Charitable car donations,Hibah Mobil dari Luar Negeri

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Car donation

By Mindy Fetterman,

A change in the tax law last year that made donating a vehicle for charity less attractive for taxpayers has had mixed results for charities that take cars.

Some are reporting little or no change in the number or value of cars donated for a tax deduction. Others say the changes have hurt their fundraising efforts.

"It's not a pretty picture," said Ron Field, vice president of Volunteers of America. The charity gets more than $10 million a year from the sales of donated cars.

The number of cars donated to VOA this year is off 46% from a year ago, and their estimated value is off 40% to 50%. "We're getting hit on both sides," he said.

Goodwill Industries hasn't yet calculated the effects of the law nationwide. But its Pittsburgh operation reports donations have fallen 35% in the first seven weeks of 2005 compared with a year ago.

Donate For Charity, a for-profit firm in San Ramon, Calif., that handles car auctions for 125 charities, says the number of cars being donated is down 10% year to year.

Yet the National Kidney Foundation has seen a 7% increase in the number of cars donated and no change in the quality of cars.

"We were hoping for the best, and that's what we've gotten," said Julia Anderson, director of the foundation's car-donation program.

As of Jan. 1, the deduction a taxpayer can claim for cars donated for charity is limited to the amount for which the car sells at auction. Previously, taxpayers could deduct what they could document as the "fair market value." Because cars often sell for much less at auction than owners think they're worth, deductions will be much less this year.

Charities must notify a taxpayer of the amount the car sold for before a deduction can be taken, unless the car is worth less than $500. An exception is if you donate to a charity that is going to use the car and not sell it. Then you can deduct the "fair market value."

That's not just the Kelley Blue Book value. Check IRS Publication 526, Charitable Contributions, and IRS Publication 561, Determining the Value of Donated Property, for instructions.

Charities feared lower deductions would scare people away. It has, and it hasn't.

"I was concerned, but our numbers are pretty good," said John Bierholm, chief operating officer of Donate For Charity. The average value of cars it has auctioned in 2005 is $950 vs. $800 a year ago.

car donation for everyone

Car Donation,Mobil Hibah dari Luar Negeri

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Thanks to the generous support from people like you, we have processed over 1,000,000 car donations for over a thousand charities since 1992 - making us America's #1 choice for donating your car!



Are you thinking of selling or trading in that old car, boat or RV? Why not donate it instead? As a charitable contribution your donation could make a big difference. In this easy-to-use site you can research hundreds of respected charities, find answers to frequently asked questions and complete a simple online donation form. Or, if you prefer to speak with a representative, please feel free to call us toll-free seven days a week at 1-800-237-5714 to start our no-hassle car donation process.



We will make arrangements to conveniently and quickly pick-up your vehicle donation at no cost to you. We handle the title transfer requirements and provide you with a tax deductible donation receipt at the time of pick-up!



Have any questions that aren't answered on our frequently asked questions page? Call us toll-free seven days a week at 1-800-237-5714. One of our friendly customer service representatives would be happy to answer all of your questions. To get your car donation rolling now.