How To Donate A Truck To Charity

If you are planning to donate a truck to charity for the purpose of an income tax

donation or because you do not find the time to sell it here are a few tips you should know.

You can first of all check with the local charities to see if they accept such truck donations. This applies even in the case of other vehicles such as a boat, RV, airplane, bike or other vehicle you wish to give away. Red Cross, Purple Heart, American Diabetes Association, Habitat for Humanity, Volunteers of America, Kidney Foundation and Goodwill are some of the charities that accept truck donations.Some charities can make use of these vehicles for the use of their organization to carry people or goods.

Others sell them and use the money for some other purpose within the organization. You can decide the type of charity you would like to offer your vehicle to. This can be done by taking up some research about the various charity organizations that accept truck donation.

You may have to follow the procedures of the particular charity before you donate a truck. Before committing to donate your vehicle you can also speak to the representative of the charity group on the toll-free phone numbers.

If you decide to donate a truck to a charitable organization, the process may be very simple. You may have to choose the organization to process a contribution after deciding on a particular charity. You may also be required to fill a form and then a towing company will pick up the vehicle along with the title.

The organization normally covers fees with respect to towing and others. You can also receive a receipt on the amount of money received by the charity group from the sale of the vehicle which can be utilized when your taxes are itemized.

Making use of the truck donations program, brokers can sell the truck on behalf of the charity also. However these people can keep at least 50 percent or more for themselves. Since many charity organizations are not equipped to handle donations they hire the brokers and gain from whatever amount they can make after disbursement of brokers commission.

The amount of profit that goes to the charity can be known by speaking to the broker directly. In order to accept the donation the charity must be a religious organization such as a temple, mosque or church or IRS-approved 501 9(c) (3). You can also drop the vehicle to the charity yourself which can save some money for the charity.

You can also avoid future legal problems by passing on the title of the vehicle to the charity and signing their name over it. You can also claim a charity tax donation in case the truck or any other vehicle has a value of more than $500. You can try and find out the vehicles fair market value before donating it for charity.

by: Hope Hanlon

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