How to Choose the Right Charity for a Will Bequest

Before you begin, be prepared to do a little light internet research. There are many worthy causes from which to choose and you want to select the one that carries the most meaning for you. However, you also need to know that the charity organization you choose has a solid background with legitimate achievements. In this day and age, a charity that does not have an easily accessible web site will not make it very far. Promotion and awareness of their cause is absolutely vital to the success of any charitable objective, so a simple keyword search using terms like ‘Charity Giving’ or ‘Will Bequest’ should bring up several good choices immediately.

Another thing you’ll want to look for is how long the group has been around and what are some of their success stories. Legitimate charity organizations will want to boast about these things, so keep that in mind as you conduct your research. It’s usually a good idea to start with a group that has a local office so that you can more readily follow along with what they are doing. For many donors, this is also done out of a sense of loyalty to one’s community. If you are looking for ways to help veterans or foster children, you should be able to find a group that supports them in your area. Most national campaigns have offices in various cities all over the country, so don’t be discouraged! There are many sound organizations that help a long list of populations in need and they are eager to tell of their success!

When choosing which group is right for you there are two very important things you should know: first, if they are officially recognized by the IRS as a 501 (c)(3) charity, as this will guarantee the security of your donation, and second, what percentage of their collections go toward they people they serve. This second piece of information is very important because there is no legal limit to how little a charity has to use actually helping others. This means that that actual amount given to recipients could be as little as 1% of all monies collected. The fact that charities are not obligated to give out this information will actually help you by looking out for groups that either minimize or ignore completely this telling detail. A charity that is truly legitimate will be proud of what they are doing and should volunteer this information as a selling point!

Create Your Legacy by Making a Will Bequest to Volunteers of America New Orleans

            Volunteers of America New Orleans has been proving aid and support to southern Louisiana residents for over 100 years. Visit Volunteers of America to learn about their programs that fund housing for veterans, mentors for children, food for families living in poverty, programs for persons with disabilities, and much more! An average of .88 cents of every dollar collected goes directly toward funding their many invaluable programs. Volunteers of America New Orleans will also guarantee that you receive the maximum tax benefits available for your donation, and their experienced staff can help you make a will bequest that helps as many people as possible while allowing you to choose what you would like to give, how you’d like to give it, and to whom it will be given. You can change someone’s life today! Call (504) 482-2130, or go to www.voagno.org and get started!

Some organizations available to donate your car to are actually turning around and selling the vehicle for profit and donating a portion of the money to charity. To be sure your donated vehicle is going to someone in need, there are some things you can do.

5 Things to Do First Before Donating Your Car to Charity

1. You should check the Charity Navigator or Better Business Bureau web site to make sure you select a legitimate charity. Make sure your charity meets the Standards for Charity Accountability. These standards were developed to encourage fair and honest solicitation practices, to promote ethical conduct and advance support of philanthropy.
2. You should consider choosing a local charity, one you are somewhat familiar with or have donated to previously. Choosing a local charity will make it easier for everyone involved.
3. Talk to someone you know who has donated a vehicle and ask about their experience.
4. Before you choose an organization to donate your vehicle, you should first figure out the Fair Market Value of your vehicle for tax deduction purposes. You can search Publication 78 on the IRS website to find out the specific guidelines for calculating the Fair Market Value of your vehicle. You must also take into account any accessories, the car’s mileage and the physical condition of the vehicle. Tax Law Regulations change every few years and so do deduction specifications. It is important to check with the IRS for any changes in tax laws regarding donation deductions.
5. When donating your vehicle you should be certain to choose an eligible organization or your donation may not be tax deductible. Many taxpayers can’t take a deduction for their donated vehicle because they don’t itemize their deductions and choose to take the standard deduction instead. You should be given an IRS form 501c(3) to file with your taxes. There are also record keeping requirements that vary depending on the amount of deduction.

Although it may require a little homework on your part preparing to donate your used vehicle, there is another benefit besides tax deductions. For most people, knowing that you are helping someone in need makes you feel better about yourself and brings a sense of peace and happiness.

Donate your Vehicle to Volunteers of America

If you would like a recommendation for a charity organization that meets all of these requirement listed in this article than we highly recommend Volunteers of America New Orleans. Volunteers of America New Orleans services the Greater New Orleans area who can use all the help they can get post Katrina. If you have an old or new car that you would like to donate for a good cause then click this link here to Donate Your Vehicle to Volunteers of America New Orleans.