Health Foundation Offers Tax Deduction for Donating Old Vehicle

0
781

The Good Shepherd Community Health Foundation has a program that lets you get rid of your run-down vehicle and receive a tax deduction, as well.

The foundation began its car donation program in 2013 to help improve the local environment simply by providing a means for people to remove their broken down cars from their property. The second purpose to the program is to raise additional money for the foundation.

Bob Green, executive director of the health foundation, said people can call him and provide him with the information about the car and arrange for a convenient time to have the vehicle picked up. Or, they can call C.A.R.S., the organization with which the foundation works. Their representatives will come by to remove the car from the property. The only requirement is the car owner must have a valid title to the vehicle.

The IRS allows up to a $500 tax deduction for donating a vehicle to a charitable organization. If a vehicle, however, is donated to the foundation and the value of it ends up exceeding $500, a separate tax receipt will be sent to the owner making up the difference between the initial $500 receipt and the actual value of the car.

To donate a car, call Good Shepherd Community Health Foundation at 541-667-3419 or C.A.R.S. at 877-411-3662.