Why Donate Your Vehicle to MCF?
Most other non-profit, charitable organizations will sell donated vehicles at a car auction which usually results in a lower tax credit value for the donor. However, MCF is different! Because we actually use the donated vehicle in ministry, the IRS will allow the donor to receive a tax deduction equal to the FULL BLUE BOOK VALUE for their car! Plus, your car gets used in the Lord’s ministry!
MCF is a registered 501(c) 3 nonprofit, charitable, Texas corporation and any donation you make will qualify for an IRS TAX CREDIT.
What Kind of Donations Does MCF Accept?
We accept donations of all kinds and types of vehicles: Cars, Trucks, Motorcycles, Boats, RVs, Campers and even Planes. Vehicles that are not suitable for missionary use will be sold for the highest price available and that money will be used to maintain and repair our fleet of missionary cars.
We prefer good reliable vehicles that we can place on the road for missionary use. However, we also accept cars that can be sold and the proceeds will be used to keep our fleet of cars in good working order.
Please be sure that any vehicle you donate is clean and in good mechanical condition. Your donation is an offering to ministry and not an opportunity to unload a junk car. We do not have the resources necessary to rehabilitate a scrap vehicle.
MCF can also accept other tangible assets which can be sold to benefit our missionary work. These include, but are not limited to: Checks, Cash, Stocks, Bonds, Gold, Land, Real Estate or other valuable assets.
How Can You Donate?
If you have a car, truck, vehicle, cash or other assets you wish to donate, please call us and we will discuss your donation over the phone. We will also come and pick up your vehicle and do most of the paperwork required for your IRS tax statement.
CALL US TODAY!
Douglas R Miller, MCF President at 713-988-7459
or email us here.
Internal Revenue Publication 4303: A Donor’s Guide to Vehicle Donations
A donor can deduct contributions to charity only if you itemize deductions on your Schedule A of Form 1040. Charities typically sell the vehicles that are donated to them. If the charity sells the vehicle, generally your deduction is limited to the gross proceeds from the sale. However, there are certain exceptions. One of the exceptions states, that you may be eligible to deduct your vehicle’s fair market value on the date you donated it, if the charity’s acknowledgement contains a statement certifying that the charity intends to make a significant intervening use of the vehicle, a detailed description of the intended use, the duration of that use, and a certification that the vehicle will not be sold before completion of the use.