How to Find a Charities that Accept Car Donations Directly 2018 – Donation is a noble act that more and more people start to be aware of. Celebrities, millionaire, even common people realize how donation and charity can make a great change for people. Do you know? Charity and donation is not merely giving your money—you can give anything you have as long as it can be useful for other people. One thing that is quite popular for donation is vehicle or car.
Table of Contents
- 1 How to Find a Charities that Accept Car Donations Directly 2018
- 1.1 How to Find a Charities That Accept Car Donations Directly 2018 Near You
- 1.2 How Car Donation Brings Advantages
- 1.3 Share this:
- 1.4 Related posts:
How to Find a Charities that Accept Car Donations Directly 2018
How to find a charities that accept car donations? Recently, donating a car is just as popular as the other things such as money, clothes, and food. However, it requires a little bit further step to donate a car lawfully.
How to Find a Charities That Accept Car Donations Directly 2018 Near You
Before going deeper, you should know how car donation goes. Donating a car is considered more complicated than selling it. Aside from finding the right place to donate, you should also know the tax deduction. Once you decide to donate a car and contact the organization, your vehicle will be registered for auction.
This is where they convert your car into cash money. Right after the car is sold, you will be granted a tax deduction which is equal to the bid price. The rest of money will be donated for charity.
That is how car donation actually works. Because it takes complicated steps, some people decide to just give the car to people in need. The car can be an instrument to achieve a better life for the needy to get out of poverty.
In some states in the U.S., there are some organizations which are designed to help families who need a car. The program is aimed at improving life quality as well as income through car donation. How to find a charities car donations directly in the states is actually easy because it spreads through Washington, Virginia, and Maryland.
How can a car improve family’s life quality? Technically, people who live under poverty line do not have access to the world. It seems like they are imprisoned in wherever they are due to vehicle absence.
By giving vehicle, they can gain better economic growth since family members can access better job. It has been proven by 15,000 people’s lives have been improved since they accept car donations.
After knowing the importance of car donations, now you can figure out how to find a charities that accept car donations directly 2018. You cannot choose random organizations when it comes to charity. It is necessary to find more information related to the track record and whether the organization is legit or not. Furthermore, you also need to find one that can maximize your charity.
Choose nonprofit organization
Whenever you decide to donate a car directly, find nonprofit organization if possible. It is necessary to avoid for-profit organization that boasts too much about car donation. When choosing nonprofit organization, you need make sure the transaction is trustworthy and you can ensure the profit will be allocated for charity.
How to get that much information? This is how you need to keep updated by reading review or testimony, asking for family and friends, and asking the organization directly.
Choose 501 (c) (3) organization
When looking for credible organization for car donation and charity, this is an important thing to take into account. Even if certain organizations claim themselves as nonprofit, donations to organization with 501 (c) (4) is not recommended.
The code refers to an organization that is not tax-deductible. It is more into political organizations which have permission to lobby the government. They probably work with Disabled American Veterans or other government organization. Instead, you need to make sure the organization has 501 (c) (3) status of public charity. This is what you should know of how to find a charities that accept car donations directly 2018.
Transfer the car correctly
This is another important thing to consider when you are going to donate a car to charity. Some charities are going to ask you to let the assignment of ownership on the charity paper blank. If the organization asks you this, it is strongly recommended to find other charity.
Whenever you don’t sign the car over designated nonprofit, the chance is you will be responsible for parking tickets. At worse, you will be responsible for any crime committed using your car. This is why knowing how to find a charities that accept car donations directly 2018 the right way is necessary.
You need to be careful for this part. Whenever you donate a car, it does not mean the charity is going to use the car for their need. Instead, they will sell the car as quickly as possible and put the money to charity in your name. When the vehicle is brought to the auction and somebody buys it then register the car, it means the car is still yours according to law.
Consider Fair Market Value
When bringing your vehicle to charity, Fair Market Value (FMV) is another thing to take into account. There are several exceptions that allow you to use NADA guide or Kelley Blue Book, but FMV is a must.
Which conditions should the FMV used? First, the charity keeps and uses the vehicle instead of selling it. Second, any improvements made by the charity before selling makes FMV are also a must. When your car is sold at discount price for people with low income, or the car is worth no higher than $500, FMV must be used.
Complete the paperwork
Donating a vehicle means you do non-cash donations. It commonly triggers IRS audits; therefore you need to complete the documents of car charity. To be exact, you need to obtain written acknowledgement from the organization you choose when the car is valued more than $250.
Or else, you have to complete section A of IRS form when the car is valued over $500. If the car is valued more than $5,000, it is a must to have independent appraisal as well as fill the section B form from IRS.
How Car Donation Brings Advantages
You already figure out how to find a charities that accept car donations directly 2018. Shall you find reliable organizations or charity, you should go for it. There are actually many advantages that you can get from donating a vehicle. Despite of the long and complicated process, it is worth your effort. Here are few among many advantages of car donation:
Improve life quality of the needy
Most people who live under poverty line do not have chance to get better access for better life. While they do not have accommodation to find a job, they will end up getting a job around the neighborhood even though it is not appropriate.
It will be a different story if they have car that helps them access further workplace. Not to mention the car also gives better access to health care and attend social activities. In shorter words, the vehicle helps improve the quality of their life.
Some people send their old cars to junkyards. The chance is the old car will get rusty and turn into junk, which means it will not be useful anymore. In fact, some of them are still good and functional. Why don’t do some noble acts by donating your old car to charity? There are many people out there who will happily receive your car and make it their life-saver.This is what you should think whenever you get bored with the old car.
Rather than sending to junkyard, you better call a charity and make it useful for others. Find the trustworthy organization by knowing how to find a charities that accept car donations directly 2018 above.
Help donor sell the car
In case you find it is hard to sell a car, charity will be ready to help you out. This is another advantage that you will get from car donation. While many buyers tend to haggle down the car under fair market value, donation can make everything easier.
Habitat For Humanity Car Donation
The charity will sell the car through auction; so you can get rid of the old car easily and quickly. Even if your car is worth under $500, the FMV will give advantages for you. Therefore, it is necessary to find nonprofit charities that will claim the charity as tax deduction.
What are you waiting for? Aside from the noble deed, car donation is a solution to get rid of unwanted car as well as help people at the same time. You will be free from painful car selling and other people will get a better life because of having a new vehicle.
To get the best of it, you should know how to find a charities that accept car donations directly 2018 and make the world a better place to live.