This week we’re featuring a fun donation to U.S. Fund for UNICEF, a sharp Mercedes-Benz 560SL. These slick convertibles with the detachable hard tops were produced from 1971 through 1989. They are the second longest single series ever produced by the Mercedes after the G-Class.
The Mercedes-Benz 560 SL is really the ultimate classic roadster. The car was built for the luxury market but the durable V8 engines have made the SL a very desirable collectors piece. With advanced safety features for a car of this age SL collectors are driving these around town on a daily. Our California car donor took very good care of this SL but the vehicle was stored outside and needs some cosmetic TLC.
We’re always excited when we receive a donated classic convertible!
#roadster #ragtop #classicmercedes
About the U.S. Fund for UNICEF
The U.S. Fund for UNICEF supports UNICEF’s work, and other efforts in support of the world’s children, through fundraising, advocacy and education in the United States. To donate your vehicle in support of the US Fund for UNICEF, visit Car Donations for US Fund for UNICEF or phone us at 1-855-487-3863.
Donating a car can seem like a daunting task but here at Car Donation Wizard we provide all of the necessary information that our donors need to know before they make that big decision.
Firstly, knowledge is key. There are a lot of car donation programs out there that claim to give high returns to their charity partners, when in reality the charities are lucky to receive 10%-30% of gross proceeds.
Tip #1 : Ask how much of the proceeds from the sale of your vehicle go back to the charity and it’s missions/cause. Look out for charities or organizations that are partnered with charities that only tell you the net return- this should be red flag number one.
Some of the vehicles damaged in Hurricane Sandy ranged in age and type from new to old, and high end to low end. Many different neighborhoods along the shore were affected. There were also neighborhoods inland that happened to be along rivers and bays that flooded. In addition to flood damage there was also significant damage from falling objects like trees and debris.
Whether insured or uninsured, many vehicles damaged by Sandy wound up at auto auctions as the first step in the recycling process. Depending on the extent of damages and the winning bid several outcomes are possible. The vehicle may be reconditioned and offered for sale, exported to a foreign country, dismantled for parts or processed for scrap metal value. the vehicles are sold “as is” at the auction to the highest bidder. The vehicles have varying levels of damage.
Besides cars and trucks, many other vehicle types were victims. The Boat Owners Association of the United States (BoatUS) estimates that 65,000 recreational boats, both insured and uninsured, were damaged or lost in Sandy at an estimated dollar loss of $650 million. That made Sandy the single largest disaster for recreational boats on record.
With the 2012 filing deadline today, we thought it might be helpful to describe how car donations and tax deductions work to your benefit.
For questions not answered here, please feel free to call us at: 877-957-2277.
If you donated a car in 2012 to a charity featured on Car Donation Wizard, such as: Habitat for Humanity, Car Talk, NPR, U.S. Fund for UNICEF, American Cancer Society or any of our other great partners, you were provided with a tax deductible receipt listing the gross selling price for your vehicle. Any 501(c)(3) charity (re: reputable charity), will provide you with a tax deducible receipt for your donation. Based on tax laws, the IRS states that you are eligible to deduct the fair market value of your donated vehicle.
It’s good practice to always consult a tax adviser or the IRS for more information about how you can claim charitable deductions for your vehicle donation. The IRS can answer your tax questions and can provide tax forms, publications, and other reading materials for further assistance. IRS materials are accessible through the Internet at www.irs.gov, through telephone ordering at (800) 829-3676, and at IRS walk-in offices in many areas across the country.
Tax Related Car Donation Help Links
If you have additional question about deductions and IRS Regulations the following links may be of assistance:
As the fighting in Syria rages, many children have been cut off from a vital necessity: clean water.
The conflict has shut down treatment facilities, leaving millions with limited access to clean drinking water and basic hygiene. Diarrhea and other waterborne diseases are on the rise – and children are especially at risk.
UNICEF is helping those children through a large-scale water treatment operation that was kicked off in Syria last month. Trucks began transporting 264,000 gallons of chlorine to cities and communities across the country. In total, UNICEF plans to treat enough water to provide safe drinking water to 10 million people – nearly half the country’s population.
Help bring us closer to the day when ZERO children are deprived of clean water. Support the UNICEF Tap Project in March – World Water Month. And thank you, for all that you do.