WGBY Vehicle Donation Program
Thinking about selling your car, boat, motorcycle,
truck, or other vehicle? Donate it to WGBY instead!
Take part in our new
Vehicle Donation Program and support the television programs you
love on WGBY, and receive a tax deduction when you itemize
your return.
Here's How it Works
All you need is a clear title, and we'll
take care of the rest, including pick-up, at no cost to you. Once your
vehicle has been sold, you'll be sent a receipt for your tax records, and
the sale proceeds will be donated to WGBY in your name. You'll
receive a one-year membership to WGBY at the membership level that coincides
with your donation amount.
To learn more about this exciting new program,
call 888-572-9429 or send us your questions using the form below.
Frequently Asked Questions About WGBY's Vehicle Donation Program
What are the benefits of donating my car to WGBY?
WGBY benefits by receiving a cash donation to fund new and existing programs
and increase community awareness through local events.
You benefit by being able to reduce your taxable income when taxes are itemized.
Plus you avoid the costs associated with selling your car. No need to pay for
advertising, no loss of privacy and possible security risk, and no need to
pay for vehicle registration, insurance, and repairs to keep your car in running
condition while you wait for a buyer.
Does my car have to be running to donate it?
In some cases we can take your car, running or not. However, it must have an
engine and be tow-able. Contact a representative at 888-572-9429 to find
out if your vehicle qualifies for pick-up.
Do you only accept cars for donation?
Many types of motor vehicles are accepted including boats, motorcycles,
trucks, and cars. If you are uncertain as to whether or not your vehicle is eligible,
please contact the vehicle donation program toll free at 888-572-9429.
How long will it take to pick up my vehicle?
We make donating your car as simple and convenient as possible. A tow company
will contact you within two to three business days. Call our representatives
at 888-572-9429.
Do I have to be with the vehicle at the time of pick-up?
No. Special arrangements can be made by calling our representative.
What paperwork do I need?
The only paperwork needed is a signed, clear title. Have
your title with you when you call-in your donation. [Please note:
a clear title indicates the title is in the name of the donor without a lien].
Do I need a smog certificate in order to donate my car?
For states that require smog certificates or safety inspections, you may donate
your vehicle without these documents.
What if I receive legal notices?
In the rare event that you receive any notification of a lien sale, DMV actions
or other activity related to your donated vehicle, please contact us at 888-572-9429
immediately for assistance.
Tax Questions
How does the new law effect my tax deduction?
Donors are no longer responsible for determining the deductible value of their
donation. Instead, they will receive IRS Form 1098-C, Contributions of Motor
Vehicles, Boats, and Airplanes if the proceeds from the sale exceed $500,
stating the amount of the gross proceeds from the sale of the donated vehicle.
The amount listed on IRS Form 1098-C, Contributions of Motor Vehicles, Boats,
and Airplanes will be the gross proceeds of the deductible donation.
Will I get a tax receipt for my donation?
Yes, our driver will issue a receipt at the time of pick-up. This is not your
final tax receipt unless the sale of your vehicle does not exceed $500. This
initial acknowledgement will indicate your name as well as the year, make,
model and condition of the car you are donating. It will be your only receipt
if your vehicle sells for less than $500.
What can I claim as a deduction?
According to the tax law effective January 1, 2005, if the claimed value of
the donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds
of the sale.
An IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes
will be mailed to you within 30 days of the sale stating the amount of gross
proceeds received from your car, provided your vehicle sold for more than $500.
This will be your tax receipt for your charitable contribution.
How is the value determined on the vehicle donated?
The value is determined by the gross proceeds raised from the sale of the donated
vehicle. You no longer have the burden of determining the value yourself.
Does the new law affect WGBY?
WGBY has additional paperwork in reporting the gross proceeds raised from
the sale of the vehicle to the donor and IRS. The process of obtaining the
cash donation from the vehicle remains the same.
What if my car is valued over $5000?
Effective January 1, 2005, you are no longer required to have vehicles appraised.
The value you may claim will be the amount of gross proceeds received from
your vehicle.
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