Donation To Charity
Suppose you want to make a donation to charity but you don't have cash. But you do have donate car nj or even a boat that you aren't using and don't see yourself using in the foreseeable future. Most charities will accept donations of almost any kind of vehicle, from non-working cars to mobile homes, boats, heavy equipment, etc.
Why - because if they can't use the item, they can sell it and use the proceeds of the sale for their charitable work. A simple internet search will reveal quite a few of these organizations.
One such organization is called CarAngel. This organization provides aid to single mothers, orphans, the homeless, and rehab for adults and teens, and prison reform in this country and in countries around the world. They will accept donations of cars, trailers, RVs, trucks, heavy equipment and planes.
There are no costs to you the donor. They will send a tow truck to pick up the vehicle. They also sell them on EBay and used the proceeds for their charitable work. The amount of the sale price represents the amount of the tax deduction that you can take for the donated vehicle. Like other charities, CarAngel makes it as easy as possible for the donor. Potential donors can either call the organization or they can fill out a form on the internet.
There are pages and pages of these kinds of organizations. Junque for Jesus is another such organization in the Tucson area. This organization doesn't sell the cars that they receive as donations.
They accept the donation of cars and give them to needy families. If the car isn't running they will still accept it because they sponsor a mechanics school for just released convicts, teaching them a trade. The car will be fixed and donated to a needy family. In this kind of situation the donor can deduct the fair market value of the vehicle.
He can obtain this value from the Blue Book. Instead of the car ending up in the junkyard it a) provides vocational training for recently released convicts making the transition back to society and b) provides transportation for a needy family.
These are only two of the numerous charitable organizations that accept vehicles as donations. They each have a different approach that results in the different tax treatment of the donated vehicle. But the end result of either is money for charity.
Why - because if they can't use the item, they can sell it and use the proceeds of the sale for their charitable work. A simple internet search will reveal quite a few of these organizations.
One such organization is called CarAngel. This organization provides aid to single mothers, orphans, the homeless, and rehab for adults and teens, and prison reform in this country and in countries around the world. They will accept donations of cars, trailers, RVs, trucks, heavy equipment and planes.
There are no costs to you the donor. They will send a tow truck to pick up the vehicle. They also sell them on EBay and used the proceeds for their charitable work. The amount of the sale price represents the amount of the tax deduction that you can take for the donated vehicle. Like other charities, CarAngel makes it as easy as possible for the donor. Potential donors can either call the organization or they can fill out a form on the internet.
There are pages and pages of these kinds of organizations. Junque for Jesus is another such organization in the Tucson area. This organization doesn't sell the cars that they receive as donations.
They accept the donation of cars and give them to needy families. If the car isn't running they will still accept it because they sponsor a mechanics school for just released convicts, teaching them a trade. The car will be fixed and donated to a needy family. In this kind of situation the donor can deduct the fair market value of the vehicle.
He can obtain this value from the Blue Book. Instead of the car ending up in the junkyard it a) provides vocational training for recently released convicts making the transition back to society and b) provides transportation for a needy family.
These are only two of the numerous charitable organizations that accept vehicles as donations. They each have a different approach that results in the different tax treatment of the donated vehicle. But the end result of either is money for charity.