Contact Us Follow Us :       | Find Us |
CBIZ Tofias

Subscribe to Our Blog

Client Satisfaction Survey Results

ClientSatisfaction_new

Follow Us

Best Practices for Car Donation Charitable Giving Programs
Posted by Brian R. Jett on Wed, Jul 2, 2014 @ 10:10 AM

In an effort to further their charitable mission, not-for-profit organizations routinely seek contributions from the communities they serve. To this end, many not-for-profit organizations have adopted vehicle donation programs. While these programs—usually operated in association with a for-profit entity (often a car dealer) that coordinates the donations—are often a boon for charities, they are not without risk.

To maximize the effectiveness of car (and truck, boat, RV and other vehicle) donation programs, as well as help potential donors get the most out of their charitable intent, not-for-profits should adhere to IRS guidance and industry best practices. First and foremost, not-for-profits should have in place a formal, written donation policy that outlines its approach to non-cash charitable contributions. And second, the charity should be mindful of the tax benefits to their donors in order to maximize their potential charitable contributions.

Read More

Topics: charitable donations, Brian Jett

Popular Posts

Browse by Tag

see all