Prevent Kidney Disease
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New York, NY
October 13, 2004
If you thought vehicle donation programs would run out of gas after Congress included a provision in a corporate tax bill limiting donor tax deductions, think again says the National Kidney Foundation. The foundation runs the Kidney Cars Program, one of the nation's leading charity vehicle donation programs.
The new legislation limits the tax deduction donors can claim to the actual price the charity receives for the vehicle and not the Kelly Blue Book value. The legislation will also increase the amount of documentation charities are required to process and record and the foundation says it will increase by several weeks the turnaround time between the vehicle pick up and the mailing of a donor receipt because of the new requirement to track vehicles until they are resold.
"The Kidney Cars Program is anything but dead," says John Davis, National Kidney Foundation CEO, "Despite the new rules, this gift-in-kind program remains a viable option for individual and corporate donors who wish to support the foundation. Over the last 15 years, Kidney Cars has helped us raise millions of dollars to fight kidney disease and we are committed to continuing this success with the new regulations in place. We know our donors and their primary motivation is not the tax deduction. Recent surveys indicate that the number one reason for donating is because Kidney Cars offers a simple, fast and free method of disposing of unwanted cars while helping a good cause. Getting a tax deduction was the number two reason for donating."
In fact, only 30% of Americans itemize on their tax returns and those who do not itemize cannot claim the tax deduction for a car donation. "We are concerned about the possibility of losing some donors of higher end vehicles who may elect not to donate to Kidney Cars because of the new tax rules. But overall, the legislation limiting tax deductions does not affect most of our donors," continues Davis.
The Kidney Cars Program was initiated in 1991 and recovers nearly 75,000 vehicles annually. Sixty seven cents of every dollar raised through the program allows the National Kidney Foudnation and its 51 local Affiliates to provide patient and family services, fund research, support health care education and promote prevention and early intervention of kidney and urologic disease.
To learn more call the foundation at (800)622-9010 or to donate online go to www.kidneycars.org.