Donating Cars to Charity Organizations

It is no longer strange to see people donating cars to charity organizations. There are many good things a man can do on this earth and one of them is to give away cars, even if it is old one, to charities or individuals. Donating cars is an act of kindness. There are many benefits you enjoy as the owners of the car and the party receiving it also enjoys all those benefits. One major thing you need to know is that you must be certain that your car is going to be very useful to the person or charity that is going to receive it.

There are many charity organizations out there. Most of them need cars for their daily activities. So, they will really appreciate the one you give to them. One of the ways to show appreciation to your society is to give out a car or cars to charity organizations. Do not forget, your name shall never be forgotten. Be part of people that are remembered for doing well in the society.

When you are about to give out your car, put into consideration the following;

* Know whether the organization you have in mind is authorized to operate or not.

* Look into the background of such organization. Do not just give away your car to any organization you see around.

* Check for real and proper document concerning the donation you want to make. i.e. all the transaction papers needed. Check very carefully the contract and the conditions concerning what you want to do.

You can donate any type of car to charity organizations. However, among the best and suitable ones you can donate are trailers, SUV's trucks, motorcycles, boats, vans, RV's etc. it is very easy to donate cars than putting them on sale. Try one and see. Among the benefits you enjoy as a result of donating your car is that it gives you the satisfaction that you are contributing positively to the need of the society. It also gives you tax deduction.

If you find it difficult to find the right charity to receive your donation, you can contact cars4charities. This institution will help you to find a good and reputable charity organization for your car. This organization also helps you to maintain good relationship with your client. Cars4charities has been in operation since 2003. The experience is there to help you. In fact, this organization works to the extent that the tax deduction you receive is appropriate and correct. This institution is a professional one. 

When you are about to donate a car to any charity organization, you need to follow the following tips and suggestions;

* You need to present a valid title that shows that you are the original owners of the vehicle.

* Present the receipt that shows the current market value of the car.

Make sure you follow government rules and regulations concerning car donation in your area. If not you will not be qualified for any tax deduction. Make sure also that the entire document needed for the transaction are available on ground.

Your Car Donation Counts

Your car donation isn’t just a way to obtain a nice tax deduction, but it is a great way to contribute and assist in supporting various positives causes world-wide. Their are many charities that supports various positive causes by helping and assisting many people who may be in need of some additional support.

Donating a car is a great loving act, and is highly admired by many individuals, and cherished by charities themselves. Their generic are many car charities that accommodate car donors with extra incentives outside of a tax deduction, to show appreciation of their just act.

Their are many different reasons why making a car donation to a charitable organization is one of the best ways to get rid of a no longer utilized vehicle, and below we will list just a couple of reasons and highlights of making a car donation.

• A great way to help others
• A way to pick up a minim tax deduction of $500
• Free Vacations
• Free Gift Vouchers
• Free Towing
• Free up space in your garage or driveway and not to mention that your car donation is indeed a loving act, and a great way to help make the world a better place.

These are just a couple of highlights to making a car donation, and some of these highlights listed above may vary depending on the organization or company in which you choose to donate a car to.

What Happens Once You Donate Your Car?

Besides just letting your car collect dust in the garage or driveway, you can donate your vehicle to a car charity, that would certainly put your vehicle to use. In most cases once a car is donated to any charity, the vehicle will then go to a car auction, and the a percentage amount of proceeds received from the auctioning of the car will go to a car charity.

Depending on if you choose to donate your vehicle directly to a car charity or a 3rd party a car charity, would dictate what exact process take place. For instance, in most cases when a car is donated directly to a car charity, the vehicle would most likely be used for transportation purposes or perhaps given to someone who may be in need of a vehicle. However this isn’t saying that direct charities do not send vehicles to auctions to obtain money capital to help support their positive causes.

A 3rd party organization send donated vehicles to car auctions at least 90% of time, and send a percentage of the capital generated from the car auction to a charitable organization. In most instances, you can choose support the charity that the 3rd party supports, or request that the proceeds from you auctioned vehicle goes to a particular car charity.

To sum everything up, car donations is by far one of most loving ways to contribute, or any charitable cause for that matter. You car donation goes a long way and most certainly can out many others all around the world.

Source :citycardonation.org

It’s a Tough Time for Car Donation Nonprofits

But, according to a study done by the Nonprofit Research Collaborative, things are starting to get a little better. This report showed that about a third of the charities in America had an increase in donations throughout the first nine months of 2010. Unfortunately, this increase hasn’t been enough to keep up with the demand for charitable services.



Just like many other industries, nonprofit companies have been hit hard by the recession. They rely on the charity of others to generate their operational budgets, and when economic times are tough, people are less likely to make a donation. Of course, when economic times are tough, there is usually more unemployment and increasing need for the services these nonprofit organizations provide.

Last year was one of the hardest ones in a long time. Our giving was at the lowest it had been since 1956. This can be very troubling for both the nonprofit organizations and the people who rely on their services. And that is why this slight increase in giving has been viewed by some as a positive sign for the future.

Despite the increase in car donations, worthy nonprofit organizations always need more. There might be some positive signs in the economy, but that doesn’t mean everyone suddenly has more money that they can part with. Things still seem a little shaky, and it’s this kind of uncertainty that makes people hesitate about making charitable donations.

This is where donating a car to charity can make a real difference. You don’t always have to donate cash when you are looking for ways to help these important organizations. If you have a vehicle that has reached the end of its useful life, or you don’t think you’d get much for it on a trade it, you can always donate a car for a tax deduction and help this trend continue.

Vehicle Donation Tax Deduction

People who are donating vehicle donation tax deduction must be aware of false and misleading claims, such as: maximum deduction, full fair market value, and fully tax deductible which are made by certain online car donation, radio, TV commercials, or other mass media. You absolutely should know that the value of donation is based upon the actual fair market value of the vehicles. This value is very difficult for common people to figure out and causes various complications and problems. The new rule of regulating vehicle donation tax deduction was published on January 1, 2005. It tells that you may deduct the full price for the sale of your vehicles and it will be in several ways of process.

The new rules of vehicle donation tax deduction are divided into several ways. If your vehicle sells for more than $500, the following applies: 1st is if your vehicle sells for more than $500 you will know exactly the amount you may deduct. It causes you don’t have to take a research about the fair market value of vehicles for estimating yours. The selling price of your vehicle becomes its fair market value and what you can deduct on your tax return in most cases. You can also throw away the risk of you get into trouble by overstating the value of your deduction on your tax return. This will make you save in both time and risk. 2nd is if you car sells for $500 or less at auction, you may deduct what you determine as the fair market value of your vehicle or the amount the vehicle sold for, which is less and as long as that figure is under $500. Other rule that has written to regulate this cases is the IRS Publication 4303, “A Donor’s Guide To Vehicle Donations” states: “…the written acknowledgment must contain…the date of the contribution…”. The date of contribution is the date that the Foundation receives the donation form. For instance; if you give the donation form on the 31st of December, so it will still be for that tax year.

Vehicle donation tax deduction is the only exception about the same year tax for submitting the donation form which is if you cancel the donation and then resubmit it later, it will effect you will not get the tax of that year. In general, if you work with the towing facility and assist in any problems that may arise, so your donation will still be considered effective the date you filled out the donation form

Source: http://www.donatingacar.us/vehicle-donation-tax-deduction-672.html#ixzz1SWqlYa4t

Car Donation Tax Law

Before you choose to donate a car, you have to select the prestigious and trusted organization according to car donation tax law. Donating a car can be rewarding thing and a blessed thing because of you help somebody’s live and it will automatically get you a tax writes off as you see the car donation tax law. You need to choose the charity that is a qualified 501(c)(3) IRS registered charity. There are many local churches, temples, and other religious institutions that are qualified as well to claim a full tax deduction

Car donation tax law is according to a general guideline from the IRS: “Donors should understand the way that the American Jobs Creation Act of 2004 will alter the rules for the contribution of used motor vehicles, boats and planes after Dec 31, 2004. If the claimed value of the donated motor vehicle, boat or plane exceeds $500 and the item is sold by the charitable organization, the taxpayer is limited to the gross proceeds from the sale. Under the new rules, the charitable organization must provide an acknowledgment to the donor within 30 days of the sale stating the amount of gross proceeds. Alternatively, if the charity significantly uses or materially improves the vehicles, the charity must certify this intended use and duration and provide an acknowledgment to the donor within 30 days of the contribution. If the charity significantly uses or materially improves the vehicle, generally, the donor may deduct the vehicle’s market value.”

IRS officials recommend that people who want to donate their vehicle by Dec. 31, 2004, take the following steps according to car donation tax law: 1st check that the charitable organization is qualified. 2nd itemize in order to benefit. 3rd calculate the fair market value. 4th deduct only the car’s fair market value. 5th document the charitable contribution deduction. 6th contact State charity and IRS officials when you are in doubt

Source: http://www.donatingacar.us/car-donation-tax-law-710.html#ixzz1SWpmhVEj