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What can I donate?
We accept most cars, trucks, vans, fleet vehicles, trailers,
boats, motorcycles and RV's. If you have questions about what can
be donated please contact us at (513) 421-CARE or email us at info@svdpcincinnati.org
Is my donation tax deductible?
Yes. The IRS classifies St. Vincent de Paul as a non-profit
501(c)3 charitable organization. All eligible donations are tax
deductible.
My car doesn't run. Can I still donate it?
Yes. We accept most vehicles even if they do not run. The revenue
we receive from the sale of all vehicles directly supports St. Vincent
de Paul's programs to assist the needy, so we ask that your donated
vehicle be in saleable condition. We will arrange pickup of the
vehicle. You may also drop off the car at any St.
Vincent de Paul thrift store, or at the main office located
at 1125 Bank Street, Cincinnati, Ohio 45214.The vehicle must be
equipped with all components, complete drive train, doors, wheels,
decks, interior, etc.
How is the value of my car determined?
Changes to federal tax regulations have affected how you value
your vehicle. There are three options, depending on your tax deduction
plans:
- If you do not itemize your deductions or if you do not plan
to deduct your donated vehicle, no further action is necessary.
- If you plan to claim a tax deduction of $500 or less, you will
need to determine the fair market value of the vehicle at the
time of donation. The fair market value may be determined by referring
to published used vehicle price guides or by seeking a valuation
from another qualified source. Vehicle value sources include Kelley
Blue Book (www.kelleybluebook.com)
or the NADA Book (National Automobile Dealer Association) http://www.nadaguides.com/.
These sources also are available at your public library. St. Vincent
de Paul does not assign a value to these vehicles. At the time
of your donation, St. Vincent de Paul will provide you a receipt
describing the make, VIN#, and mileage of your donated vehicle.
- If you plan to claim a tax deduction of more than $500, federal
tax law limits your deduction to the sale price St. Vincent de
Paul receives for the vehicle. St. Vincent de Paul will send you
a letter within 30 days of the sale telling you the vehicle's
selling price. The letter will include your tax ID number (typically
your social security number) and the vehicle identification number.
Federal tax law requires you to attach a copy of this statement
to the tax return on which you claim a deduction for your donated
vehicle. St. Vincent de Paul is also required to report this information
directly to the IRS. In the event that you initially value your
vehicle in excess of $500, but it sells for less than $500, you
will then be responsible for determining the fair-market value
of your vehicle, not to exceed $500, to use for your tax deduction.
To facilitate the process, upon donation of your vehicle you'll
be asked to declare if you intend to value your vehicle at more
or less than $500. We recommend that you consult your tax advisor
to help you determine your best course of action.
Do you need my car title?
Yes. The title must be free of financial liens. It must be in
the name of the donor(s). You'll be required to sign the title out
of your name, having it witnessed and notarized by a notary public.
Title formats and procedures for signing over ownership vary by
the state in which the vehicle is registered. Please call (513)
421-CARE for more information.
How do I schedule a car pickup?
To schedule a pick-up, please fill-out the online form or contact
us at (513) 421-CARE.
How long does it take to have my car picked up?
We can usually pick up your car within a few days.
For more information on the Society and how you can be part of
it,
please E-mail us at info@svdpcincinnati.org
or call (513) 562-8841.
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