Cars and Boats for Charity

Posted by Shelley Elmblad Oct 11, 2007

I have always heard about how donating a car or boat to charity could help out a nonprofit organization while giving the donor a tax deduction, but than I read about problems with these types of charitable contributions.

Carroll Trosclair explains how third party brokers are coming between the donor and the charity in Donating Cars, Boats to Charity: IRS and Better Business Bureau Provide Tips to Avoid Tax Problems. Because of increased competition for donated vehicles, boats and recreational vehicles, some charities that accept such donations are opting to let brokers find donations. This means less of the value of your donation goes to the charity.

So, how do you know how much of your donation will go right to the nonprofit organization you choose? Find out how to determine how financially responsible a charitable organization is and find tools for rating charities in How to Choose a Charity: Find a Non Profit for Charitable Donations.

Related Charity Information:

• Charity Golf Tournaments
• Charity Bike Tour
• Charity Gardening