Car Donation Guide
                                                                        
 
 


work. This type of direct car donation means that the funds are not passed through to other charities, and support the work of the charity directly.

Here are additional items to consider when donating your car or other vehicle: Type of charitable work- regardless of the type of organization that you donate your car to, you want to make sure that the money supports a cause that you believe in. There is a wide range of charitable activity that you can support, ranging from cancer research, to orphanages, to inner-city outreach, to emergency relief, to drug counseling, to global hunger and much more.

Tax deductibility- most car donation charities are classified by the IRS as non-profit charitable organizations, and car donations made are tax deductible to the full extent of the law. If you end up donating your car to a for-profit dealer or fund-raiser, make sure that your deduction would be considered tax deductible. In addition, individual tax situations vary, so always check with a tax professional or other advisor to confirm if you would receive a tax deduction in your specific case.

Value- the value of the vehicle for tax deduction purposes is made by you, the donor. Beginning in 2005, the rules for declaring value changed, and the donor is required to justify the stated value. There are several online resources where you can get estimates of the car's value for this purpose.Each car donation charity will give you a receipt for the donation, and then you will have to declare the fair market value on your tax returns.

Title- to donate your car, you generally need clear title, but other arrangements can sometimes be made if you do not have the title paperwork.

Condition of car- most car donation charities will take your car regardless of condition (even it doesn't run) unless the anticipated proceeds from the sale would not cover the cost of towing the vehicle.

Pickup area- if you live anywhere within the US, you will be able to find at least one car donation charity that will accept your donation (you just might have to do a little bit more searching if you live in a remote area).

Percentage donation- a good measure of any charitable organization is the percentage of donated funds that support the actual charitable work and are NOT used to support the overhead of the charitable organization. Finding this percentage for all the car donation charities requires a significant amount of research, as this figure is not listed on most car donation web sites.

In conclusion, we hope you have found the information we have put together for you useful. We recognize that this guide was in no way exhaustive, and that there is much more to donating a car than what is included here. We suggest that you use the information in this guide as a starting point in your search for the right car donation charity for you.

 
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