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Thursday, August 13, 2009

“Cash for Clunkers” has Mixed Impact on Charities

As previously reported on this blog, many charities expressed concern about the impact of the “Cash for Clunkers” program on charitable donations of automobiles. The program, which offers car buyers a rebate of up to $4,500 when they trade in their old car for a new one, has predictably resulted in a decrease in car donations to many charities. Other charities, however, feel that the program may have spurred increased donations of cars that don’t meet the governmental program’s requirements. While the true impact of the program remains to be seen, for now, the reaction is generally mixed.

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.

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