Thursday, October 17, 2019

Are you donating a car to charity? Proceed with caution

Are you donating a car to charity? Proceed with caution

Vetmade industries has a vaunted mission. To return disabled warriors to the workforce. It boasts that "93 percent of funds go directly to the cause of helping our heroes."

well meaning folks donated cars worth more than $2 million to tampa-based vetmade in 2015-but only $91348 made it to the charity, according to data from the California attorney General. That's 4.5percent.

what happened to the overwhelming bulk of that money? about $1.9 million 95.5 percent of revenues was spent by a company called just donated inc in orange, which specializes in "promoting your cause and generating a steady flow of vehicle donations." according to its online pitch.

Vehicle donations are one of the most costly ways to give in all of philanthropy, those in the industry say. They are complicated and time intensive, often repuiring extensive advertising, expensive towing, mechanical repairs, storage, paperwork and eventual sales of what are often clunkers.

all that costs a lot of money. But, as we"ll show you,some charities get a lot more out of it  that others.

campbell has been happy with just Donated, he said , after all is said and done , some copanies dont retur anything to the charities at all.

fund raising partners also handled car donations totaling $593889 for Faith's Hope Foundation in Fullerton. The return to that charity was even lower -just $3213, or 0.5 percent.

if the car runs,drive it to the charity yourself. That all save money on pickup and towing. 

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