
Donate a Classic Car to Charity
There may be some debate about what classifies a car as classic, antique, or vintage – more on that below. But one thing is for certain, donating a classic car to charity is a great way for an older car to make a big impact here and now, in the present day. Where you donate your classic car is an important consideration! To make the biggest charitable impact, and to qualify for the largest possible tax deduction, donors should choose a car-donation agency wisely. How do I choose where to donate my classic car? If you have looked at Google, then you know there are a lot of options. What may not be obvious is what they all do, and who benefits from your donated car. Some donors prefer to choose a local organization that is focused on serving their local community. This keeps your impact local, and you may even see your donated car out on the road. Choose a Certified Nonprofit First and foremost, you will want to ensure you donate to a certified 501(c)(3) nonprofit organization. You can verify this with the IRS or Secretary of State. For example, you can find the parent organization of Good News Garage, Ascentria Community Services, by searching under its EIN: 04-3566243. Verifying that the organization is a nonprofit will ensure that your donation is tax-deductible. What’s Their Mission? Investigate the mission and charitable work of the organization you are considering. Who is benefiting from your donation? This should be obvious on the organization’s website; if it’s not, then this could be a red flag. Car donations are a generous gift that should be made with care! Towing and Pick-Up Most donation organizations will provide free pick-up or towing. This is a standard service. If you are able to drop the car off for the charity, then it may save them money that would be spent on towing. Taxes After the donation is processed, a car donor should receive the necessary tax paperwork needed to claim a tax deduction. In some cases, the charity will need your social security number for tax purposes. Car donations are particularly beneficial for individuals who itemize their tax deductions instead of claiming the standard deduction. What do I need to donate a classic car? To donate a classic, antique and vintage car to charity, all that’s typically needed is a bill of sale – and