Guide To Charitable Donation
At Giving Center we receive questions every day from geracious donors looking to donate noncash items to a trust worthy cause. Here are the steps recommend to take in order to maximize the impact of your noncash contribution.
Step 1: Determine whether the items you wish to donate can be useful.
Most charities may only make use of items that are new, unused, or in like new condition. If you do nor have any use for your old, tattered couch, rusty washing machine, or other heavily used item, chances are neither will a charity. If you feel that the items you wish to donate may be of use to someone else read on.
Most charities may only make use of items that are new, unused, or in like new condition. If you do nor have any use for your old, tattered couch, rusty washing machine, or other heavily used item, chances are neither will a charity. If you feel that the items you wish to donate may be of use to someone else read on.
Step 2: Consider selling your items and donating the proceeds to charity.
One option is to donate cash instead of goods. This allows charities flexibility in spending the money so that it may reach the people that need it the most. If you sell the items yourself you also eliminate the middleman that can take a big cut of the money intended for charity. Some charities like Giving Center can also sell or refurbishing donated items, witch in turn allows them to use those donated resources to directly fulfill their mission. Finally, by selling the items, you know the exact value of the donation and you can report the value to the IRS and not have to worry about estimating the amount for your tax returns.
One option is to donate cash instead of goods. This allows charities flexibility in spending the money so that it may reach the people that need it the most. If you sell the items yourself you also eliminate the middleman that can take a big cut of the money intended for charity. Some charities like Giving Center can also sell or refurbishing donated items, witch in turn allows them to use those donated resources to directly fulfill their mission. Finally, by selling the items, you know the exact value of the donation and you can report the value to the IRS and not have to worry about estimating the amount for your tax returns.
Whether or not you decide to sell your items and donate cash to charity, or you think your items may be of use to a charity in need, continue on to Step 3.
Step 3: Find the right charity.
Call around and ask charities if they accept the kind of items you are looking to donate, and if they do not, find out if they have any suggestions of a charity that does. One great resource available is the With Causes Charitable Network. There you will find A range of specific donation programs aimed at making the process easier when your donate things like computers, real estate, boats, all types of collectibles, cars, and so much more.
Call around and ask charities if they accept the kind of items you are looking to donate, and if they do not, find out if they have any suggestions of a charity that does. One great resource available is the With Causes Charitable Network. There you will find A range of specific donation programs aimed at making the process easier when your donate things like computers, real estate, boats, all types of collectibles, cars, and so much more.
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