Vehicle Donations To Charities And Non – Profit Organizations – A Win-Win Situation

Vehicle Donations To Charities And Non – Profit Organizations – A Win-Win Situation

I'm writing this in the last week of the 2006. In between Christmas and New Year's Day is a very relaxing time for most of us; plenty of time off, no mad rush for last-minute presents, and looking forward to a fun holiday. Although we tend not to think about it, this is your last chance (in the current year, at least) to make charitable contributions and get important tax breaks. While this article may be reaching you a little late, it is a great subject all through the year.

If you are like me, you probably did not know that donating your car, truck, RV, or even a boat might result in a great tax deduction. It is an increasingly important source of funding for some of the largest and most respected charities and non-profit organizations in the nation.

In the industry, these types of donations are all lumped under the heading "vehicle donations". Just about any vehicle in any condition is a good candidate for a donation, but under current tax laws, you can only deduct what the vehicle actually sells for at an auction. Once the vehicle has sold and if it sold for $ 500 or more, you will be entitled to a 1098C tax form for your deduction. If the vehicle sell for less than $ 500, no 1098C form is required.

Charitable Auto Resources, Inc. (CARS, Inc. – http://www.charitableautoresources.com ) is one of the most respected sources for non-profits to administrator their car donation programs. As you might expect, large and small non-profits and charities prefer to use CARS, Inc. to handle all the details, leaving them nothing more to do than advertise through a variety of ways and cash the check. For Non-Profit Organizations and Charities, CARS has a marketing team dedicated to helping you get the word out to donors of all types that you have a vehicle donation program.

So how does the donation process work, and what makes it so easy? If you would like to donate your vehicle to your favorite charity, or if you just want to find out how the process works, you can go to the vehicle donation website. Typically, if you are a non-profit organization they will customize a program just for you, and if you are a donor they will guide you through the process with ease.

Fortunately, the best vehicle donation processors not only get the absolute highest value for your vehicle at auction, they also make it easy on you by supplying all the necessary paperwork (1098C forms) for your IRS filings. For example, CARs has spent considering effort simplifying the donation process, and provides the highest level of security for your personal information ensuring your personal safety and privacy, as well as the most efficient processing in the industry. Their interactive website also allows you to log on to check the status of donations real time so there are no surprises at your non-profit.

Therefore, besides the fact that donating a vehicle is one of the best and most important decisions you can make, the proceeds from the pledges will go to those less fortunate.

Vehicle donations are a win-win for you and your non-profit or charity. You get a great tax break and your reserving charity or non-profit receives a much-needed donation, all with no more than phone call or a short trip to an easy-to-use website. It really does not get any better.

Donate Car to Charity California

Source by Dave Mercer

Monday, July 09, 2018   by Aapanu Gujarat ·   0

Why should I donate a car in California?

Why should I donate a car in California? 

How can you donate a car in California by turning your old car into cash for a charity? Want it fast, free and with zero hassle to you?
We've got this! 
You seriously don't have to lift a finger … well, one finger, to call us at Cars2Charifor free - whenever and wherever is most convenient for you (The charity you choose reimburses Cars2Charities for the towing, improvements, and handling). We determine if changes to your car will result in a higher sale price. Then we sell it and hand your favorite charity a check … and you get a tax write-off for 100% of the value of your car donation in California! 
We literally handle it start to finish - we take care of the title transfer and all the DMV documents. You have better things to do than sit around and wait for Craigslist customers and stand in long lines at the DMV. Let us take the car you no longer need off your hands (and out of the garage!). You can also feel good knowing that you can generously help someone without resources. 
Did you know that your vehicle donation in California doesn't even have to run?! We come and tow your car, so it's not like other charities that accept car donations in California, where you have to limp it to a drop-off location or government rebate center.
If you're accustomed to doing dealer trade-ins or CarMax when it's time to upgrade your car, you may not know that you tend to only get 30%-40% of the value of your vehicle. An interesting study at the Marshall School of Business at USC revealed that dealers increase the sale price of their cars when presenting quotes to shoppers who are planning to trade in their cars. The researchers found that car sales personnel assume that buyers with trade-ins aren't very concerned about the bottom line.

Can I donate an RV in California? What about a truck or motorcycle?

The answer is “all of the above!" You reap the same benefits if you make a recreational vehicle donation in California as you do with an auto donation. Is your motor home just sitting in the driveway? We can pick that up for you, or you can donate a camper in California.
Does your golf cart need batteries? You're likely to save some money with a golf cart donation in California, considering batteries are about $160 each and golf cars use 6-8 of them!
Are you a Harley rider? You can make a motorcycle donation in California and, again, get a tax break while you benefit a worthwhile charity. We also pick up quads/ATVs - you name it. 

Has it been a really long time since you've had your boat in the water or taken your jet skis to the lake? Donate a boat in California or a Sea Doo you don't use and we can turn it into relief for someone in need.
Whether you've got a sports car, sedan, or if you want to donate a truck in California, we take them all off your hands and convert them into a generous gift to charity (along with your nice tax deduction, of course).

“

What are donors saying?

Read Testimonials..

What is the best charity for car donations in California?

Do you have a passion for a nonprofit? 
We warm Californians are known for our generosity - reaching out to men, women and children in need. Is there a charity you've wanted to support, but didn't know how? Here's your opportunity! 
Do you want to use the value from your car to donate to the Animal Friends Rescue Project in California? Or, if you're passionate about medical causes, you may want to donate to cancer research in California. A vehicle donation to Breast Cancer Solutions Foundation supports the individuals recovering from the disease who often experience a loss of income while in treatment. Or you can make a truck or trailer donation in California to the American Cancer Society.
Dementia is a growing problem in America. If you'd like to donate a camper or van to the Alzheimer's Association in California, we are happy to help you support the cause. 
Fans of National Public Radio have the opportunity to donate an auto to NPR in California and help the network offer more of its well-known conversation about relevant issues.  
Are you a big believer in putting men and women to work? You may choose to donate an RV or ATV to Goodwill in California. You can give a leg up to other individuals who need career training with a Salvation Army vehicle donation in California. 

You may donate a boat or SUV to a church in California or choose to benefit a religious organization, such as an auto donation to Catholic Charities in California.  
A vehicle donation to Ronald McDonald House in California can change lives of those who are terminally ill and others involved in the program.  
You can donate a car, RV, or boat to charity in California. Just let us know! 

What's the best car donation tax deduction in California?

 Throughout the year you have to make decisions that affect your totals on (everyone's favorite day of the year) April 15th. With a charity car donation in California through Cars2Charities, you get a process designed to maximize your tax deduction by adding value to the vehicle. 
When you donate a vehicle, our team of technicians does a 16-point assessment to determine the value of making repairs and upgrades to your car. Our research has shown that vehicle donations in California typically sell for 25-50% more than cars for charity without the improvements. 
In addition to the added value from the repairs and upgrades we typically make to auto donations, you're getting the added bonus of our integrity. 
We follow the IRS guidelines for your tax deduction, where both you and the charity receive IRS Form 1098 within 30 days of the sale of your vehicle. Both you and the charity of your choice receive paperwork indicating the final sale price of your car, so everything's transparent.  
Before you decide to donate your car in California, you can check our positive track record by reading some of our donors' stories to see how satisfied they've been with Cars2Charities.  
As for your bottom line, in addition to the vehicle improvements, we also sell donation cars privately, rather than through auction, when possible. Cars are generally sold for the value of “as is" condition at auction, so the higher sale price from a private sale maximizes your tax advantage. 
When you're ready to make a vehicle upgrade, donate a car in California by contacting us online or make a quick call. 

Simply call

855-520-2100

Or 

Donate Now

Tuesday, January 23, 2018   by Aapanu Gujarat ·   0

How to Donate a Vehicle Car Etc. .

How to Donate a Vehicle (Car Etc.) .

Donating an Automobile


1
Find charities. You should identify a charity you’d like to give your vehicle to. Go online and check the charity’s website to see if it accepts vehicles. There may also be a phone number to call or a specific web page dedicated to explaining the donation process.
You might also use the donation wizard website at https://www.cardonationwizard.com/. You can begin the donation process on this website.


2
Check whether the charity is a qualifying nonprofit. This is important if you want your contribution to be tax deductible. Generally, 501(c)3 charities and religious organizations qualify. You can double check by using the EO Select Check tool at https://www.irs.gov/charities-non-profits/exempt-organizations-select-check.

Remember that churches won’t be listed in the IRS directory though they still qualify.[1]
You can also call toll-free (877) 829-5500 to check nonprofit status.


3
Provide information about the vehicle. The charity will want to gather information from you about the vehicle. Have the following information handy when you call:[2]
vehicle make
model
body type
vehicle identification number (VIN)
current mileage
condition
date last driven


4
Complete required paperwork. The paperwork you need will depend on your state. You should contact your state’s Department of Motor Vehicles and check. In most states, you will need the certificate of title to transfer the vehicle.[3]
You will have to fill out the certificate of title in the name of the agency that picks up vehicles for the charity. For example, Habitat for Humanity uses “Advanced Remarketing Services,” so their name goes on the title.
You also have to print and sign your name in the seller field on the certificate of title.
The charity will probably also ask that you submit the title before they pick up the vehicle.


5
Have the vehicle appraised, if necessary. You may need to have the vehicle appraised if you intend to claim more than $5,000 as a tax deduction.[4] You should estimate the value of the car and talk to the charity ahead of time to find out what they intend to do with the car.
You don’t need an appraisal if the charity intends to sell the car. In that situation, the sale price is proof of the car’s value.
However, the charity might use the vehicle, make a substantial repair, or give it to a needy person. In those situations, you should have an appraisal done by a certified appraiser.


6
Schedule a pickup. If your vehicle is accepted, you will schedule a pickup. Make sure that you are home so that you can handle any issues that might arise. Remember that the charity has up to three years to sell your vehicle.[5]
After the vehicle has been sold, you should receive an acknowledgement letter. Hold onto this letter. It contains information about the sale and can be used for tax deduction.[6]
Instead, you might receive Form 1098-C from the charity.[7]


7
Surrender your license plates. Each state has its own process for transferring ownership of a vehicle. Generally, you can keep your plates and use them with your new car. However, if you want to surrender them, then you can drop them off at your state’s Department of Motor Vehicles.[8]

Part 2 Claiming a Tax Deduction

1
Decide if you want to itemize your taxes. You must itemize your deductions to claim the tax deduction for donating a vehicle to charity.[9] Instead of itemizing deductions, you could claim a standard deduction, which you get automatically. You should check whether you want to itemize at all.


2
Identify vehicles that qualify for a tax deduction. The IRS defines “vehicle” broadly. You can claim a tax deduction for a charitable donation of the following types of vehicles:[10]
boat
airplane
any vehicle manufactured primarily to be used on roads, highways, and public streets



3
Calculate how much you can deduct. Take out your acknowledgement letter or Form 1098-C from the charity. Find out what the charity did with the vehicle. This will determine how much you can deduct from your taxes:[11]
If the charity sold the car for $500 or less, then you can claim either the fair market value or $500, whichever is lower.
If the charity sold the vehicle for more than $500, then you can only claim the amount sold.
If the charity uses the vehicle (and doesn’t sell it), then you can claim the fair market value of the vehicle.
If the charity gives the vehicle to a needy person, or sells it for an amount substantially below the market value, then you can claim fair market value.
If the charity makes a “material improvement,” then you can claim fair market value. A material improvement is not a minor repair like cleaning or routine maintenance. Instead, it is a major repair, like replacing an engine.


4
Find the vehicle’s fair market value. Fair market value is generally the amount the car would sell for in an arms-length transaction between strangers. You can determine this value by using a pricing guide, such as Kelley Blue Book or NADA.
You must find the value for a car of the same make, model, year, condition, and similar options or accessories.[12]
The amount you claim as fair market value cannot exceed the amount listed in the pricing guide for a private-party sale.
As of 2016, the standard deduction is $6,300 for individuals, $9,300 for head of households, and $12,600 for married couples filing jointly.[13]
The amount you can deduct for your car may be less than what you could get with a standard deduction. For example, if the charity sells the car for $1,000, then this is less than your standard deduction.
However, you might be able to itemize other deductions, such as donations to other charities, which together will total more than the standard deduction.


5
Complete required paperwork. You will need to attach your acknowledgement letter to your tax returns if you claim more than $500. You will also need to complete certain forms:[14]
Complete Section A of Form 8283 if you are claiming more than $500 but less than $5,000.
Complete Section B of Form 8283 if you are claiming more than $5,000. You will also need to include your appraisal unless the car was sold.


6
Sell the vehicle yourself. You can also sell the vehicle and then donate the proceeds to the charity. You can also claim the proceeds as a tax write-off. Selling the car yourself would be an attractive option if you want to maximize the amount that you get for the vehicle.[15]
See Sell Your Used Car for more information.
After you donate the money, make sure that you get an acknowledgment from the charity, which should include the charity’s name, the date of contribution, and the amount given.

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Monday, January 22, 2018   by Aapanu Gujarat ·   1