Auto Tip
May 16, 2012
| Donating your car to charity, Part II
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Where does your car donation money go?
Running these good works car capers, fundraisers have taken in over $11,000,000 selling donated vehicles, but have given the charities associated with them a little over $2,000,000. That's about 18% of the dollar value that vehicle donors believed they were giving to help their favorite charity.
The big headline-getting charities are no-nonsense in fundraising. One major role model charity gets a firm 70 cents out of every dollar raised through car donations, with the remaining 30 cents going to education, research, operating expenses and towing.
Point of all this being: If you desire to help people, and not just yourself for tax purposes, find out what percentage of the money goes to help those who are in need and what percentage goes to the professional fundraisers who are in it for greed – before you donate the vehicle.
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