Vehicle Donation

February 16th, 2012 by admin Leave a reply »

In order to support a charity, people are going to give in a variety of different ways. Some people are going to give of their time by volunteering for the charity directly. Other people, however, are going to want to give some type of monetary donation to the charity. This can take on many different forms, such as giving cash directly to the charity or perhaps doing a vehicle donation, perhaps yacht donations, or some other type of boat donation. This is something that can not only benefit the charity greatly, it may also have many benefits for you as well. What are some of those benefits?

Many people choose to give to the charity through some sort of vehicle donation because it makes financial sense to them. Perhaps they are no longer needing the vehicle, and it is not worth the time and effort in order to try to sell it to a third party. By giving the vehicle to a charity, you are not only getting rid of the responsibility of ownership but you are also giving yourself a significant tax advantage in many cases. This is something that is going to need to be considered carefully because you would want to make sure that all of the paperwork was in order so that no questions came up during the tax valuation. Typically, this is something that the charitable organization is going to be able to assist you with, but you would certainly also want to get your financial consultant involved in order to get the most benefit.

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