The act of donating a car to charity is one of the most rewarding things you can do. When you donate your car, you do more than just support a charity. You actually help to improve someone's life. To help a needy person, please donate a car to one of these respected charities in California.
Established in 1946 in Davis, California, Freedom From Hunger has been fighting chronic hunger and poverty in the world through innovative programs designed to help families achieve long term food security. Their programs are serving over 18 million people in some of the poorest countries in the world. They are both nongovernmental and nonsectarian and they have been given an A- rating from the American Institute of Philanthropy.
Teach for America works to ensure that children in low income areas get an excellent education. Less than half of the children in California are on grade level for reading and math, and it ranks 48th in academic performance. In the Bay Area, Teach for America has been providing great education for over 10 years. In Los Angeles, they have operating since 1990. Teach for America works to recruit leaders who work to expand educational opportunities in low income areas and then teach for two years in those areas.
The Guthy Jackson Charitable Foundation is dedicated to the treatment and a cure for neuromyelitis optica. NMO is a very rare disease that can affect the optic nerve and spinal cord. People with this horrible disease can develop vision loss, or weakness, numbness, and sometimes paralysis of the arms and legs along with sensory disturbances and loss bladder and bowel control. Although there are some treatments available a lot more research is needed to find better ones and a cure.
A Home Away From Homelessness is dedicated to supporting and nurturing the needs of homeless and formerly homeless children and families in San Francisco and Marin. Their homes provide a physical, emotional and spiritual break for children along with educational, social and recreational opportunities.
Family Builders believes that every child has the right to grow up in a permanent, nurturing family regardless of the child's age, race, ethnicity, gender, religion, sexual orientation, or medical, physical or emotional condition. Family Builders educates the community about the needs of waiting children, advocates on their behalf and places the children with permanent, secure families through adoption.
The car donation process is easy and the pickup is free. You can donate your car even it no longer runs or is in poor shape. You just need to have a title for your car and it needs to be where the tow truck can easily get to it. In return for your car donation, you will get a valuable tax deduction and a sense of pride knowing you have done a really good thing. For complete details on how to donate car, please call 1-866-4483487.
Karen Campese is the Co-founder and CEO of Cars4Charities, a not for profit car donation center. They have over 1,000 respected charities that you can donate car to. When you donate your car [http://www.cars4charities.org/], you get a tax deduction and help a good cause.
Article Source: http://EzineArticles.com/6592084
Donating a car to charity is a great act of kindness that you can give to people less fortunate than yourself. You can also get a nice tax deduction when you donate a car and you will gain satisfaction in knowing that you have made a difference to someone in need. To get the best return for your charity and to keep your tax deduction there are a few simple rules to follow so that everyone wins with your charity car donation.
First thing to consider before donating a car is which charitable organization would you like to benefit from probably the biggest donation that you will make in your lifetime. These days there are many car donation charities across the country that accept donated vehicles. You should take a little time and thought as to which charitable cause you really believe in and can see your donation making a real difference to those in need.
You need to make sure that the charitable cause you are considering donating to is qualified with the IRS as an approved 501(c)(3) non-profit organization. This is to ensure that you will receive your tax deduction without a hitch. The charity concerned may inform you that they are IRS approved. You should always do your own due diligence and check that what they say is correct by checking out the IRS Publication 78 list of qualified charities.
You will need to obtain an acknowledgement receipt from the charity concerned within 30 days of the sale of the vehicle, stating the gross sale proceeds received at auction. If however the charity decides to use the car in their daily business or materially improve the car, they must confirm to you this intended use within 30 days of your donation. You would then use the fair market value for donating a car tax deduction purposes.
Record keeping and tax filing requirements when donating a car
If your vehicle is sold for more than $500, or is valued at greater than this amount if the charity uses it in their daily activities. You will need to fill in IRS form 8283 on your tax return. If the vehicle gross sale amounts to more than $500, but less than $5000, you would then fill in section A of the form. Any vehicle donated with a value over $5,000 or sold for greater than this amount will need Section B of the form to be filled in. You would also need an independent written appraisal of the vehicle value if the charity is to use the vehicle themselves. If the car donation is sold by the charity, then you would need the signature of an authorized charity worker and attach this to your tax return form.
You may decide to obtain the services of an intermediary for-profit organization for your donation. If you take this route you will need to be aware and research the percentage cut of the sale proceeds that the organization takes for their admin costs. Some of these middlemen are reasonable with the sale percentage that they keep from the charity concerned. These organizations will either split the percentage between themselves and the charity, or they may just give a set amount to the charity regardless of the sale price of the vehicle. Thus keeping the majority of the sale price for themselves. So you should keep this in mind if your vehicle is valued at more than a few hundred dollars, you may wish to deal with the middleman who only takes a percentage, rather than the flat fee to charity entities. Percentage taken between these organizations varies widely, so it is a good idea to shop around for a company that offers a reasonable percentage that will benefit your favorite cause.
Another important point when donating a car is to remember not to leave the ownership details blank on the car transfer paperwork. Some charities prefer you to leave the ownership details blank to save them time when it comes to selling the vehicle. This can leave you open to risk of parking and speeding fines, or worse in the future if the new owner fails to register the vehicle in their own name. You would be held responsible for any problems that the new owner caused with the vehicle.
When donating a car to your favorite charity, your vehicle can help improve the life of someone or family in need, while at the same time giving you a nice tax break. If you do just a little background research before donating your car, you will have peace of mind that your charity has got the most benefit from your generosity. Just remember to keep your paperwork handy for tax return day!
You can find guidance on the important tax rules to follow to ensure you get the full tax break for your car donation by following the tips on the following page car donation tax deduction [http://www.donateyourcarguide.com/car-donation-tax-deduction/]
Further information on finding the right charity for your car donation can be found on the website here: donate your car [http://www.donateyourcarguide.com/]
Article Source: http://EzineArticles.com/6616821
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