You see the pitches everywhere: Accord your car to charity! Help a acceptable cause, and get a abundant tax write-off at the aforementioned time! It’s a win-win for everyone!
Image Source: carsforprostatecancer.org
Sometimes, however, it’s the agent who wins the most.
Vehicle donations generated $23 actor in California aftermost year, but charities got beneath than bisected of that — 47.2 percent ($11 million), according to abstracts from the advocate general.
In Orange County, it was far worse.
A absolute of $2.9 actor was aloft through agent donations in 2010, but only $400,336 of it — a tiny 13.8 percent — absolutely went to bounded charities.
That’s abundantly because one alms — Breast Blight Solutions in Costa Mesa — aloft the acid majority ($2.64 million), and got alone a atom of the gain ($264,045).
Other bounded charities, while operating on a abate scale, did abundant better:
Image Source: cars2charities.org
(See dollar capacity on the 32 bounded charities that had agent donation programs in the archive at the actual end of this story.)
The key aberration amid accepting 68 percent, and accepting 10 percent, is in the arrangement anniversary alms active with the alfresco aggregation that candy its agent donations.
Anna Bell, controlling administrator of Breast Blight Solutions, told us this by email:
“BCS active a arrangement with MRE (Michael Reese Enterprises of Costa Mesa) several years ago and was accustomed MRE’s accepted contract, which is an boilerplate acknowledgment bulk of 10%. This allotment did not afflicted during the continuance our BCS’ and MRE’s association. MRE’s alcove in the car donation bazaar is processing a actual ample aggregate of low bulk vehicles, which accept a lower net bulk and associated acknowledgment rate.
“BCS no best affairs with MRE for fundraising services,” she wrote.
Breast Blight Solutions “provides breast blight patients with absolute assistance, association referrals and compassionate support,” according to its web site.
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Used car and barter donations has become a massive business, according to nonprofit babysitter Alms Navigator. Some 750,000 people took a agent donation answer on their federal tax allotment in 2000, blurred their taxes by added than $650 million. (The IRS is alive to get us an adapted figure.)
CN’s tips on how to accomplish abiding the alms gets the best of your donation are here. Here’s the skinny:
Be abiding you get receipts, and certificate the transaction well: The IRS watches agent donations like a hawk. You can acquisition the IRS’s adviser to altruistic cartage here.
The absolute acquirement aloft from agent donations in California decreased by about $9.9 actor from 2009, while the percent to charity decreased by about 11 percent, according to the advocate general.
Here are the dollar capacity on the 32 charities that had agent donation programs in Orange County. You can acquisition abstracts for all the California charities here.
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More Watchdog:
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More nonprofits:
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Car Donation Orange CountyImage Source: cars2charities.org
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Image Source: cars2charities.org
Image Source: cars2charities.org
Image Source: carsforprostatecancer.org
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