Car Donation
Updated:
A car donation can be a win-win situation. You get rid of a car you no longer want for whatever
reason, the charity of your choice gets a donation of a car they can either use themselves, or can sell,
sometimes having improved it, and you get a tax receipt to reduce the amount of taxes you have to pay! And the car
doesn't even have to run, so you can get rid of that old junker you didn't know what to do with! A car donation
just makes good sense, don't you think?
A Car Donation Does Make a Big Difference
by Jay B Stockman
Mother nature’s fury, floods, hurricanes, and earthquakes, have wreaked havoc on many people, and communities.
As a result of these devastating events, homes, and lives have been destroyed. Rebuilding infrastructure and
property, requires a great deal of resources, and capital. Federal, and local financial aid are much needed,
however this aid falls short of what is truly required. Individual contributions are vital to fill these vast short
falls. Beyond monetary contributions, donating a used vehicle can greatly benefit the needs of these desperate
communities. A car donation is a process whereby both the donors, and the recipients benefit from the
transaction.
Car Donations are relatively easy, and are done through a charity vehicle donation program. Generally, a telephone
call is all that is necessary, in addition to a clear title to the automobile. Many charities will take vehicles
that are running or not running. The car donation program will arrange for the vehicle to be picked up, conduct a
charity auction sale, and distribute the proceeds to the charity of your choice. It is
important to have the following information ready before you make the call:
- Owner's name
- Owner's address
- Owner's telephone number - work and home
- Owner's e-mail address
- Year, Make and model of vehicle
- Running Condition?
- Address where the vehicle is located
- Approximate mileage on vehicle
Your car donation is fully tax deductible, as long as the charity is a registered 501(c)3 organization. A
registered 501(c)3 organization is a non-profit organization permitted by the IRS to accept contributions and offer
donors a tax deduction for their gifts. Thanks to a new tax law in effect as of January 2005, the IRS has taken the
guesswork out of determining the value of your vehicle. You may deduct the full price that is received from the
sale of your car. This greatly simplifies the process, because you no longer have to research and arrive at an
estimate of the fair market value of the vehicle. This also eliminates the risk of getting into trouble by
overstating the value of your deduction on your tax return. You’ll know exactly the amount you may deduct,
eliminating guesswork, and saving both time and risk.
A car donation will help provide humanitarian aid, and disaster relief for devastated areas, and communities.
Additionally, a car donation will eliminate the hassles of selling a car, and give something back to a community in
need at the same time. A car donation can and will make a difference.
So, consider making a car donation or any other vehicle come to that when you change vehicles. You
can donate old planes, boats, whatever, and benefit with a tax reeipt. By making a car donation, I'm sure you
will feel much better too.
Copyright © 2007 www-auto-donation.com
|