Navigation Links
Tax Season Reminder: Vehicle Donations Still Needed
Date:4/10/2008

Charitable Contributions Decline Even Though Everyone Benefits

And Don't Forget to Claim The Deduction!

NEW YORK, April 10 /PRNewswire/ -- A new government report, published just in time for tax season, is a timely reminder that donating your car is still a great way to contribute to a local charity. But fewer people seem to know that because the number of vehicle donations has plummeted -- and charities are feeling the pain.

In 2004, the Congress changed the rules governing vehicle donations. Since then, car and truck donations have decreased by 39 percent, according to the new report by the US Government Accountability Office (GAO). The GAO also reported that, during 2005 and 2006, revenues from vehicles donated to the surveyed charities dropped by 25 percent.

The changes were intended to address tax abuses and enforcement shortcomings. During congressional debate, proponents argued that the changes would not adversely affect charitable contributions.

But the report documents that charities have had to curtail homeless and public health services, a microcosm of the cutbacks in service to the sick and needy by hundreds of charities across the country. From 2004 to 2006, for example, the volume of donations to the National Kidney Foundation had declined by 42,000 vehicles or 52 percent. The resulting revenue decreased by $8 million or 44 percent. The Kidney Foundation, based in New York, has worked since to diversify its fundraising base but smaller charities have found it particularly difficult to compensate for lost vehicle donation revenue.

"They meant well but these changes went overboard, and it's cancer victims who are paying the price," said James T. Reynolds Jr., vice-president of Tennessee-based Cancer Fund of America. Like many charities -- from Massachusetts Meals on Wheels to the California Council of the Blind -- Reynolds expressed hope that the new government report will prompt a fresh congressional review.

Meantime, as the April 15 tax deadline approaches, charities are urging donors to take full advantage of the existing tax incentives. "Believe it or not, many Americans who donate vehicles fail to claim the benefits they deserve," Reynolds said.

Beginning in 2005, taxpayers could deduct only the sales price of the donated vehicle when sold by the charity or commercial auction for over $500. Previously, taxpayers could claim the estimated fair market value for any donated vehicle. Charities cite the uncertainty about the timing and amount of the final sale as reasons for public confusion about the rule changes.

The GAO study documented overall decreases in vehicle donations of 15 percent in 2005 and another 28 percent in 2006. The study also showed declines in resulting charitable revenues of nine percent in 2005 and an additional 17 percent in 2006.

For more detail or leads on affected charities in your community, please call:
Chad Iseman, National Kidney Foundation (http://www.kidneycars.org) -

816-221-9559 x110

James Reynolds Jr., Cancer Fund of America (http://www.cfoa.org) -

480-659-9507

Charles Sisson, Massachusetts Meals on Wheels

(http://www.coastlinelderly.org) - 508-999-6400 x127

Jeff Thom, California Council of the Blind (http://www.ccbnet.org) -

916-995-3967


'/>"/>
SOURCE National Kidney Foundation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. New Ten-Minute Foot Exercisers Beautify Feet for Spring and Summer Sandal Season
2. Spring Weather Brings Flea Season
3. Longer flu season and unexpected strains make prevention plan key
4. Deerfield Spa, Voted Among Best Affordable Spas, Opens 2008 Season With Discounts, Savings, Gifts, Specials
5. Under the Canopy(R) Turns a New Leaf With 2008 Spring Season
6. AT-TEN-TION!!! Fit Club Veterans Take on New Recruits in an All New Season of Celebrity Fit Club: Boot Camp Premiering Thursday, March 13 at 9PM ET/PT
7. Have the Last Laugh on Allergies This Season: Actress Molly Shannon Teams with The Allergy Foundation to Talk About Allergies
8. Watson Files Application for Generic SEASONIQUE(R)
9. CCH Outlines 10 Steps to Keeping the Workplace Healthy in the Height of Flu Season
10. Flu Season at Its Peak: Experts Have Tips for Staying Healthy
11. Prime Your Immune System During the Peak of Cold Season and Beyond
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/25/2017)... ... September 25, 2017 , ... PITTSBURGH...An inventor, from Richmond Hill, Ga., thought ... hospitals and medical facilities, so he invented the COMPLETE PATIENT CHART. , The COMPLETE ... doing so, it offers an improved alternative to paper charts and clipboards. As a ...
(Date:9/25/2017)... New York (PRWEB) , ... September 25, 2017 , ... ... due to severe Osteoarthritis and multiple health issues. As a cabaret and theater producer, ... walking as her main source of transportation in New York City, so she had ...
(Date:9/25/2017)... ... September 25, 2017 , ... The Asset Tracking and ... It is as simple as scanning the bar code of the product and lot ... a secure internet cloud where violations are automatically generated and exception alerts sent out ...
(Date:9/25/2017)... ... September 25, 2017 , ... Leonard ... announce the next generation for LASIK in Manhattan with Contoura Vision, the latest ... advanced laser systems available in the United States to correct nearsightedness and nearsightedness ...
(Date:9/25/2017)... , ... September 25, 2017 , ... “Renew Refresh Restore ... “Renew Refresh Restore Reward” is the creation of published author, Deborah Freeman, cofounded the ... Ministry. , “When we returned to our cars, my sister-in-law invited us to come ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... , Sept. 22, 2017 AVACEN Medical (AVACEN) ... is now successfully helping those with the widespread pain ... Fibromyalgia diagnosed Amanda in Essex, England ... washing my hair, experiencing no sleep at all, tremendous ... spasm… I cannot recommend [the AVACEN 100] enough, how ...
(Date:9/13/2017)... ATLANTA , Sept. 13, 2017   OrthoAtlanta ... to the Atlanta Football Host Committee (AFHC) for the 2018 ... Monday, Jan. 8, 2018, at Mercedes-Benz Stadium in ... part of the AFHC "I,m In" campaign, participating in many ... ...
(Date:9/9/2017)... Sept. 8, 2017 Dealmed Medical Supplies, ... of medical equipment, supplies, drugs, vaccines, and specialty medical ... into an agreement to acquire Vantage Medical Supplies, a ... Holtsville, New York . ... new and emerging medical practices, will operate under the ...
Breaking Medicine Technology: