subject: Raising Funds Via Car Donations [print this page] Any item can be donated to charities to raise funds. These could be house-hold items, computer accessories, liquor bottles, electronics, clothes etc. Some of the items fetch considerable money. One of the popular items, which can raise lot of money, is the car. The car donations are quite popular and very beneficial to the cause of fund raising. The raised money can be used for various causes.
It is in the interest of the donor and everyone involved that the auctioned item fetches maximum price. The benefits of donation are known to all. The money generated from the donation is directed towards people, organizations, community. This provides help to all those, who need. There are many people who find it very hard to make both ends meet. The money raised can be used to help them, the way it is needed.
There are certain associated profits, if the donations are made for charities. All types of contributions are tax-deductible. This offers motivation to the contributors, and helps them raise funds for various grounds. In addition, there are benefits and certain advantages. One of them is that the capital tax gain can be avoided.
The make, model, year and other features may make the vehicle worth more for charity, rather than selling. Also, repairing old car might be expensive, and not worth keeping it.
You might need to follow certain guidelines and rules, when donating a vehicle. The donation form needs to be filled up. This can be done on-line. You should try to include as much information as possible on the item donated. This form shows the intent of donating, and the charity is expected to respond as early as possible. This opens up an opportunity for both the parties, to examine the options, in terms of day, time etc. Then the suitable time and day can be decided for collecting the vehicle and sending it to the auction house. The auction house, then assess the item. The relevant documentation is then prepared for the auction to go ahead. The final step is to send the receipt to the donor after the auction.
The communities thrive on their members, who are generous, big- hearted and contribute to the welfare of the society. This reflects the liberal, open-hearted attitude of the people towards those, who are in need.
Car donations help to generate hefty funds and give opportunity to charities to help many in need. The donations should be accounted for the purpose, they were donated for.
