Below are commonly asked questions that may help you as you prepare to donate your vehicle. If you have additional questions, please email us at: Support@TheHourgassFoundation.org
FAQs:
- A copy of the title – We will send a FedEx label to you, so that you can send the title to us. You do not send the title with the vehicle when it is picked up. (You do not need to sign your title before sending. We will request a VIN-specific Power of Attorney for title work)
- Pickup address
- A contact name, number & email
- Last 4 digits of social security number (we will need this for tax forms)
Vehicle donations need to be openly accessible for safe towing (front driveway, in front of the home or apartment building, or on the street and without any other vehicles or other items blocking the intended donation).Please let us know if you are concerned about accessibility, and we will do our best to support you.
- Donating is easy and the pick-up is at no charge to you
- We can schedule pick-up at a time that is convenient for you
- Donating eliminates the costs and headaches associated with selling a car, like paying for advertising, insurance or car repairs while you look for a buyer
- Donating avoids the costs associated with keeping a car, such as registration, insurance, car repairs, and more
- You can free up space at home and/or stop paying for extra parking
- Vehicle donations are tax-deductible, and you could reduce your taxable income when taxes are itemized.
- The proceeds from the sale of donated vehicles goes towards our student scholarship gifts. These gifts enable hardworking, passionate students to acquire an education they might not otherwise be able to afford. Plus, by investing in the next generation of automotive techs and skilled trades professionals, you will be helping to reduce the skilled workforce shortage
There is no cost to the donor. Any expenses are deducted from the gross sales price. If the costs exceed the sales price, those costs will be covered by Flexco Fleet Services.
- If state notification is required, it is up to the donor or owner of the donated vehicle to complete this process. Please do not rely on the pick-up driver or vendor to report to the State/Motor Vehicle Department that you are no longer in possession of the vehicle.
- Only cancel your vehicle’s insurance AFTER you have notified the state that you’ve donated your vehicle. If your state requires notification, please be aware that you should never cancel your insurance prior to reporting to the state you are no longer in possession of the vehicle. This is a general rule for States/Motor Vehicle Departments that require Notification be submitted or license plates returned.
Yes, this is emailed to the donor following the sale of the vehicle
Note: The Hourglass Foundation is a registered 501(c)(3) Nonprofit Organization, this means if the Foundation sells the vehicle for $500 or less, a deduction for the lesser of the vehicle’s fair market value on the date of the contribution may be claimed, or $500, provided you have written acknowledgment (i.e. the initial donation receipt or the thank-you letter you receive once the donation process is complete).
If the vehicle sells for more than $500, you can claim the gross sales price for your tax deduction. The Hourglass Foundation will provide a receipt upon the sale for tax purposes.
