Car-Tech works with Vehicle Management Services, a local “car donation” management company, to assist donors in the process of donating a vehicle to charity. The advantages of vehicle donations are numerous and include:

1)      Enabling you, the donor, to claim a tax deduction as your vehicle donation is a Charitable Contribution of Property per IRS guidelines.

2)      A simple, rewarding and zero-cost method of removing your vehicle when it is no longer needed.

3)      The tax savings could result in a greater return than advertising and selling a vehicle privately or trading-in to an auto dealer.

How it works:

Donating a vehicle will not cost you anything. We will setup everything over the telephone when you have the Certificate of Title in your possession and we can usually pick up within 1-2 business days, so it happens fast! You do not have to be there when the vehicle is picked up, so if you work or have other obligations, you need not be present. Your vehicle will be towed to an auto auction and sold to raise money for the charity. There are many charities from which you may choose (click here to view a list) and hopefully one of the charities will be meaningful to you! The transport company will leave a receipt for you at the time of pickup and a second receipt will be mailed to you after the vehicle is sold at auction. This second receipt is yours to file with your taxes and conforms to all IRS requirements. The vehicle donation process is that simple!

 IRS Guidelines:

(Please note: The information listed below can be found in greater detail via IRS publication #526 “Charitable Contributions” which can be accessed at their website www.irs.gov)

 The IRS placed new guidelines for donated vehicles into effect in January of 2005. Vehicles which are donated to charity and sold as a fund raising effort must meet the following criteria:

1)      When you donate any vehicle, you may claim the smaller of:

      a) $500

               - or -

      b) the Fair Market Value.

2)      If the vehicle sells for more than $500, the donor may claim the sale amount as the Gross Proceeds and must submit a receipt from the charity which states: the selling price; the date of the donation; a reasonable description of the vehicle; the Charity’s Name, address and Tax ID number and a statement certifying the vehicle was sold “at an arm’s length” transaction to an unrelated buyer.

3)      As before, you may only claim the vehicle donation for the tax year in which the vehicle is donated. Some people think that charitable contributions can be treated like IRA contributions (ie: you can make an IRA contribution up to April of the following year, but claim the deduction for the previous year). This is NOT the case with charitable contributions. The year in which you make the vehicle donation must be the same as the tax year you are filing.

LIST OF CHARITIES:

These are the charities that may benefit from your donation. Please review their information and use it to decide which will receive proceeds from the sale of your donated vehicle.


S.P.C.A (Society for the Prevention of Cruelty to Animals):
Caring for homeless, abused and abandoned pets since 1945. Visit their website at www.monmouthcountyspca.org for further information or contact Executive Director-Laurie Garrison at (732) 542-2030.

The Emmanual Cancer Foundation
Providing food, counseling and support to families with a child diagnosed with pediatric cancer, since 1983. Office Manager - J. Dianne Dill (908) 322-4323.
www.emmanuelcancer.org

Fairview Lake YMCA Camps
Provides educational activities, programs and experiences to youth and families through outdoor camping and activities. Many needy children are sponsored into the program through the generosity of donations from New Jersey residents. Associate Executive Director-Ellie Daingerfield (973) 383-9282.