How to Donate a Car in Colorado

Video Transcript

"Hi, my name is Luz Luis. I work for the National Kidney Foundation and I'd like to give you some tips about how to donate your car in Colorado. The most important thing about donating your car is making sure that the charity that you select is a legitimate charity in your area. If you find the phone number for that charity in the phone book or on the Internet, make sure to call before you donate. Get the location. Ask questions of the charity like how much money of all the proceeds of the donation of your vehicle go to benefit to that charity. You shouldn't choose any charity that will take less than seventy-five percent of the proceeds to directly fund their own programs. Overhead of a charitable organization should not be more than twenty-five percent, so make sure to ask that question. Ask how they spend the money, what charitable missions they are funding. Once you have decided on the charity, then find your title to the vehicle. That's the most important step. Every state has a title. You want to make sure that you sign the title to release your ownership of the car, and put as the buyer section of the new owner, the actual charity that you have selected. Never leave the title blank, and then call the phone number or go to the website that the charity itself gave to you, and submit thee information. They'll ask you whose name goes on the tax receipt. They'll ask the year make and model about the car, and some general information about the vehicles condition. And then they'll call you to come and get the car and once the vehicle has been picked up, they'll issue you a tax receipt that you can use for your taxes. If you itemize on your taxes then you can use this as a tax deduction. Make sure that you stay in contact with your, with the charity that you've selected throughout the process until you actually have a tax receipt in your hand. If you choose to donate to the Kidney Foundation, which is the country's largest car donation program, simply call 1 (800) 488 CARS, or donate on-line, at kidneycars.org, and again that's kidneycars.org or 1 (800) 488 CARS."