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Posts Tagged ‘Donation’

Donate A Car To Charity

Tuesday, June 18th, 2013

Car donation has become a well known way of giving to charity whilst avoiding the usual hassle of trying to sell it and also getting yourself a good tax deduction at the same time.

Firstly make sure your charity accepts car donations, and if your normal charity does not accept car donations, search round until you find one that is comfortable with accepting vehicles. Make sure the charity is an organization that you know and trust. There are thousands of organizations that accept car donations.

Make sure the charity is an organization that you know and trust. There are thousands of organizations that accept car donations. Don’t be pressured by emotional ads or pressure to donate – take your time in identifying a charity that will make good use of your contribution. Any worthy charity will be happy to give you sufficient time to make your decision.

Before you choose to donate, remember that all charities are not created equal. Look for an organization whose work you recognize as benefiting the community or the world. Ask how your car donation will be handled. You’ll want to know that the vehicle will be picked up and transported by properly licensed and insured towing companies and that the legal transfer of the donated vehicle will be handled by a licensed dealer contracted by the charity.

Try to find a charity that will actually use your car in its programs. Will it be given to a needy individual or sold? Find out what the charity does with its money. Contact the charity and confirm that your donation will be used for the right purposes. Do not donate your car if you cannot confirm that your contribution will go to a charity

Once you’ve identified a worthy charity, recognize that it will have to pay someone to pick up your car for you. To help the charity maximize the benefit of your donation, drop the car off yourself.

Donating a car’s the way to go if it isn’t running. Just remember to pick your charity carefully and talk everything through with them

Tips for the Right Charity Car Donation

Tuesday, August 14th, 2012

Car donations are a growing sector of charity donations from private donors. However, there are some unscrupulous contractors who profit from the cars donated to charity. You can protect yourself and make sure that the maximum amount of your donation goes to help children, fights disease or reduces hunger by following a few important tips.

Donate your car to a charity directly. When you donate your car directly to an organization, 100% of the value goes directly to the organization rather than to the overhead costs of an intermediary agency. Many of your favorite charities are set up to accept car donations directly.

Drive your car to the charity or to their designated drop-off spot. Unless the agency employs its own tow truck and driver, the organization to which you’re donating your car will have to pay to have your car towed to their location. If you drive the car to them, you’ll save them the cost of the tow.

If you use an Intermediary agency, find out the percentage that goes to the charity. If the charity you want to donate to uses an intermediary agency or if you can’t find a charity that directly accepts car donations, do some research to find out how much they hand over to the charities they work with. Ask directly-a reputable agency will have no problem giving you the number-and then call one or more of the charities with which they work and ask them to confirm what the agency told you.

Check the tax status of the charity. In most cases, you can only claim a tax deduction if you donate to a 501 (c) (3) organization. Ask to see the charity’s determination letter from the IRS to be sure that its papers are in order.

Complete the transfer papers correctly. For your own protection, do all the paperwork to complete the transfer to the charity properly. If a charity wants you to leave the title transfer blank so that they can sell the car without actually holding the title, you could be liable for parking tickets or if the car is used in the commission of a crime before the transfer is completed. If the organization you’re dealing with won’t complete the transfer process properly, back out and find a charity that will process your car donation in accordance with the law.

A car donation can offer big benefits for both you and the charity that accepts it. The charity gets the donation and you get the tax deduction, as long as you follow all the rules and restrictions about keeping records and filing forms. If you’re planning to donate a car to charity, following these tips will help you maximize your deduction and make sure that the charity gets the most benefit from your donation.