Imagine: you’re driving down the highway on your way to work listening to the radio. One of your favorite songs comes on, so you crank up the volume. After the song ends, there’s a commercial for a nonprofit in your area with a boisterous spokesman who gives the following announcement:
Your car could save a child’s life! Donate your car today and you could save a child like Timmy. Timmy is an 8-year-old boy who has been battling cancer for the last two years. He wants to be a firefighter when he grows up and his favorite sport is basketball. Help Timmy make his dreams come true.
You start thinking about it. Frankly, your car is fairly old and you could use a new one and Timmy does sound like a worthy cause. But how would the car actually help Timmy? Surely he won’t be driving it. And would you get any kind of tax credit for the donation? Is it not better just to donate cash?
The donation of a car in this type of situation is considered an in-kind donation and it can be just as useful for nonprofits as cash gifts.
Read the full story:
https://www.jitasagroup.com/jitasa_nonprofit_blog/in-kind-donations/
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