tax advisor.

Donation Acceptance Policy

  • The Sean Ryan Foundation reserves the right to decline any donation that does not align with our mission or values.

  • Donated items become the property of the Sean Ryan Foundation and will be used in a manner consistent with our charitable purpose.

  • If an item does not sell during the silent auction, the Foundation reserves the right to use the item in future fundraising activities or repurpose it in a way that benefits our mission.

Use of Funds

All proceeds from the silent auction directly support the Sean Ryan Foundation's mission to provide financial support and a sense of community to individuals and families affected by brain cancer.

Donor Recognition

Unless you request anonymity, your name and donation will be acknowledged in auction materials, on our website, and in relevant event communications.

Questions

For questions regarding the tax implications of your donation, please consult with your tax advisor. For questions about our organization or the donation process, please contact us at seanryanmemorial@gmail.com.

This disclaimer is provided for informational purposes only and does not constitute legal or tax advice.