AUTO DONATION
No Longer Bound accepts donations of automobiles, boats, motorcycles, RV's, trailers, and anything else on wheels. We can ensure you will be qualified
for a full tax deduction on your donation.
According to IRS publication 526, the following rules apply to any donation of a qualified vehicle.
A qualified vehicle is a car or any motor vehicle manufactured mainly for use on public streets, roads, and highways, a boat, or
an airplane.
If you donate a qualified vehicle to a qualified organization and you claim a deduction of more than $500, you can deduct the smaller
of the gross proceeds from the sale of the vehicle by the organization or the vehicle's fair market value on the date of the contribution.
However, by donating your vehicle to No Longer Bound you can take advantage of the two exceptions to these rules.
The first exception states that if No Longer Bound makes a significant intervening use of or material improvement to the vehicle before transferring it,
you can generally deduct the vehicle's fair market value at the time of the contribution. By utilizing our auto shop program at
No Longer Bound, we make significant improvement in the majority of cars that are donated before we sell them. Thus, our auto
shop program allows you to maximize your tax deduction.
The second exception states that if No Longer Bound gives the vehicle, or sells it for a price well below fair market value, to a needy individual to further
the organization's charitable purpose, you can generally claim a deduction of the fair market value at the time of the contribution. Many
of the vehicles donated to No Longer Bound are sold to program graduates trying to start over after leaving No Longer Bound or to
one of the many needy families in our community. Again, your automible donation to No Longer Bound can maximize your tax deduction.
For more information on the tax benefits of donating your automobile, please read the IRS Publication 526 and
"A Donor’s Guide to Car Donations".
If you are a church or other charitable organization that is not equipped to handle the hassle of
automobile donations, we encourage you to use No Longer Bound as an outsourced provide of vehicle
donation services. We will gladly arrange the pickup of the donated vehicle as well as handle all of the
necessary receipts and IRS paperwork.
When you are ready to donate your automobile to No Longer Bound, please contact Stephen Belcher at 678.679.1171 or
via email at stephen@nolongerbound.com. We can arrange
a time for you to drop off your vehicle at No Longer Bound or set up a time to come and pick up your vehicle for you.
Remember, the donation of your vehicle to No Longer Bound is a tax-deductible donation.
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