Habitat for Humanity has maintained a well-respected status by giving families a "hand-up, not a hand-out." Oftentimes the families themselves work alongside volunteers to help build their new home. Habitat for Humanity has an official car donation program called Cars for Homes. Aside from cars, they also accept boats, recreational vehicles, airplanes, farm and construction equipment, and other automobiles.
How does vehicle donation help families?
Donating your car to Habitat for Humanity means fulfilling a cultural responsibility of helping others in need and helping to break the chain of generational poverty. Habitat for Humanity is located across the United States. It is a Christian organization that invites people of all races, religions, and cultural backgrounds to help build simple, affordable housing for those in need. Once built, selected families pay the down payment and mortgage on the home, and invest hours of their own "sweat equity" into building their new home. Habitat houses are sold to families at no profit and financed with affordable homeowner loans. Mortgage payments are then reinvested into building new homes for more families.
How does the Cars for Homes program work?
The Cars for Homes donation program sells your car - whether running or not - and then distributes those funds to its partnering organizations in order to buy materials to build new homes. Your charitable contribution is then combined with the hours the families and volunteers put into constructing the new Habitat home to help those in need.
The process of donating a car to Habitat for Humanity is pretty simple. Donors typically provide information about the vehicle they wish to donate, including make, model, vehicle identification number (VIN), and current mileage. You will need to have the title for the car handy as well. You will be contacted for a date for pickup to get the donation process rolling. On average, auction-quality vehicles - those that are running and in good condition - tend to fetch more money upon sale, which generates more money to be invested into buying construction materials on behalf of the families.
Claiming your tax deduction
Generally, you can claim a tax deduction for your charitable car donation to Habitat for Humanities if you itemize deductions on your yearly income tax return. For tax donation purposes, you will receive a receipt and official "Thank You" letter upon sale of your vehicle that can be submitted if you are itemizing tax deductions. It is also a good idea to also check with the IRS Publication 4303 on vehicle donations and consult with a financial advisor to properly file your taxes. You can find this publication directly on the official IRS website.
| Charitable car donation is one of the most worthwhile ways that you can give back to others in need. Learn all the ins and outs of how to donate cars to charity by visiting our website. |
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