Fairfax Host Lions Club
Vehicle Donation Program
DONATE YOUR VEHICLE
Get a tax break and help your community. Fairfax Host Lions
Club operates its' own Vehicle Donation Program. Our
Program generates more charitable funds than other programs because
we pick-up, handle and sell all donated vehicles ourselves.
100% of the net proceeds go back to help our local community.
You get a tax deduction up to the limits allowed by the IRS.
Everybody benefits.
THE NEW IRS REGULATIONS
The IRS has changed the way you can deduct a vehicle donation
as of January 1, 2005. You used to be able to deduct the fair market
value of the vehicle at the time of the deduction – but no
more. The new rules allow the donor to deduct only the amount the
Charity receives for the vehicle. Most Charities do nothing more
than wholesale or auction off their donations, resulting in limited
income and a limited tax deduction to the donor. There are exceptions
to the rule and that is where your donation to the Lions Vehicle
Donation Program is different!
WHY OUR PROGRAM IS DIFFERENT
One of the exceptions to the new IRS regulations allows donors
to still deduct the fair market value of their vehicle, provided
the Charity “materially improves the vehicle”. Since
we run the program ourselves, are discriminating in the vehicles
we choose, repair and materially improve vehicles that we accept,
and sell at retail most of the vehicles we get, the donor is still
able to deduct the fair market value of the vehicle donation from
their taxes. Some donations may not qualify for this exemption based
on condition. Of course, you need to consult your tax advisor on
any tax issues.
WHAT HAPPENS AFTER YOU DONATE YOUR VEHICLE?
Your vehicle is taken to the donation processing center in Chantilly,
VA for assessment. We have the capability to repair or perform maintenance
and get the donated vehicle ready for sale. Provided the vehicle
is repairable for less than what we could sell it for, your vehicle
is repaired and given a fresh VA state inspection. The vehicle is
then marketed through various means and sold to a buyer in need
of a good used vehicle. We’ve even had vehicle donors in need
of a new vehicle purchase recently donated and repaired vehicles!
OUR MISSION
The mission of the Fairfax Host Lions Club is to serve our neighbors
and our community, to help those less fortunate, and to raise funds
to finance our charitable programs. In addition to our commitment
to aid those in need of sight and hearing assistance, we also perform
other regular community activities.
It’s not all work. We build FUN into every activity. Accordingly,
our fundraisers and community activities are less demanding and
keep our members interested. We have a family picnic each September,
a silent auction in February, a Holiday Dinner in December and many
different events with our spouses and families throughout the year.
|
