Donating cars, trucks, motorhomes, and even boats to charitable institutions is becoming a trend as people would rather give up their old vehicles and get a corresponding tax credit than donate cash. But what do charities do with the vehicles they receive as donations from the public? Here are some ways how these institutions make use of donated automobiles:
As most charitable organizations don’t have regular sources of operating funds, proceeds from donated vehicles are often one of the ways in which they secure finances to continue with their work.
Car donations are an ingenious way to offer help for aid organizations, especially since these contributions can be used by donors to claim deductions from taxable income.