Aside from giving cash to your favorite charity, you
can also donate your old car to a non-profit organization, regardless of the condition
of the vehicle. Turning to this method of helping the needy is beneficial for
both charities and donors as this offers an alternative source of funds as well
as a legal way to claim tax credits.
Donating old cars to charitable institutions
and non-profits is easy! All the potential donors need to do is contact IRS-qualified
charity or charity partner regarding their intent to donate a used automobile as
an altruistic gesture. Charitable institutions or their representatives can then
set a schedule for the car to be picked up from anywhere in the country.
This alternative method of donating to philanthropy is
worthwhile because donors get to enjoy two advantages in giving their old cars
away for the benefit of the needy. One of these benefits is the solace that these
car owners feel when they know that their old vehicles still have an important
purpose to serve. The second advantage is that car donors can get tax credit
for their contributions; this can then be used in claiming deductions from
taxable income.
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