When an unwanted car is donated to a 501(c)(3) nonprofit organization, it not only benefits the organization, it benefits the donor as well because they are able to earn some extra money by claiming the car as a tax deduction. Even though there are benefits on both ends of a car donation, there are a few things to think about before making a donation.
If a donated car is worth more than $500, donors are able to claim the amount that the organization sold it for on their tax return. If the car is worth less than $500, the donor is able to claim $500 on their tax return. Any car that is donated to a 501 (c)(3) nonprofit charity helps support the organization by funding the organization. It is important to note that the organization accepting vehicle donations should be a reputable 501 (c)(3) charity.
Rawhide is a 501 (c)(3) nonprofit organization located in Northeast Wisconsin that has been successfully helping at risk youth and families for nearly 50 years with the help of generous donations. Rawhide is always in need of donations and appreciates any donation made to support their mission in helping at risk youth. Eighty-three percent of operating expenses support youth programs at Rawhide. The vehicle donation program at Rawhide accepts vehicles running or non-running. This includes trucks, motorcycles, RV’s, snowmobiles and boats. Donating a vehicle to Rawhide is simple because the staff is helpful and friendly. The vehicle donation program also offers the option of having a vehicle picked up at a local drop off site, or at the donor’s home. Local drop off locations help make donations convenient and stress free for donors. Rawhide has over three hundred drop off locations across the state of Wisconsin and accepts donations nationwide.
For more information on Rawhide, their Vehicle Donation Program and tax deductions from donated vehicles, visit their website at http://rawhide.org