Why Auctions Make Sense for Charity Events
Auctions are one of the most popular ways to raise money for charity. Charity auctions expand awareness of the charity’s mission, but they also attract donors and attendees because auctions are fun, exciting, and beneficial to the community.
People work hard and enjoy competition
Auctions are a great way to foster competition among friends, family, and colleagues who band together to support charitable organizations. Friends and acquaintances compete for the same auction item, so you can enjoy working hard with the awareness that you are cooperating in raising funds. Find more information about old railroad memorabilia
All proceeds go to a good cause
Whether people volunteer at the auction by serving drinks or bidding on an item, they donate their money and time to charity. The focus is not to create a profit margin but to raise money to help those who need it most.
You can find great deals
In a charity auction environment, you never know when you might be able to score a luxury vacation or an autographed photo of your favorite athlete at a bargain price.
If you bid more than the product’s market value, you can deduct the excess
Sometimes charity auctioneers are more than willing to pay more than the market value of an item because they want to help the charity. In these cases, the IRS allows you to write off the difference between the bid amount and the item’s market value.
Music, food, and drinks help create a festive atmosphere for the participants
Good music and good food often accompany the auction. In some cases, some auctioneers decided to attend simply because their favorite DJ was there.
People can meet old friends and colleagues
Charity auctions are often held every year, providing a great opportunity for people who are passionate about the same cause to come together again.
People enjoy the adrenaline rush of the bidding process
The atmosphere of the auction is inspiring for many participants. Time seems to fly during auctions as bidders see the item they want and try to experience the thrill of winning.
Donors enjoy greater brand recognition while helping those in need
Companies and individuals who donate items to charity auctions often benefit from increased awareness of their brands. More importantly, their willingness to contribute to charity helps them develop a positive image in the community.
Charity auctions can help break the monotony of a structured meeting
In many cases, charity auctions are part of a tightly structured comprehensive program of events. In this case, the charity auction often turns out to be the most anticipated part of the event, as participants are ready for a fun and friendly competition.
Everyone comes together for a great cause
At the end of the day, auctions are popular because everyone participates to achieve a common goal. A sense of camaraderie is created and participants feel valued knowing that they are helping to raise money for a charity.
Industry leader assists in the successful charity auction
WEDO offers expert advice for successful charity auctions, ensuring engaging, enjoyable events.