Car Donation
11-01-2008, 04:33 AM
#11
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Location: The State of Southern NJ!
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Yes, I've donated cars in the past; the IRS guidelines have changed limiting the tax benefit as noted in the pdfs already provided.
Most donated cars are sent to auction by third parties contracted to / or by the charities. As in evaluating any fund-raising program try to learn or pay particular attention to the actual financial benefit that the charity receives ... in many cases they receive a very small %age of the value obtained when the cars go to auction.
Most donated cars are sent to auction by third parties contracted to / or by the charities. As in evaluating any fund-raising program try to learn or pay particular attention to the actual financial benefit that the charity receives ... in many cases they receive a very small %age of the value obtained when the cars go to auction.
11-01-2008, 10:49 AM
#12
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Location: Thousand Oaks, California
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My Ride: 2008 550i Jet Black on Black Leather, SAT with Paddles, Logic 7, Comfort Seats, NAV, Sport Package, PDC, Xenons, Sirius, Trinity 12W LED Angel Eyes, RPi GT Exhaust, M rear spoiler, ACS Roof Spoiler, Tinted Tail Lights, Bimmian Carbon Fiber Pillar Trim, Bimmian Shadow 550i emblem, RPi Scoop, E60 Forum Cling, Mtec bulbs in fog lights, Mtec 2W LED for License Plate Light Bulbs, K&N Filter, Bimmian LED Smoked Side Markers, Blackout roundels, Carbon Fiber Kidney Grills.
Retired Rides - 1989 325i convertible, 1995 M3, 2002 X5, 2005 545i, 2008 X5 (Lemon)
If anyone is thinking of donating their M5, I could help them out with that!! 
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