Showing posts with label Charity oversight. Show all posts
Showing posts with label Charity oversight. Show all posts

Friday, January 2, 2015

Donate a car with Car Donation Wizard

We proudly work with some of the most respected charity and nonprofit organizations in the world. We work hard to ensure that the maximum funds are raised from your vehicle donation, so that your contribution makes the most impact for your charity. Keep in mind, as an added benefit to you, your contribution may be eligible for a charitable tax deduction!
Donate a car

Types of Vehicle Donations Accepted:
We accept most cars, trucks, boats and personal watercraft, RVs and motorhomes, trailers, motorcycles, off-road vehicles and more!
Simply select the charity of your choice below to learn more about that program's purpose or to start your car donation now! To begin the process of donating a car, simply fill out our fast, easy vehicle donation form online or over the phone with one of our expert customer service staff members.

What makes us different?
In supporting only nonprofit organizations that use the proceeds of your vehicle donation to make the biggest difference in someone's life, Car Donation Wizard ensures that every dollar raised goes towards its intended cause. Keep in mind that while there are hundreds of thousands of organizations that accept car donations, there are none that return between 75 and 80% of the gross dollar from each car donation back to the charity like we do. Don't be fooled by organizations that return 50-70% of the net proceeds, trust only the best car donation program! Still looking for more information? Visit our donation tips, FAQ, or about us pages, or reach out to us by phone at (877) 957-2277 if you have questions about charity funding or returns.

Don't just make a donation; make a difference.
We take all types of vehicles, running, non-running, classics, lightly used and even the end of life vehicles. Did you know that automobile is the most heavily recycled consumer product? We work with a comprehensive network of nationwide, professional vehicle recyclers that can responsibly recycle your vehicle. Help turn your end of life vehicle donation into re-usable steel. For more information on recycling your car, visit our environment page. https://www.cardonationwizard.com/

Tuesday, December 30, 2014

Tips for Donating a Car to Charity

A charity that uses a donated vehicle for transportation or hauling goods obviously benefits directly from such a donation. However, in many cases donated cars will be sold en masse, either by the charity itself or by a dealer to raise funds for the charity. In the case of a dealer, the charity generally receives a flat fee per car, sometimes as little as $45 per car.
Car donations

Listed below are tips for donors who would like to donate a car to charity. Beware that the donor's tax deductions for car donations may be limited to the price at which the charity sold the car.

To receive the maximum tax deduction on your car donation, and to receive the satisfaction that the full value of the car benefits a charitable purpose, give it to a charity that will use the vehicle in its operations or will give it to a person in need. Otherwise, your tax deduction will not be based on the fair market value, but will be limited to the amount of money the charity receives from the sale of your car. If the charity you are donating to does sell the vehicle, ask what percentage of the proceeds they receive. See Car Donations: Taking Taxpayers for a Ride for more.

Car donations
Ask if the charity accepts car donations directly, without involving a third party. If possible, drive the vehicle to the charity instead of using a towing or pickup service. This will allow the charity to keep the full amount of any proceeds from selling the car.

Make sure the charity is eligible to receive tax deductible contributions. Ask for a copy for your records of the organization’s IRS letter of determination which verifies its tax exempt status.

Be sure that you get a receipt from the charity for your car donation.

Be aware that non-cash donations are one of the most common triggers to an audit by the IRS, so you’ll want to document the value of the car and keep records of it.

If the car is worth more than $500, the donor must complete Section A of IRS Form 8283 and attach it to their tax return. Donors are required to file with his/her tax return a written acknowledgement from the charity. If the charity sells the car, the charity must provide the donor with a certification that the car was sold at "arms length" between unrelated parties and the sale price of the car within 30 days. In this case, the donor's tax deductions will be limited to the total amount the charity sold the car for. If the charity does not sell the car, it must provide the donor with a receipt within 30 days of the contribution. The charity may also be required to provide certification to the donor stating how it plans to use or improve the car and stating that it promises not to sell or transfer the car. Penalties are imposed on charities that provide fraudulent acknowledgements to donors.

Car donations
If the car is worth $5,000 or more, an independent appraisal is necessary. The donor must also fill out Section B of IRS Form 8283. For cars worth less than $5,000, use the Kelley Blue Book, the Hearst Black Book, or a guide from the National Auto Dealers Association (NADA) to determine the market value. Make sure you use the correct figure for the date, mileage, and condition of your car. Picking the highest figure for your car model and year without taking into account other factors may not pass muster with the IRS.

Take pictures of the car and save receipts for new tires or other upgrades to verify its value.

Remember, it is the donor, not the charity, who is obligated to value the car and who will pay the penalties if an IRS challenge finds your figure inaccurate.

More: https://www.charitywatch.org/charitywatch-articles/tips-for-donating-a-car-to-charity/42