| If you're thinking about a charity car donation I'm | | | | donations are a planned part of the non-profit |
| going to outline some of the facts you should know. | | | | organization's budget. These vehicle donations can |
| You can receive a nice IRS tax deduction for your | | | | make the difference in the kind of services they can |
| old car or used car and help someone in need in the | | | | offer. So if you donate vehicles you will help these |
| process. | | | | organizations continue to function |
| It's called car donation or charity car donation when | | | | In a nutshell, car donation means acquiring old cars |
| you give a charity organization your vehicle - | | | | from donors and donating them to charity |
| automobile, car, truck, ATV, RV, airplane or any | | | | organizations. There are car donation companies that |
| other vehicle which might or might not be in useable | | | | are intermediaries or links between the donors and |
| condition. In the U.S. charitable vehicle donations | | | | the people who benefited from these donations. |
| provide a great tax benefit for the donor and it's | | | | They are a big help in funding for charities. Some |
| rapidly gaining in popularity. | | | | companies even help organizations that do not have |
| First you want to learn the mission of any charity | | | | their own charity programs. The car donation |
| you're considering. If you have a specific charity in | | | | companies can auction the donated car or other |
| mind for the car donation do some research on it, | | | | vehicle in the marketplace and the money is given to |
| especially if you're not sure how reputable the charity | | | | the charities or the car can be used by the charity |
| is. There are many national and local charitable | | | | organization or be sold on their used car lot. |
| organizations that advertise in newspapers or on | | | | When you give your car to charity you are given a |
| television and openly announce they are looking for | | | | charitable gift IRS Tax Receipt. The vehicle donations |
| car donations. You have probably seen some of | | | | when made to a reputable and bona fide charitable |
| these, but are they your best choice? | | | | organization are tax-deductible. The IRS allows the |
| Sometimes charities will use the car donations | | | | donor-taxpayer to claim a tax deduction on the |
| themselves in their daily charitable activities - | | | | estimated value of the vehicle up to $500. The donor |
| sometimes to transport people. Perhaps they may | | | | of the car or vehicle must have title, so make sure |
| use it to transport people in need to doctor's | | | | you have it handy when you start the process. |
| appointments, social worker appointments, hospital | | | | Make sure to ask if the charity handles the car |
| tests, etc. More often though the vehicles will be sold | | | | donations - have their own charity car donation |
| at auction or off their car lots to raise money for the | | | | program or pays an outside company to do it. If the |
| charity's programs or their general fund. Yes it is not | | | | for-profit company handles the car or vehicle |
| common knowledge that many charities have their | | | | donations, find out just how much money the charity |
| own car lots. Many Goodwill Industry stores have | | | | receives from the sale and how much will go to the |
| their own. | | | | for-profit company. |
| Many people do choose to donate their used and | | | | You will see car donation program in just about |
| unwanted cars in order to help others. If you buy a | | | | every major city in every state in the U.S., including |
| new car or own a car that isn't running, you can | | | | California, Massachusetts, Minnesota, New Jersey, |
| consider donating the car, truck, or other vehicle. You | | | | New York and Michigan. There are no laws |
| can also donate boats, RVs, ATVs, airplanes and | | | | preventing charities from accepting these types of |
| other vehicles or even real estate depending on what | | | | donations. |
| your charity accepts. Your donation is tax deductible | | | | Some of the car donation charities you might see |
| which helps you and the organization that you | | | | are: Target, Purple Heart, Kidney Foundation, |
| donated the vehicle to. | | | | Salvation Army, Goodwill Industries and various |
| Day in and out, charities provide services and needed | | | | cancer organizations. |
| support to people in communities all over the nation. | | | | In any case you will greatly benefit for your charity |
| While some may receive government grants or | | | | car donation both in claiming a nice car donation tax |
| private donations, this is never enough to take care | | | | deduction or benefit and in helping charities continue |
| of the many causes they pursue. Charity car | | | | to operate so they can help people in need. |