PARTY ON THE HILL SILENT AUCTION RULES

Online Bidding

Each Silent Auction item is available for online bidding. View Silent Auction items at ww.partyonthehill.com. Follow the instructions to place a bid. Those placing online bids will be notified if the have been “out bid” and will have an opportunity to place another bid. ONLINE BIDDING CLOSES AT 12 NOON THE DAY OF THE EVENT, NOVEMBER 2, 2007. The highest advanced bid for an item will be the starting bid for that item at the event.

Payment for Silent Auction Items

Payment for all auction items is to be made in full on November 2, 2007 online. You may VISA, MasterCard or American Express.

If you are the winning bidder you will be contacted regarding pickup arrangements.

UNLESS OTHERWISE SPECIFIED, ALL AUCTION ITEMS AND SERVICES MUST BE USED WITHIN ONE YEAR FROM THE DATE OF THE AUCTION. Dates and times are arranged to the mutual convenience of, and by and between, the donor and buyer. To avoid disappointment, please make all reservations well in advance. Values on some items are estimates only and general value is not warranted for tax purposes. ALL SALES ARE FINAL and no exchange will be honored unless specifically indicated. All information contained herein is believed accurate but NOT guaranteed. By his or her purchase, the buyer waives any claims for liability against any Indian Hill School, PTO, Boosters Association or donor of the property or services.

TAX DEDUCTIBILITY OF PURCHASE

The IRS has requested that charitable organizations inform their constituents as to the deductibility of payments by patrons of fundraising events. The following is provided for your benefit.

Cash Contributions: Tax deductible to the extent of the law.

Raffle Tickets: not deductible, purchaser has received something in return – a chance to win.

Silent Auction Purchases: The amount paid in excess of the stated value may be considered a contribution.

Donated Items: May be considered a contribution equal to the item’s fair market value. It is the donor’s responsibility to determine the value. The ultimate burden of proof for charitable deductions lies with the taxpayer. You should retain your bid sheet if using overbids as contributions on your 2007 taxes.