The Donation of a Vehicle has Numerous Benefits for the Donor
- The donor receives a tax deduction equal to the fair market value of the vehicle. The IRS guidelines currently determine that value to be equivalent to the gross proceeds from the sale of said vehicle if the sale of said vehicle is greater than $500.
- You feel good knowing that through your donation you will be making a difference in the lives of untold numbers of children and families.
- You free up necessary space and time so that you can utilize your resources for other viable things.
- The donation of assets for philanthropic purposes frees up cash while creating tax benefits.
Why Donate to Our Organization
We also take seriously our
partnership with individuals who come alongside us through their volunteerism
and philanthropic gifts. The vehicle donation program has come under scrutiny
from the IRS over the past years and limits a donors tax deduction of a vehicle
to the sale price of that vehicle by the organization. We make every effort to
maximize the donors donation by running this program ourselves giving us more control
over the selling price of a vehicle and thus maximizing the benefit to the
donor as well as our organization.
Furthermore, we realize that every
donor has a different reason for considering the donation of a vehicle and that
there are potential obstacles involved in receiving a donated vehicle,
therefore, we access each donated vehicle on a case by case basis and develop a
plan for acquiring and selling the donated vehicle that again honors the donor
and maximizes the benefit to our organization.