Charitable Giving Information

Archive for the ‘Donations’ Category

Car Donations Nj

Question: Looking for a donation car in South NJ?

I have searched “car donation nj” amoungst other keywords relevant but im only seeing site that are asking for donations. I am looking for a program that would donate a car to me. I’m with children in a low-income bracket stuck in a catch 22. Need a car to work, need to work to get a car. Anyone know of active charities and or sites i can try? ty

Answer: Try the Salvation Army. I know they accept cars as donations, but I don't know the criteria for how they distribute them.

Good luck.

Car Donation In New Jersey

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Donations As Wedding Favors

Question: As a wedding favor, is this tacky?

My dad passed away 5 years ago from cardiac arrest/heart failure. I’ve been active with the American Heart association ever since he was diagnosed with heart disease. My boyfriends father passed away 10 years ago from a heart attack. At our upcoming wedding, in lieu of favors, I’d like to make a charitable donation to the AHA in each of our guests names. It’s just a small way of remember our dads on such a special day. My fh thinks this isn’t at all appropriate and thinks we should stick to something more traditional like candles or something. What do you think?

Answer: Making a donation in lieu of favors is completely acceptable. However, don't make donations in your guests' names. Some of them may not want to be associated with that organization (you just never know).

So make it in your own name, but in memory in your father & put that on cards to put on the tables.

You could put something like:
As we begin our new lives surrounded by loved ones, we cannot help but think of our family members that cannot be here.
In lieu of favors, a donation to the American Heart Association has been made in loving memory of __________, father of the bride.
Thank-you for being a part of our special day.

Nontraditional Registry Options

Car Donations Salvation Army Ma

If you’re thinking about donating a car to a charity you may want to keep the following tips in mind. A car donation tax deduction can benefit not only you and the charity but a person in need also.

Charities have the option of using donated vehicles for their own use, for providing transportation for volunteers or for charity-related activities such as picking up supplies etc. But more often they will already have enough vehicles and they will sell the auto, truck, RV, airplane or other vehicle from their car lot or through dealers to raise funds for their charity. If the charity uses a dealer they’ve contracted with, the charity may only receive $50 or less from the dealer when the vehicle is sold.

Changes in the laws limit the amount the donor can receive for a used car donation to the actual price that the charity sells the car or truck for.

If the charity or car donation program is not familiar to you, you may want to make sure the charity is eligible from the IRS to receive tax deductible contributions. Request a copy of the charity’s letter of determination from the IRS. This letter verifies the charity’s tax exempt status.

Make sure that the charity or car donation center gives you an itemized detailed receipt for your car donation. Keep it in a safe place and file it with your tax return. Non-cash donations can be an unwanted red flag for an IRS audit so make sure you document the value of the car and keep good detailed records.

If you discover that your old used car is worth more than $500 then you as the donor must fill out Section A of the IRS Form 8283 and file it with your income tax return. Make sure you get a written acknowledgement along with the receipt from the charity because you’ll be required to do so.

If the charity turns around and sells the car instead of using it for transportation then the charity must give the donor certification that the car was sold at what is called “arms length” between parties who are unrelated. And after the sale report the sale price of the car to you within at least 30 days. The donor’s car donation tax deduction will be only for the amount that the charity sold your car for. And if the charity doesn’t sell the car and elects to keep it, then it must give you, the donor, a written receipt for the vehicle within 30 days of the date of the sale.

The charitable car donation organization might also be required to provide certification to the donor showing how it plans to make use of or improve or repair the car or other vehicle and also that it promises it won’t sell or transfer the car to another person or company.

In the US, the federal government imposes penalties on charities that provide fraudulent acknowledgements or documentation to donors.

If the car, truck or vehicle you plan to donate is worth $5,000 or more, then an independent appraisal is required and you must fill out Section B of IRS Form 8283. You ma have to get advice from your CPA or accountant on how to handle this.

If you think or know your car or truck or other vehicle is worth less than $5,000, you can use the Kelley Blue Book or a little guide book from the National Auto Dealers Association (NADA) to figure out the market value. You can find these guides online or at your local public library. You must use the correct figures for the mileage, date and exact condition of your car – document this as much as possible. Choosing the highest figure listed in the guide for your car model and year without taking into consideration any of the other options and factors will not make the IRS very happy.

Take several current pictures of the car or truck and save all your vehicle receipts for new tires, repair work, or any necessary upgrades to help prove its value.

It’s important to remember, that you as the donor, not the charitable organization, are responsible for determining the value the car. It is you who will pay any penalties if the IRS challenges your figures through an audit.

There are many reputable lesser-known as well as the more well-known charities such as Target, Purple Heart, Kidney Foundation, Salvation Army and Goodwill Industries. Centers are located in every state including Massachusetts, California, Minnesota, New York, New Jersey, Michigan, Illinois, Connecticut etc. Some of the charities in some states seem more active in pursuing the donations than others and you’ll find more ads.

These are just a few of the best tips you should know about if you plan on donating a car, truck, RV, airplane, boat or other vehicle. Armed with these facts you can start to make an educated decision about whether you want to go ahead and donate a vehicle and get a nice car donation tax deduction.

About the Author:

For more tips on choosing the best charity car donation, car donation program, used car donation or charitable car donation online and offline go to http://www.Car-Donation-Info.com for charity and tax deduction tips, help, facts, reviews, including information on all types of car donation

Article Source: ArticlesBase.com – How To Turn Your Old Beat-Up Car Into A Car Donation Tax Deduction

Donations Pick Up

Though in the past it was common for car owners to donate their old car when buying new, today more and more car owners are choosing to donate their old cars to charity. As opposed to haggling with a dealership for a good ‘trade in’ value toward the new car, a car donation is an easy and quick process. Today more and more people are interested in reaching out and helping others and donating a car is an easy way for the car owner to feel that they have done their part in helping others. On the practical side, sometimes the auto donation exceeds the benefit of the sale of their used vehicle and so it’s a win win situation for everyone.

Hundreds of charities today are eagerly accepting car donations as a way to support the important and much needed work they do. These charities lean on car donations as a way to help adults and children who are less fortunate. Unfortunately, with the economy in dire straits, many charities have seen donations drop. If you’re considering donating your car to charity, know that you are giving worthy organizations desperately needed support.

Though you have probably seen many ads that talk about the benefit of donating your car to charity, if you have called only to be left hanging on the line by a recorded voice, call charitydispatch.com to donate your vehicle quickly and easily. When you call charitydispatch.com you will be greeted by a live operator. We have live operators standing by, waiting for your call 24 hours a day seven days a week. Not only will you not be left hanging, but you will be guided through the procedure of donating a vehicle by one of our trained staff members. Our staff will make donating your car a quick, easy and enjoyable experience and you will have the satisfaction of knowing that your car donation will be helping someone who desperately needs it.

Donations include cars, trucks, vans, boats, motorcycles and even airplanes, whether they are in running condition or not. Pick up of your donated vehicle is always free.

For even more convenience, you can save time by filling out an online vehicle donation form. Once you have filled out a simple one page online form, you will receive an email confirming that your online vehicle donation form has been received by charitydispatch.com. This email will also give you the direct number to the towing company so that you can make arrangements to get your donated vehicle picked up. Usually within one business day the towing company will call to arrange free p9ick-up of your donated vehicle at a day and time that is convenient for you.

Charitydispatch.com works with charities nationwide such as the American Red Cross, Feel Better Kids and Goodwill Industries. These charities depend on donations from people to fund the many services that they offer to the communities they work in. Your donated vehicle can make a difference in how much these charities can do to help improve the lives of the people who desperately need them.

About the Author:

Through our innovative technologies and programs National Charity Services streamlines charities vehicle donation programs helping them to maximize profitability. Our experience and dedicated staff give us the confident to say that National Charity Services is truly, “The Nations Leader in Charitable Logistics”.

Article Source: ArticlesBase.com – Donating Your Car Is Quick And Easy

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Donations To Non Profits

Question: Are In Kind Donations to a Non Profit Organization Tax Deductible?

Our company offers web design services. If we offer a website to a local non profit organization, can we write off our donation as tax deductible?

Thank you.

Answer: If your company offered a website and the labor to design it or host it, the costs of doing that are being deducted elsewhere on your company's return such as in wages. Your company does not get to deduct anything in addition to those costs. There is no additional write off for the FMV of what you have given.

Here is an IRS publication on point

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