A lot of non governmental agencies benefit from donations and manage to run their daily activities using things people donate to them. If you have decided to donate your car, the following article will give you several tips that can simplify the entire process a lot.
A simple internet search will reveal several websites where you can find out more about this matter and even enroll your donation, be it a car or whatever else. Still, the very first thing to do is decide who the beneficiary will be. Once you have decided this, you will need to fill a donation form; you will then be contacted (usually by phone) and you will receive further information. After your car is picked, it will be sold and the money will go to the beneficiary that you have chosen.
A wise piece of advice would be to ask the intermediary organization about the commission they take; you will probably want to search for another middleman in case that you find out they are keeping up to 90% of the sum they get from selling your vehicle. An alternative would be to directly talk to the charity you have in mind and demand if they accept car donations; nevertheless, if you find out that they cannot accept such donations directly, do your research until you find a reputable organization that can take care of the job.
You can read more about charity track records on the Better Business Bureau website and also using Charity Navigator’s system. During the past ten years, Charity Navigator has helped donors find relevant details regarding the activity of different organizations, and thus millions of donors have made their donations safely.
If you decide to donate your car, you can qualify for a deduction. However, in order to benefit from the tax deduction, you will need to be sure that the charity that gets the donation is an IRS approved organization. You can search the IRS site to see what the charities that qualify are.
When you have found the charity that needs your donation, deliver the car yourself. Do not expect for them to send someone over to pick the car; if you take the time to deliver the car, the good deed will be complete indeed! Still, before saying good bye to the car, make sure you have re titled the car to the charity. You surely do not want to be asked to pay tickets or diverse other fees after you have donated the car, so make sure you take care of this aspect before you handle the car.
If the car you donate is worth more than 500 USD, the IRS will demand to see the evidence of how much the charity has gotten for it. As many charities sell the things that they receive, the charity that has gotten your car will give you a receipt with the sum of money written on it. On the other hand, if the charity keeps your car and starts using it, you will not need this evidence, of course; in such a case you can simply report its market value. You can easily get assistance with this by doing another simple internet search.
You should keep a file with all related papers so that you could show them to the IRS authorities anytime. Depending on the value of your donation, there are different sets of documents that need to be filled in.
George Pirvu, the author of this article, is a blog writer for Thrifty Car Rental Bucharest, a European car hire agency that represents Dollar Thrifty in Romania.