National Kidney Foundation Shifts Gears
mi...@mail.be
Program in the Face of New Legislation
http://www.donate-cars.info/index.php
PHILADELPHIA, Oct. 14 /PRNewswire/ -- If you thought vehicle donation
programs would run out of gas after Congress included a provision in a
corporate tax bill limiting donor tax deductions, think again says the
National Kidney Foundation. The foundation runs the Kidney Cars
Program, one of the nation's leading charity vehicle donation programs.
The new legislation limits the tax deduction donors can claim to the
actual price the charity receives for the vehicle and not the Kelly
Blue Book value. The legislation will also increase the amount of
documentation charities are required to process and record. The
foundation says the legislation will increase by several weeks the
turnaround time between the vehicle pick up and the mailing of a donor
receipt because of the new requirement to track vehicles until they are
sold.
"The Kidney Cars Program is anything but dead," John Davis, National
Kidney Foundation CEO, said. "Despite the new rules, this gift-in-kind
program remains a viable option for individual and corporate donors who
wish to support the foundation. Over the last 15 years, Kidney Cars had
helped us raise millions of dollars to fight kidney disease and we are
committed to continuing this success with the new regulations in place.
We know our donors and their primary motivation is not the tax
deduction. Recent surveys indicate that the number one reason for
donating is because Kidney Cars offers a simple, fast and free method
of disposing of unwanted cars while helping a good cause. Getting a tax
deduction was the number two reason for donating."
In fact, only 30% of Americans itemize on their tax returns and those
who do not itemize cannot claim the tax deduction for a car donation.
"We are concerned about the possibility of losing some donors of
higher-end vehicles who may elect not to donate to Kidney Cars because
of the new tax rules. But overall, the legislation limiting tax
deduction does not affect most of our donors," Davis continues.
The Kidney Cars Program was initiated in 1991 and recovers nearly
75,000 vehicles annually. 67 cents of every dollar raised through the
program allows the National Kidney Foundation and its 51 local
affiliates to provide patient and family services, fund research,
support health care education and promote prevention and early
intervention of kidney and urologic disease.
To learn more call the foundation at (800) 697-7007 or to donate go
online to http://www.kidneycars.org/.
CONTACT: Megan Curtis of the National Kidney Foundation,
+1-800-697-7007