Are you donating a car to charity? Proceed with caution
Are you donating a car to charity? Proceed with caution Vetmade Industries has a vaunted mission: To return disabled warriors to the workforce. It boasts that “93 percent of funds go directly to the cause of helping our heroes.” Well-meaning folks donated cars worth more than $2 million to Tampa-based Vetmade in 2015 – but only $91,348 made it to the charity, according to data from the California Attorney General. That’s 4.5 percent. What happened to the overwhelming bulk of that money? About $1.9 million – 95.5 percent of revenues – was spent by a company called Just Donated Inc. in Orange, which specializes in “promoting your cause and generating a steady flow of vehicle donations,” according to its online pitch. Vehicle donations are one of the most costly ways to give in all of philanthropy, those in the industry say. They’re complicated and time-intensive, often requiring extensive advertising, expensive towing, mechanical repairs, storage, paperwork and ...