Charities Must Disclose How They Use Car Donations

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Policies for Accepting Vehicle Donations and other Car Donation topics.

Does the charity need to let me know how they will use my car donation?

Charities Must Disclose How They Use Car Donations

Donors are entitled to claim fair market value on donated vehicles, if charities plan to keep and use the car for charitable work. But donors will need to get documentation from the charities on how they will use the donated vehicles. In order to claim a tax deduction, donors will need:
* A written statement from the charity on how it will use the vehicle. The charity also needs to estimate in writing how long it expects to use the donated car.
* A certified statement from the charity that it will not sell the vehicle before the length of time ends on its intended use for the car.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Car Donation Tip Site? Request a Tip Now!

Guru Spotlight
George Sayour