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Showing posts from November, 2018

Are you donating a car to charity? Proceed with caution

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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 ...

Check Your Car Donation Value

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Check Your Car Donation Value For your easy reference and to help you decide if donating a car is right for you please visit these one of these sites to find the value of your car, boat, RV or motorcycle. Kelly Blue Book: Find the official Kelly Blue Book value for your car, SUV, van or truck. NADA Appraisal Guides: Used vehicle pricing and information for automobiles, classic cars, motorcycles, boats, recreational vehicles, aircraft and manufactured housing. Edmunds: Edmunds provides pricing for new and used vehicles based on your zip code location. Auto Classified Ads : Cars.com Cars.com is your online source to buy new and used cars. Sell your used car, or research car prices, reviews and more. AutoTrader Visit AutoTrader.com to find listings and information on hundreds of thousands of used cars: location, pricing, & auto classifieds. Check Your Car Donation Value For your easy reference and to help you decide if donating a car is ...

How To Donate a Car In California

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How To Donate a Car In California ? Are you ready to donate a car in California? If so, good for you! Donating a car to charity is a wonderful decision on many levels. First of all, your donation goes to help a great cause. Plus, you get your old vehicle or junk car moved off of your property free of charge. You are also recycling an old vehicle, and you also get to claim the car donation as a tax deduction. In this post you'll find some tips on how to donate a car in California and some specific requirements you should be aware of that relate to California car donations.  1. To donate a car in California , you begin by submitting an online car donation form or calling the charity you wish donate your vehicle to. If you wish to claim the car donation as a tax deduction, be sure to check that the charity is an IRS recognized nonprofit organization. 2. The process for receiving the tax receipt for your charitable donation may vary. Some charities will em...

CAR DONATION TAX LAWS

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CAR DONATION TAX LAWS WHAT YOU NEED TO KNOW ABOUT THE CURRENT TAX LAWS GOVERNING VEHICLE DONATIONS. On October 22, 2004 President Bush signed the JOBS bill (HR 4520) into law. Section 731 of this law placed new restrictions on car donations to charity. If you are planning to donate a car, it is important to note these changes to the tax law that went into effect on January 1st, 2005 to make sure that you will receive the tax benefits that you expect from your car donation. TITLE VIII: Revenue Provisions - (Sec. 884) Title VIII revised the rules for claiming tax deductions for charitable donations of motor vehicles, boats, and airplanes valued over $500. It limits the allowable amount of such deductions to the gross proceeds received by the donee charitable organization from the sale of the donated vehicle. The new Provision requires the donee organization to provide donors with a written acknowledgment of the contribution within 30 days of the donation. Ti...

Memorial Day Feature: Car Donations for Veterans

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Memorial Day Feature: Car Donations for Veterans Car Donations for Veterans is a meaningful way to support military and veteran related charities with a tax deduction eligible contribution. This Memorial Day we are doing a special feature on car donations for veterans. This national holiday is a time where we all take a chance to honor the active and retired military members who serve our country. When donating a car there are many different car donation programs to choose from but we would like to highlight our veteran and military related charities that you can donate a car to. Take a look at some of the comments and support that some of our amazing donors have to say about their car donation process and why they chose to donate cars to veteran organizations. Fairhaven, MA – “Donation seemed to be the best thing to do with the car, and I’ve always had the utmost respect for our country’s veterans. I try to give back to them wherever I can.” Mount Prospect,...

Concern Worldwide U.S. Car Donation Program

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Concern Worldwide U.S. Car Donation Program We are happy to announce a new car donation program through Concern Worldwide, U.S. Concern Worldwide is dedicated to ending poverty and hunger in the world’s poorest countries. An international group that strives to promote human welfare, Concerns main values are health, hunger, and humanitarian response in emergencies. Concern was started in Ireland by John and Kay O’Loughlin-Kennedy in 1968. Concern has spread worldwide with more than 3, 200 staff from 50 countries, and operates in 26 of the world’s poorest countries, headquartered in New York City and Chicago, Illinois in the U.S. By donating your car to charity through Concern Worldwide’s vehicle donation program, your generous support will help the poorest people in 26 of the world’s least developed countries. In 2016, 92% of Concern’s expenditure was used for programs such as buying clean water for a whole village, helped furnish a classroom for 90 people, providing family ...

American Liver Foundation Car Donation Program

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American Liver Foundation Car Donation Program We are happy to introduce the American Liver Foundation who is now working with Car Donation Wizard to provide another way to donate your car and make you eligible for a tax deduction.  Liver disease is among the ten major causes of death in America with over 30 million people living in the US affected by the disease, over 5.5 million people are living with chronic liver disease or cirrhosis, and approximately 20-30% of adults and 3-10% of children have non-alcoholic fatty liver disease (NAFLD). The American Liver Foundation strives to make a difference in the fight against liver disease by providing financial support that provides research, education, advocacy, corporate partnerships, and their nationwide network of offices. Money raised through car donations is one way the American Liver Foundation can continue their fabulous work. The American Liver Foundation car donation program, “Drive Away Liver Disease,...

Qualifying for a Tax Deduction

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Qualifying for a Tax Deduction, You can deduct contributions to charity only if you itemize deductions on your Schedule A of Form 1040. You must take into account certain limitations on charitable contribution deductions. For example, your deduction cannot exceed 50% of your adjusted gross income.  Other limitations may apply. Publication 526, Charitable Contributions, provides detailed information on claiming deductions and the deduction limits. It also describes the types of organizations that are qualified to receive tax-deductible contributions. Publication 526 is available online at www.irs.gov or by calling (800) 829-3676 (toll-free).

Supplement Re: Donations of Personal Property Vehicle Donation

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Supplement Re: Donations of Personal Property Vehicle Donation In California, the solicitation of vehicle donations to charity has increased during recent years. These solicitations result primarily in the donation of automobiles, and are administered both by charities in-house and by commercial fundraisers who contract with charities to solicit on their behalf. Eleven (11) commercial fundraisers who solicit vehicle donations were registered with the Attorney General's Registry of Charitable Trusts s in 1996. According to the financial statements filed by these fundraisers, such donations resulted in approximately $11.1 million in gross proceeds. About 19% of that amount, or $2.1 million, was distributed to the charities. The remaining 80% was retained by the fundraisers for payment of expenses and fees. These results are shown in Table #3, pdf. The vehicle donation process usually begins when a donor responds to an advertising campaign. In the initial phone...