Aug
6

Donating Your Car to Father Joe’s Car Donation Program

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Early on Father Joe realized that he wanted to help people out. And with this in mind he grew several non profit organizations which are known as Father Joe’s Villages. In order to help out Father Joe you should look into what you can do. After all, helping others is a great thing to do. By donating your car you can help make other people happy which is always a good thing.

But before you decide to donate your car to anybody, make sure that you know who they are. The fact of the matter is that there are many con men out there that will do whatever they can to take your care and make money off of it. So before you donate your car, check with the Better Business Bureau to make sure that you are dealing with a reputable organization.

After you know who you are dealing with you can then move forward with the car donation process. Make sure that you also look over the car donation papers clearly before you sign them. This will ensure that there are no loopholes that may come back to harm you. You may even want to ask your lawyer to check them out.

If you are not sure of who donate your car to, here are a few options to consider. They will all be grateful for your car donation, and all have to do with Father Joe.

St. Vincent de Paul Village is located in San Diego, CA but has branches all over the country. They put a lot of work into making the lives of many people better year in and year out.

Martha’s Village and Kitchen focuses mainly on bettering the lives of single women and children. They are located in Palm Springs, CA.

The Padre Luis Jayme International Outreach Program strives to help people out on a worldwide level.

National AIDS Foundation works with people who are suffering from this deadly disease. This is one of the more popular charitable foundations.

If you feel that a car donation is not right for you, you may want to look again. Even if you think that this is too expensive for your tastes, you should look into all of the benefits before you make a final decision. You may be surprised at what you find.

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Jul
30

Donating to Charities For the Right Reasons

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Donating to charities is one way to express interest in the society or environment, handicapped people and even animal welfare. Donating a car is generous act that can help many people. This is the best time to start donating some of your clothes, money, foods and other things that are a necessity to others in need. There are many charitable institutions such as the American Cancer Society, Save the Children and many more.

Types of donations include clothing, food, and even blood depending on the organization. The proceeds of any donation will go to your selected charitable institution or let the organization do it on your behalf.

A donation can also be vehicle donation which is becoming a fast growing option. The donated vehicle will be auctioned by vehicle brokers and part of the proceeds will go to the charity. The donor receives a tax deduction, the broker get a percentage of the sale for his work and the remainder of the proceeds goes to the charitable institution. Some vehicle donation programs encourage donors by means of a trip-for-free program. For every vehicle that is donated and subsequently sold, the donor receives a free trip.

There are a thousand charitable institutions, but the IRS only recognizes less than a hundred. Check with the IRS to find out if a group you are thinking about donating to qualify for certain tax deductible contributions. The United Way, The World Wildlife Federation and Save the Children are all worthwhile organizations.

Some things to consider when deciding on who to give your money or things to is to find out how much actually makes it to the people in need. Every group needs money for administration but make sure that the majority of the money is going where it is supposed to go. This is especially true if you are dealing with organization in foreign countries where bribery of certain officials is necessary to get supplies safely through. While this may be normal operating procedure when donating to charities in certain countries, find out how much is actually making it its final intended destination. The people at the receiving end will know.

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Jul
14

Tax Advantages For Donating Your Car

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When you have a car that you want to get rid of, it is often easier to donate it than sell it. While donation may not sound appealing, you have to consider the tax benefits of donating a car. However, in order to reap the full benefits, you must donate it in the proper way.

First, tax rules have changed regarding vehicle donations. At one time you could write off the fair market value of the car. People were taking advantage of this process, which led to reform. The reform was necessary because people were deducting a great deal more than their vehicle was worth. The government was losing a lot of money due to this fraudulent behavior. Now, if you claim the value of the car to be more than $500, you have to claim the amount the charity you donated it to sold it for.

That means you could end up with a tiny tax donation. Often, charities are not able to make a great deal of money off the cars that are donated to them. You could have a car with a fair market value of $2000, and the charity could sell it for $500. That would be devastating, as it would not help you very much on your taxes.

Luckily, there is a way around this. Instead of donating it to a charity that will auction it off, donate it to a charity that will use it. For example, there is a charity called Charity Cars. Charity Cars uses the donated vehicles for their business, which means you can deduct the market value of the car.

The reason you are able to do this is simple. When a charity is actually going to use your vehicle, it falls under a different category when you file your taxes. When a charity auctions off your car, it is seen as a cash donation more so than anything else. When the charity actually uses your car, you are able to write off the actual car.

When you deduct the market value of the car, it can become cash in your pocket at tax time. You will get to put that deduction down, and then you will get a refund. The refund will be based on the fair market value of the car, along with your tax bracket.

This is a great way to make extra money at tax time, as well as do something good for others. There are many organizations around that offer this and you want to go with one that uses the cars for their business so you can get the maximum benefits.

This is an easy alternative to selling, and you will get some money at tax time. Do your research and use the charity that will benefit you the most. Then, you simply need to call them up and tell them you would like to donate your car. In most cases, they will pick it up. You will get some paperwork to help at tax time, and then you will get your deduction.

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Jul
7

Donating Time is Just As Rewarding As Donating Money

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During the holiday season like the one just past, thoughts turn to offering gifts to customers, friends, and family members. In these difficult times, however, many people are trimming their budgets, and some are omitting certain gift-giving entirely. Non-profit organizations are feeling this pinch, and it’s proving to be a double whammy. Donations are down, but demand for their services is soaring, putting added pressure on them.

Giving, of course, has no set time frames or deadlines. There always are needy among us; it’s just that we tend to think of philanthropy most often during the holiday season. (And are reminded of it by the Salvation Army bell ringers.)

You’d like to give, or give more, but cannot. What can you do instead? Give of your time.

I know the feeling. I wish I could donate more, but it’s just not possible. Instead, as a member of Rotary, JDRF, and more recently United Way, I help out for an hour or so during their various events throughout the year. In addition, I attend monthly meetings of JDRF and United Way, as well as the weekly Rotary meetings.

There are many opportunities right in your neighborhood. Your local United Way office is a good place to start. In addition to funding various programs and agencies, United Way helps unite interested volunteers with social service agencies.

What sort of projects might you be involved in? Usually simpler tasks like setting up tables or manning a booth during a special event, calling donors or volunteers, perhaps stuffing envelopes. If you like to swing a hammer or turn a wrench, join Habitat for Humanity and help build homes. Food pantries always need people to stock shelves and fill boxes. You can literally put food in someone’s hands. How much more rewarding is that?

Not all participation is manual. During the organization’s regular meetings, you have a chance to share your knowledge and expertise. Such input can prove invaluable. In turn, you learn from the information offered by other members of the board or committee.

There’s always a need for mentors, as well. Big Brothers/Big Sisters and literacy groups, among others, can use your help. The Literacy Coalition of Southeastern Wisconsin states that 27% of Milwaukee adults are functionally illiterate. (Milwaukee is not unique. Communities across the land – both large and small – have this challenge.) Do you have a spare hour per week to help an adult learn how to read?

Your time is just as valuable as money any time of the year. Consider volunteering for an organization in your area. You will be giving in ways that are just as rewarding and enriching as you experience by donating money.

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May
11

Donating To Charities Is Tax Deductible

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How many times has it been that you have not filed your income tax properly? Just to be able to save some money from the government you risk going behind the bars. Why take such pains when an easier method of saving tax from the government is available and which is also completely legal. Simple, you donate to a charity.

If you donate to a charity then you can save on your tax bills. There are a few rules though that you must keep in your mind so that your contributions to a charity are recognized. The donation must pass a certain criteria so that the Australian government can exempt tax on it. You must actually make a donation to a charity and only a promise to donate to a charity does not count for tax exemption. The charity you donate to must be having a tax – exempt status otherwise tax will not be exempted. Some organizations such as churches and other religious organizations do not need to have such a status. Although giving to charities is a great tax saving strategy, but for that to happen you have to be able to itemize your deductions. A record of all such donations must be kept.

These records include canceled checks, acknowledgment letters from the charity, and appraisals for donated property. People who pay taxes have to keep accurate records of the charitable contributions they have made.

Under the Pension Protection Act, a written record of all cash donations must be kept. Donations of $250 or more than that will not be allowed as a tax deductible unless a supporting documentation can be provided along with them.

Your records must clearly indicate the name of the organization, the date you made the contribution, and the amount or the item you contributed. Contributions of property or other items (other than cash) should be recorded accurately and are subject to substantiation rules. You must substantiate the fair market value of the goods or property you donated, plus keep any written acknowledgments you receive from the charity.

Donating to charities proves to be a successful method of saving taxes from the government but this method also involves accuracy in keeping records because the government asks for every small record. In this way peoples both problems of donating to charities and saving taxes are solved. It’s like killing two birds with one stone.

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Dec
6

The Benefits of Donating a Car in America

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Rather than selling your car, there are a few options. Many people decide to donate their car to selected charities. This is a very ethical alternative to simply dropping the “lemon” off at the junk yard.

The process of a car donation is very simple. This course of action begins by having a donor contact the charity of their choosing to establish a pick up date. During this time, the charity will ask the year, make, and model. In addition, they will schedule a date for pickup when most convenient for the donor. Picking up your vehicle is next, someone will pick up the automobile, and either drives or tows (cars for donation do not necessarily have to be drivable to be eligible for the procedure) it to the auction hall where the car will be auctioned off. The third step is that each car donated within a certain timeframe will be auctioned to the highest bidder and a tax break for the car donor will be distributed accordingly. Unfortunately, not all cars will sold at the auction. In a situation like this, the auctioneers will then contact the junk yard, and sell the former mode of transportation for parts. Depending on if your vehicle is auctioned for more than $500, a 1098B tax form will be sent to you by the selected charity within thirty days of the sale of the automobile. On the other hand, if your car was sold for any price below the $500 mark, you will be allowed to deduct the fair market value of the automobile from your taxes.

In addition to donating your car, you can also donate tailored boats, functional motorcycles, motor homes, trucks, and also snowmobiles, personal watercrafts, and any other recreational vehicle. Although it does not have to be up to date, the vehicle must have registration, and the title for ownership must be with the car. These charitable donation programs for dispelling unwanted vehicles are set up all across the country to provide service to anyone wishing to partake in the program.

The one major piece of advice that should be done before donating their automobile, recreational vehicle, or truck is to shop around. There are many companies that have variable donation rates or figures. Donating something as significant as a motor vehicle could potentially generate significant money; unfortunately, there are companies out there that will entice both charities and individuals into donating vehicles, and low-balling the bottom figures for both other parties.

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