
When faced with a choice between up to $4,500 towards a new car and the tax benefit of donating your car to charity, charities are concerned that consumers are more likely to choose the cash, further hurting charities that rely on automobile donations to stay afloat. While the program has been restricted to only the most inefficient vehicles, specifically with the impact on charities in mind, it may be too much in this time of economic difficulty.
If you are considering donating your car to charity, we suggest you read Charity Navigator’s Guide To Donating Your Car for tips on this subject.
As a 501 (c) (3) organization itself, Charity Navigator depends on public support to help donors make informed choices. Please consider investing in the future of Charity Navigator by making a donation today. Donate now >>
No comments:
Post a Comment