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September 28, 2007, Newsletter Issue #75: Charities Have Their Own Costs in Car Donations
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Tip of the Week
Revenues from vehicle donations is a vital resource for charities. But the proceeds a charity gets from an automobile donation often is less than what the donor expects. Understand there are hidden costs that charities bear in offering automobile donation programs. The knowledge can help you in your decision to donate. Some charities enlist the services of an auction house to sell the vehicle donations for wholesale prices. The prices the charities get may not be what donors could have received by selling the vehicles through classified ads. Also, the charity may incur costs for processing the vehicle. These costs reduce the amount of money that is raised by car donations for charitable works.
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