Donate a Car to Charity - April 6th, 2007
It’s nearing Tax Day, and you’ve got an old car you keep meaning to fix up and sell, but deep down, you know it’ll never happen. So what do you do? Well, one possibility is to donate your car to charity. Several charities throughout the US accept cars as donations, which they then repair and sell, putting the funds earned back into the charity, but a company in California will save you some legwork.
You Auto Donate is sort of a clearing house for donated cars. First, visit their website, where you can find information on policies and procedures, as well as answers to frequently asked questions like, “Does the car I donate need to be in working order?” (Answer: No, but they won’t take cars that are over 15 years old, and if it doesn’t run, they have to be able to recoup the repair fees plus the towing fee and still make a profit.)
In order to make things easier for donors, You Auto Donate has a list of charities you can select from, all of which are 503(c) registrants, which means donations are tax deductible. (Check your local tax regulations to be certain though.) You can select one from a drop-down list, fill in a form, and arrange for a pickup.
In a few days your old car will be retrieved, and you’ll have a receipt you can use for tax purposes, as well as the knowledge that you’ve helped the charity of your choice earn some needed money.
Posted on April 6th, 2007 by QueenMab
Filed under: public service |
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