Today, there are numerous ways in which to make that donation to your favorite cause, from using your checkbook to setting up a foundation or entering your credit card number online. Your donation can be made at all price points and packaged according to your preferences, convenience, and size of your pocketbook.
If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart. When you donate appreciated property rather than selling it, you avoid the capital gains tax you would have incurred on a sale. And long-term gains on collectibles are subject to a higher maximum rate (28%) than long-term gains on most long-term property (15% or 20%, depending on your tax bracket) — so you can save even more taxes. It is important to note that taking advantage of the appreciated value may limit the amount allowed as a deduction in the current year due to limitations based on a percentage of your adjusted gross income (AGI).
Most contributions to public charities such as Giving Center, are limited to 50% of AGI. Gifts of capital gain property, including collectibles are limited to the extent total contributions exceed 30% of AGI. Any deduction not allowed due to limitation in the current year can be carried over for five years. However, if your collection has minimal appreciation, you may elect to deduct the basis of the contribution rather than the fair market value thus allowing the contribution up to the 50% of AGI limitation. If you plan on gifting collectibles, be sure to check out Collectibles with Causes. They are a funding project of Giving Center and are a 501(c)3 nonprofit organization recognized by the IRS. We operate nationwide and offer FREE pickup of your donations!Properly substantiating the donation is also critical, and this may include an appraisal. If you donate an item or items with a collective value of $5,000 or more, you’ll need a qualified appraisal, and if the collective value of artwork is $20,000 or more, a copy of the appraisal must be attached to your tax return. If an individual item is valued at $20,000 or more, you may also be required to provide a photograph of that item.If you’re considering a donation of artwork or other collectibles, contact us at 888-228-7320 or visit our charity website here. Giving Center will help ensuring you can maximize your tax deduction today!
We know what your thinking…selling your aircraft can be a huge hassle! Who wants to take the time to deal with potential buyers, test flights, storage fees, and more? Consider donating it to a trustworthy charity like Giving Center instead, and you can receive a great federal tax deduction for the full market value of your aircraft! Who is Giving Center? Giving Center is an IRS approved 501(c)3 nonprofit charity organization in the United States. Our mission is to help those underserved and impoverished throughout local communities. With the help of donors like you, we can continue do this type of community work! Giving Center accepts a wide variety of charitable donations including: car donation, boat donation, donate real estate, donate collectibles, donate aircraft, and more!
Selling your aircraft can be a huge hassle. Donate it to a trustworthy charity instead, like Giving Center, and receive a great federal tax deduction for the full market value of your aircraft.
There will come a day when your beloved airplane, which has taken you on so many breathtaking journeys, simply is not a part of your life anymore. You have spent hours flying your airplane —making new friends, visiting new places, visiting old ones, and seeing the world from brand new heights. But for one reason or another, now it sits gathering dust in the hangar. Not only is this a nonproductive asset, but it’s also deteriorating! Aircraft, much like people, like to be engaged. So, what do you do?
AVOID COSTLY AIRCRAFT FEES! You can start saving money on expensive storage dues, insurance & maintenance fees, and costly inspections. Donate your airplane to a great cause, donate airplane to Giving Center.
Of course, there is a great federal tax benefit instore for you when you donate to an IRS qualified charity. When your donated aircraft is sold by the charity, the gross proceeds received from the sale will translate into a healthy tax deduction for you. Your accountant is able to help you with the details of tax donations for your aircraft.
Some really asked questions:
MY AIRCRAFT HAS NOT RUN IN YEARS. CAN I STILL DONATE IT TO CHARITY?
Yes, most aircraft donations can be accepted, running or not.
ARE THERE ANY COSTS INVOLVED FOR THE DONOR, LIKE TOWING CHARGES?
No. When you donate with Giving Center there is absolutely no charge to you, the donor.
WHAT HAPPENS TO MY AIRCRAFT AFTER IT IS DONATED?
Giving Center will assess your aircraft and decide how to sell it to get the most proceeds, and get you the largest tax deduction possible. You will receive a tax-deductible receipt, along with tax documentation for the amount the plane sold for in the mail.
HOW MUCH CAN I RECEIVE AS A TAX DEDUCTION FOR MY DONATED AIRCRAFT?
The IRS will allow you to claim a tax deduction of: a) The value of the aircraft up to $500. It is up to you, the donor, to determine the fair market value. Or- b) The amount the charity is able to sell your aircraft for, if the sale price happens to be more than $500.
Giving Center is an IRS certified 501(c)(3) nonprofit organization. You may check with your personal tax advisor or accountant to determine the amount you can benefit from. Remember, the deduction is of value only if the donor itemizes their deductions.
A pilot’s relationship with their aircraft goes beyond the obvious. In most cases, it symbolizes cherished memories and past adventures. However, sometimes it turns into both a money and aggravation pit. If this is you, Giving Center can help. Let Giving Center turn your generously donated aircraft into a contribution that can have a lasting impact on those in need. It may just be one of the best legacies you could ever leave.
For some, donating a home is the ultimate in charitable giving, a single act that can enhance the lives of whole families and create ripples for generations yet unborn. If you are thinking about making such a significant donation, it is important to do it the right way. With such a big gift, making the most of the donation is a vital consideration, and there are many things to think about. There are a number of considerations when donating property to charity, from legal requirements to appraisals and tax implications. If you decide to donate your home or property to a registered charity, like Giving Center, you will want to hire a licensed appraiser to determine its fair market value. This is a critical step for tax reporting, and one that should not be skipped.
You will also want to ensure that the charity is reputable, and that the work they do is worthwhile. Not every charity is the same, and you want to do the greatest good possible with your donation. Giving Center has over 15 years of experience handling donations ranging from computers to large corporate real estate donations. They are an IRS Approved 501(c)3 nonprofit charity organization located in the United States, ready to help those across the country.
Are you tired of dealing with the hassle of selling your home? Have you recently inherited property you don’t care for? Do you have land that you thought you were going to build on, but never did? If any of these questions apply to you, consider donating your property to charity! Real Estate With Causes will take in your charitable donation and not only utilize it through the charity, but also provide our donors with a tax deduction. Take a minute to think about donating that troublesome real estate to Real Estate With Causes. Not only will a real estate donation keep you from having to continue paying property taxes, insurance, and upkeep, it can become a donation write off on your 2021 income taxes. Your property donation will go to a great cause and will help communities and families who have fallen on hard times, especially during the pandemic.
Are you thinking about trying to sell real estate?
Before you sell residential real estate, sell industrial real estate, or other any other types of property and then donate net proceeds to charity, consider donating property directly to charity. Three major benefits of donating your real estate directly to charity are:
You will receive a 2021 income tax deduction for the fair market value of the property.
A greater gift to charity — charities don’t pay capital gains taxes, that means the full value of your gift goes directly to causes you care about.
Your donation goes towards helping the community and families in need.
Real Estate With Causes makes it easy to make a real estate donation through our knowledgeable volunteers. Your real estate can be worth more as a tax deduction. To find out more about Real Estate donation details, please feel free to contact us directly at 888-228-7320 or visit us online at any of the above links for more details.
You can end your real estate obligations now. No more waiting. Receive a valuable tax deduction based on the value of your property while making a difference in your local community. Everybody wins!
Interested in donating more than real estate? Contact http://www.givingcenter.org to find out what other items you can donate. Did you know you can: donate a boat, donate aircraft, donate a car, donate collectibles, donate computers, and more! Remember, your charitable donation can provide you with a tax deduction on top of the feel good spirit.
If you’re a nerd over 30, chances are you have a ton of stuff you just don’t have any use for anymore, but you don’t know how to get rid of it. I was in that situation for a while. I had over 4000 comics and I didn’t know what to do with them! I thought about selling them on Craigslist or EBay, but there is lot of time and effort that goes into that, and for very little reward. If I sell it to a store it would be quick, but they will only give me about a nickel per issue. In the end, I figured I’d donate the comics and use it as a tax deduction. Which is how I found the Giving Center. While I got nothing up front at the time, I made the donation, it definitely just helped with my tax refund. It was also fairly quick and painless. Read on to see my experience in donating comics. And for more information on how you can donate your comic books, or any other collectibles you may have, reach out to them! They can be found here: http://www.collectibleswithcauses.org or you can give them a call at 888-228-7320.
Donating your books probably won’t get you as much as it would if you took the time to sell them individually, but the actual hassle of keeping and selling the comics can be a giant pain in the butt! How long will it take to get rid of random issues of Power Pack, from the 80’s? If you are selling hot issues of comics then they will probably go quicker, but for issues of things no one cares about anymore, it will probably take years!
Selling them yourself can definitely get you more than a nickel a book, so it beats selling it to a comic store. A comic book store is going to take the chance of your random crap not selling. They usually have back rooms filled with yesteryear’s crap that no one wants anymore, but one day that forgotten gem might become hot again, like Guardians of The Galaxy. If a new movie comes out that features the characters from an old dead series, then the store can make a good profit from something they paid just a nickel for. But for the store, its a waiting game, while you want to get rid of your junk now.
When you donate your comics there is one downside. You won’t receive any kind of monetary compensation. However, by donating comics, you can net yourself a pretty good tax deduction based off the fair market value! Your comics won’t net you as much as if you tried to sell them individually, but they will definitely get you more than a nickel a book from a comic store. The best thing is, you don’t have to do any work! If you’re looking to donate your comic books to charity, Giving Center will provide you with a tax deduction, donation receipt, and the tax form 8283 for your CPA come tax time.
The other tricky part about donating your comics is finding a place to do it. Who wants to take the time, gas, and effort to haul them all over town? With the Giving Center, all you have to do is fill out their online donor form, give them your contact details, and then they reach out to you! They’ll even provide you with free pickup, and a tax receipt. This can save you a bunch of time! If you’re really interested in making a difference in the lives of the less fortunate, I recommend checking out the Giving Center or their funding project: Collectibles with Causes.
After you donate the comics, however you choose to donate them, you will wind up with a receipt that you can use for tax purposes. The receipt won’t have an amount of what your comics were worth. You only receive a receipt that will tell you what you donated. My receipt says I donated 4100 comics, 200 soft trade paperbacks, and 30 hard covers. It’s up to me to determine the value of what was donated. A good rule of thumb is about $1 a book, but if you wanted to claim more that’s up to you. Just don’t go crazy with it or you might get a call from the IRS.
Aside from the literal heavy lifting you have to do with your long boxes, donating your comics is really easy. It’s also rewarding, both financially, and mentally. Knowing that your comics will help out an organization and also go to someone who will appreciate them more is a really good feeling. For more information on how you can donate comic books today, visit http://www.givingcenter.org or give them a call at 888-228-7320 for a live representative.
Whether you’ve been reading comics for a short time or forever, you can start to accumulate a nice little collection which grows larger with every week or month. The problem is that after a while it can be difficult to keep track of, which can be a chaotic and time consuming if you’re looking to reread your favorite issues. To avoid this from happening it’s time to organize you comic book collection!
If your collection has gotten out of hand and you need to make more room for more, consider donating comic books to charity! Giving Center, will accept your comic book donation, and not only bring joy to others, but also provide you with a tax deduction for your charitable donation!
How can I prepare my comic book collection for donation?
I’ve recently organized my own collection, with more than 2500+ comics in total, making all the mistakes so you don’t have to. Below is what I’ve taken away from the experience and the steps which will turn your collection from chaos into order.
STEP 1: Have Your Storage Solutions Ready
Before you start organizing your collection you need to have you storage solutions sorted. This means making sure you have the boxes, or what every method you will be storing them, ready. If you’re bagging and boarding your comics make sure you’ve done that before you start organizing.
Keep in mind that the boards will account for space too. For larger collections, that can be space you don’t realize you need to account for until it has been done.
STEP 2: Figure Out Your Organizing System
Once your storage solutions are all sorted out you need to come up with a plan as to how you are going to organize everything. Essentially, you need a plan for the following:
How you will group your comics.
The specific order you will be putting them in.
How you do this is totally up to you and will all depend on the size of your collection, the contents of it and how anal you might be. Here’s a few potential ideas if you’re not quite sure:
Grouped by publisher
Grouped by creator (writer or artist)
Grouped by character
Based on a specific reading order
Year of Release
For example, my organizational strategy is done by the publisher and then alphabetically by comic book series and issue number.
For me, it’s the easiest way to find things. Although, I do remember many years ago, when I had a fraction of the comics I have today, my collection was ordered in a broad reading order. That did get a bit convoluted as my collection grew and my tastes broadened, so it’s definitely not for everyone.
Alan Lakein famously said, “Failing to plan is planning to fail.” While he was referring to the world of business it also applies to organizing your comic book collection.
Ultimately, it’s up to you on the ordering system you choose. Just make sure that you predefine on how you’ll do it. It will make everything much easier when it comes to actually organizing your comics.
STEP 3: Get To Work
You’ve got your storage solutions ready. You’ve also got a plan as to how you want to organize your comics. It’s finally time to get to work!
Clear a space a large space, so you can spread out, and put your boxes on one side and comics on the other. A lounge room is a good place, but I guess it could be anywhere in your house which has sufficient space and you don’t mind there being a temporary mess.
Once you’ve done that you can start going through your comics, grouping them as per your organizing system. Once you’ve got a handful of small groups start placing them in your boxes in the position you think they might go.
Follow the above process over and over again until it’s done.
If you’re using some kind of alphabetical ordering system you don’t need to start with A. Organizing from A-Z can make the process longer. You start handling the same comics over and over again.
Start grouping based on what you see most regularly. For instance, if you see a lot of comics starting with M start with those. It doesn’t matter if they’re not in the right order to start with as you’ll find that you’ll have to move parts of it around as the boxes fill up.
Speaking of the boxes, it’s best to only fill them up to 80%. This will allow space for future issues to fit in without having to do too much transferring from one box to another down the track.
The organizing process is also a good time to do a cull of the comics you don’t want any more. You know, the ones that you’ll never read again or maybe even hated. You’re seeing all of your comics throughout the process, so it’s the perfect time to track them down and remove them before they take up space. By doing a cull will allow for space for future, and more enjoyable, comics!
Organizing comics can also be a long and repetitive process so I suggest putting on a TV show, movie or music in the background. It makes organizing less of a chore!
STEP 4: Label
Once you’ve organized all your of comics it’s time to do some labelling! If you have a large or a steadily growing collection then this step is a must if you want to find anything. The last thing you want to do is have everything organized then have no idea where anything is!
There are two forms of labelling I have adopted:
Label the boxes outside
Label comics inside
Label The Boxes Outside
It might sound self-explanatory but this is simply labelling the outside of the box. This is so you know what’s inside. As you can see, I’ve used a post-it note but can use masking tape or any form of custom labelling you like.
I opted for post-it notes because the contents of the box will change over time and it’s easy enough to edit or remove.
As for what’s written on your labels will depend on the contents of the box and the organizing system you’ve implemented. Whatever it is, make sure that it’s obvious what’s in there. Not just for you but for others too.
This could be by listing the publisher, the alphabetic range of the comics stored in there or even a list of the comic series present if there’s only a handful of comic series in there.
Label Comics Inside
Okay, now that you’ve labelled the outside it’s time to open up the box and label some of the inside. The purpose of this is to clearly indicate what’s inside the box – very handy if there are lots of different comic series present.
My method of doing this is getting a post-it note, turning it upside-down and writing the name of a comic book series on it. After that, you can stick this at the start of a run of that comic book with the name slightly sticking up. The fluorescent yellow, or whichever color you’ve opted for, should stand out and work as a helpful flag.
Another option would be to use dividers. You can either make your own or they’re also available to purchase. Your local comic book store may stock them or you can find them online.
OPTIONAL: Catalogue Your Collection
Once you’ve done your labelling you’re pretty much done, but if you want to be even more organized there’s one final step you can do – catalogue your collection.
There’s plenty of ways this can be done by using an Excel spreadsheet to using purpose-built software. If you’re not great with Excel a comic cataloguing software or app is the way to go. Some of the more popular or helpful ones include:
Collectorz: Comic Collector
Comic Book Realm
This optional step can be done during step 3 or right at the end, it’s totally up to you.
FINAL TIP: Keep It Going
Now that you’ve got a system in place and have done all the heavy lifting of organizing your comics I have one final tip – keep it going.
With more comic books entering your collection it’s really tempting to just chuck them in the first available box, ruining all your hard work. If you keep your collection organized every time new comics enter your collection it won’t fall into chaos.
Go forth and organize your collection! Divide your comics into what you want to keep and then separate what you want to donate!
For more information on how you can donate your comic book donation, or anything at all including: donate a boat, donate a vehicle, donate collectibles, donate real estate, donate computers, or anything else give us a call at 888-228-7320 or visit us online at: www.givingcenter.org for more information!
Charity Boats was formed with a mission to improve the health, economic and social conditions of the men, women, and children we serve. Our charitable donations program has helped many individuals and needy families, throughout the United States get back on their feet. Charity Boats recognizes the needs of others both great and small, especially during the Pandemic!
We draw on the brightest minds and most generous hearts in our communities through a network that brings together caring individuals who want to help to those who need help — people just like you! We handle all the details to ensure your boat donation is a smooth and a pleasant experience. Feel great knowing that your boat donation can make a difference! We go the extra mile which is what makes Charity Boats so unique and extraordinary in the nonprofit charity industry.
Have you outgrown your car collection? If you’ve found us you may be considering whether or not to donate a classic car to charity. We understand it can be a tough decision. After all, you sure look good in that American-made pony car. It’s nice to get looks and thumbs up from other drivers who admire a well-made, cherry red Ford Mustang. So why would you even consider donating a classic car to charity?
Why Consider a Charity Classic Car Donation?
Cars have their own personality. You’ve broken in the leather seats and each little dent has a story — a memory of a special trip or the day you brought home your first dog. However, an emotional attachment to a car may no longer be practical. Maybe it’s taking up too much space in your garage. Perhaps you didn’t mean to end up with classic car; you just never got around to upgrading. Here are other reasons people choose to donate a classic car to charity:
You never exactly meant to have a “classic” car. Okay, so your Chevy Camaro is now considered a classic. It was paid off over a decade ago and you’ve taken care of it so well, it never made sense to buy a new car. Your kids don’t even want the Oldsmobile Cutlass because it’s not really cool to own anything that isn’t energy efficient. Maybe you’re not exactly the type to go to classic car museums. Perhaps you don’t make it a point to visit the best classic car shows in the country. If you and your classic car are in the “I-never-wanted-to-be-vintage” camp and you’re finally ready to lease or buy a new car, now is the perfect time to consider aclassic car donation program.
Your Classic Car Needs Some Work. Repairs can be costly for older cars. Finding and repairing parts for custom cars or vintage sports coupes can cost more than payments on a new car. When you donate your classic car, we useexperts to make repairs and improvements before finding a collector or other great buyers who can appreciate your car’s history. If it’s not running, we typically find a buyer who will see its potential and take it on as a special “project car” and will be committed to getting it back on the road after restoring it to its glory days. When we improve your classic or muscle car, we typically add between 25%-50% more value to the sale price. The charity you choose will be grateful, and you get a better tax deduction!
Chris’ 1962 Ford Mustang had been in the family for 53 years, and had gotten into quite a state. Since he didn’t have the time, money or energy to fix it up or even to find a buyer himself, the family decided to donate it. Initially, he called other vehicle donation programs but when he learned they planned to send it to a junkyard or sell it for scrap metal he kept dialing until he found us at Collectibles with Causes. Chris wanted to be sure his family’s beloved Mustang would find a new home with someone who would lovingly restore it and get it back on the road. We knew we could find a great buyer for it who would pay $3500 to $4000 as a restoration project — even before fixing the rust or getting the vehicle to actually run. In the end, we were able to raise great money for Chris’s church and the new owner even promised to send Chris photos after the Mustang is restored.
You bought a “classic car project” and just haven’t had time to ever quite finish it yourself. Perhaps life changed, and you don’t have the time or resources you expected, or it’s just a bigger project than you imagined. Perhaps you’re coming to terms with the possibility that at this rate you may never be able to complete it the way you originally envisioned. Perhaps your significant other is even at nearing the point of an ultimatum. It’s time to do something!
You’re not sure how to sell your classic car yourself, to get the best value. Classic cars are a niche market. Perhaps you don’t live in the Top 5 Classic Car Cities. Do you really want the added job of becoming a classic car sales person? Not to mention if you are having trouble tracking down missing legal documents like your car’s title, or registration lapsed long ago. Selling may not even be worth your time. In fact, some CPAs recommend classic car donation as a smart financial move for their clients.
Benefits of Donating a Classic Car to Charity
Of course there are some amazing charities that would be happy to have classic cars donated. We eliminate the middleman and sell the car directly to a buyer on behalf of the charity you choose. The proceeds do wonders to help non-profits thrive and make the world a better place. Now on top of that, have you considered the personal benefits of classic car donation? Other than those feel-good tingles, here are some nice perks to being a donor:
Declutter with free towing. Maybe it’s time to get your garage back. That Chevrolet Bel Air is awesome — a real treasure, but not if it’s sitting under a tarp unused in your driveway. Maybe your spouse would like a little more storage while your classic car collection is simply collecting dust. When you no longer drive your vintage muscle car, donation is a good option. Simply call 888-228-7320 and we will arrange for expert towing.
The Best Classic Car Donation Program Adds Value. Adding value to classic cars is what makes us special. When you choose to donate any classic car to charity, you want to be sure that you are getting the best value for your charity and for your tax deduction. After improvements to your classic vehicle, we typically add 25%-50% more value to the final sale price. (You’re welcome, charity!) It’s also a benefit for you because you can deduct the final sale price from your taxable income. Everyone benefits.
If you are interested in making a classic car donation, or any donation as a matter of fact, please visit us online at: http://www.collectibleswithcauses.org for more information. You can also give us a call at 888-228-7320 to
Vehicle donation represents one of the best ways to dispose of a car that no longer works for your lifestyle or needs without creating unnecessary waste. While the requirements for each form of donation differ, you can take these seven steps to prepare your car (and yourself) for the donation.
1. Check Your Charity’s Requirements A charity which refurbishes and resells car parts will have different requirements than an automotive school. Check with your charity to get a checklist of any paperwork, repairs, and preparations required. You’ll find many common requirements on this list. However, it’s always a good idea to go over your charity’s policies so you know how the car will be transported, what paperwork to expect, and how your car will be used.
2. Find the Title and Prepare the Paperwork Regardless of charity type, you will likely need to produce the title before donating the car. Put together a folder of important paperwork, including the title, title transfer form, and any accident history for the vehicle. If you still make payments on your car, you must complete a lien release form to transfer the loan to your charity. Check with your organization to see if they accept cars with liens on them. Fill out your paperwork carefully, as the DMV does not accept title forms with errors.
3. Have a Basic Checkup If you are donating to a charity organization, consider having a basic inspection performed. Check the condition of basic components, such as the windows, wipers, lights, brakes, and tires. Double-check the condition requirements of your charity, and make any repairs accordingly. While many scrap charities take inoperable vehicles, charities that provide second-hand vehicles to those in need may ask you to perform simple maintenance tasks beforehand if you can.
4. Perform Any Needed Cleaning Similarly, evaluate the cleanliness of your car and the purpose it will serve after donating. If you’re donating to a local cause, consider performing some standard cleaning before turning your car over. Remember, you do not need to deep-clean the vehicle unless required by the charity. Many organizations, such as automotive schools, perform and teach these cleaning methods after you donate the car.
5. Put Any and All Keys Together For many car donation charities, all you need to donate is the car, the title, and the keys. Put all the keys you have, including a remote key fob if you have one, together on a single key ring. To help you keep track of the keys, keep them in the same place as your paperwork.
6. Remove All Personal Belongings The last thing your charity wants is to end up with a pair of your sunglasses and a pack of gum along with your car. During your cleaning, give your car a once-over to ensure that you have removed all personal items. Be sure to check under the seats, floor mats, and dashboard for any hidden personal items.
7. Wait Until After the Donation to Cancel the Insurance Your last step when donating a car is canceling the insurance. While the title still belongs to you, you should maintain your usual insurance to avoid any legal complications. Do not remove your license tags or cancel your insurance until you drop your car off or have your car picked up and the transfer is complete. Return your tags to your local DMV along with the relevant paperwork. Questions about our donation program? Contact a staff member here at the Newgate School to get answers to your specific questions. Perform these tasks so that when you donate your vehicle, you can do so without wondering if you left something behind or neglected to finish a piece of paperwork. If you are interested in donating a vehicle to charity please contact Giving Center for more information! They accept a wide variety of charitable donations including but not limited to cars, trucks, suvs, you can donate a boat,donate aircraft, donate a motorcycle,donate an RV, and more! You can reach us at http://www.givingcenter.org or call and speak to a live representative at 888-228-7320.
When it comes to making charitable donations, most people tend to think about donating at the end of the year. But when it comes to boats, a boat donation may not get you a maximum deduction amount at year end.
Donating a boat to charity that still has value in it’s use (meaning it still runs and is worth something to somebody) will also help you maximize your tax deduction amount. Win-win for you & the charity.
Summer is the Best Donation Time for Boats
Donating a boat during summer is your best bet for receiving the largest tax deduction possible. This allows charities to sell your vessel during peak season, which results in a larger tax deduction.
Donating a boat now during the summer high season can help boaters realize more value for their donations. More boats are sold now [during summer] than at any time of the year, and we believe you deserve the best chance for maximum donation value.
Why summer? Donating a boat in December greatly decreases your chances of a successful tax break for the current year because of the time it takes to sell a boat. Buyers are prepared to purchase a boat during summer seasons to take full advantage of the vessel. So if you are wanting to rid yourself of your old vessel, or simply donate a boat to make room for a new one, Giving Center is prepared to accept your charitable donation!
Giving Center Boat Donation Program
Most charities simply sell the boats donated at an auction, however, the Giving Center Boat Donation Program is different in that it uses various to advertise the boat to help realize its highest value. Giving Center also ensures that the donation process runs smoothly, from picking up the boat to handling the paperwork. A charitable boat donation to Giving Center also goes to programs that benefit recreational boaters such as free online boating safety courses.
If you have a well-loved or gently used trailered boat in good working condition and are considering donating, visit the 501(c)(3) Giving Center website here.
Acceptable donations include:
To understand more about how to donate a boat to charity, be sure to review IRS rules for determining maximum deductions for charitable contributions.
Remember you can deduct contributions to charity only if you itemize deductions on Schedule A of Form 1040 and attach a 1098-C form which you receive from the organization you donate to, with your tax return. And of course, boaters should always consult a tax professional regarding boat donations or other charitable donations. If you have any questions about making a boat donation please visit us here or contact a live representative by phone at 888-228-7320 today!
Did you know that your personal residence, vacation property or land has a significant value for charitable giving? A donation of real estate helps you achieve your charitable goals and provides you with maximum benefits allowed by law.
Donating real estate is not only beneficial, but flexible! If you’re interested in learning more about the gift of real estate, Giving Center can help you convert your real estate holdings into charitable gifts.
When you donate real estate …
• You will receive the maximum tax deduction allowed by law
• You avoid capital gains tax
• You participate in an opportunity to diversify your assets
• You can establish an income stream for your lifetime
• You can fully achieve your dreams of charitable giving