Car Donation Foundation, d/b/a Wheels for Wishes, is a federally registered 501(c)(3)
non-profit organization. You receive a tax deduction for the total amount that your car sells for.
See here for tax information.
Car Donation Foundation thanks you for your generosity and truly appreciates your donations. While the costs of turning donated
vehicles into cash are high compared to other forms of charity fundraising, through your donations, Car Donation Foundation
has donated over $30,000,000 to local charities across the nation since 2010.
Proceeds from donated vehicles go to Car Donation Foundation, which in turn provides direct cash donations to other charities
such as local children's hospitals and charities. The amount that your vehicle ultimately sells for is based upon its
make, year, mileage and condition. These are the sales proceeds from your vehicle. Car Donation Foundation also has normal
expenses involved in directly promoting the car donation program (advertising) and costs involved in turning
your donated vehicle into cash (towing fees, auction fees, administrative costs). Car Donation Foundation's cash donations to
children's hospitals and charities are based upon the sale proceeds of all donated vehicles during a given month, less
deductions for normal monthly costs such as towing, advertising, auction fees and administrative fees.
Because of the difference in sales proceeds from one vehicle to the next and because of the costs involved
in turning your donated vehicle into cash, the donation that Car Donation Foundation makes to children's hospitals and charities from the sale
of your individual vehicle can be a larger percentage for a higher value vehicle, or much lower for an older
low valued non-running vehicle that is recycled. The lower percentage is a result of there being minimum
fixed costs incurred to obtain, tow and sell each car. These fixed costs can sometimes be a high percentage
of the selling price of a low valued scrap vehicle. Car Donation Foundation does receive a large number of donated scrap
vehicles, which can bring the estimated average donation per vehicle percentage down. For the first quarter of 2016, the average
percentage of the sale price donated to benefitting charities was approximately 32%.
Car donation programs do have higher costs to promote and operate, compared to other forms of
charity fundraising. If you are concerned about giving 100% of the value of your vehicle to a charity, the
best way to do so is to sell your vehicle yourself and directly donate your sale proceeds to your favorite
charity. We invite you to read more about the
published by the three leading guides in nonprofit information.