In today’s economy your donors still want to support your organization, but many are finding it increasingly difficult to give out of their limited cash resources. According to the IRS, over $50 billion of noncash donations are made each year. A large portion of U.S. wealth is located within assets; and by accepting these items, you are enabling your donors to connect with and support your organization in new—but still tax-deductible—ways.

iDonate is an organization that helps Nonprofit groups bring in more money by making it easy to accept and convert noncash donations. We have the experience to provide a turnkey solution, including gift pickup or shipping, sale of the item, tax receipting and sending proceeds to the Nonprofit organization. We make the entire process easy for the donor and the Nonprofit.

There is no cost to donate vehicles and boats. For most cell phone and inventory donations, the only charge your donor would have is an optional charge to ship the donation to our liquidator. If the donor does not choose to cover this charge, the shipping will be deducted from the final proceeds to  your Nonprofit.  Real estate and some inventory items may require the donor to obtain an appraisal for tax purposes.

Your organization will receive the gross proceeds less sale costs and an iDonate transaction fee.

The deduction is NOT the net amount your organization receives from iDonate. These are the general guidelines for deductions.
(iDonate strongly recommends that a tax advisor be consulted as tax laws change frequently and iDonate does not give tax or legal advice.)

1.    For vehicle and boat donations, your donor can deduct the gross amount the asset sells for, with one exception: If it sells for $500 or less, the deduction is the lesser of $500 or the fair market value.

2.    For business inventory donations, your donor can generally deduct the inventory’s fair market value minus any gain they would have realized on the date of contribution. For more information, see IRS Publication 526.

3.    For real estate and most other noncash donations, your donor can usually deduct the fair market value of the gift at the time of transfer. The fair market value for deductions over $5,000 is determined by a qualified appraisal, which must be performed no earlier than 60 days before the gift. Appraisal guidelines can be found at http://www.irs.gov/publications/p561/ar02.html#d0e1653.

iDonate accepts real estate, business inventory, cell phones, boats and vehicles, which includes cars, RVs, motorcycles, trucks, most heavy equipment and even planes. Donations are screened to ensure that your organization will benefit from the gift.

In general, iDonate does not accept donations with a market value that is too low to generate significant proceeds for the Nonprofit, such as timeshare properties and artwork.

iDonate Foundation, Inc., a nonprofit corporation, owns the donated assets. This means that you are not responsible to carry the donation on your books or do IRS tax receipting.

This depends upon you and upon your donor base. Noncash donations are a new way to think about giving and generosity, so you may need six months to a year to educate your donors about this opportunity. Consistent messaging is the key, so iDonate has designed marketing pieces to assist you.

You will typically receive proceeds from vehicles and cell phones within 60 days. Real estate, business inventory and some specialized vehicles may take up to six months. Our goal is to minimize the time you wait and maximize the return to your Nonprofit.

Absolutely! iDonate has the resources and expertise to process and liquidate donations in all of the contiguous 48 states.

The Creative Giving System (CGS) is iDonate’s asset-tracking system. Each of our nonprofit clients has a login through which you can view your donor information, donation descriptions, liquidation status and a breakdown of costs and proceeds. CGS also provides automated receipting personalized for each client.