Auto Insurance Companies: Their Charitable Donations And Impact

what auto insurance company donate

Auto insurance companies donate to a variety of charities and nonprofit organizations. These donations are often in the form of cash or vehicles, and they support various causes such as housing, healthcare, and community development. Some companies also offer discounts or special rates for nonprofit organizations. For example, Nationwide, The Hartford, and Travelers offer auto insurance for nonprofit organizations, with Nationwide being the top recommendation for its numerous discounts and affordable rates. Auto insurance companies also play a role in vehicle donation programs, where they facilitate the process of donating cars to charities. These programs allow individuals to contribute their vehicles towards supporting charitable causes while also receiving tax benefits. Overall, auto insurance companies contribute to society through their donations and support for charitable initiatives.

Characteristics Values
Founded 1982
Type One of the nation's largest salvage auto auctions
No. of Locations 165+
Donation Tool Auto-Donation.com
Public Awareness Program One Car, One Difference
Donation Process Handles the donation process from beginning to end on behalf of the charity
Charity Registration IRS as a 501(c)(3) nonprofit
Auction Company Impact Auto Auctions
Auction Types Live auctions with live internet bidding
Auction Items Drivable vehicles, slightly damaged but still repairable vehicles, recovered stolen vehicles and parts
Recycling & Dismantling Solutions for auto recycling and dismantling
Search Tool IAA Express Search Tool

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Insurance Auto Auctions Vehicle Donation Program

Insurance Auto Auctions (IAA) is one of the largest salvage auto auctions in the US, founded in 1982. With over 165 locations, IAA is well-positioned to handle car donations for charities. IAA's Donation Division provides complete donation services for charities registered with the IRS as 501(c)(3) non-profits. The company's vehicle donation program, Auto-Donation.com, and its public awareness program, One Car, One Difference, handle the donation process from start to finish on behalf of the charity.

IAA has a direct means of selling donated cars through its family company, Impact Auto Auctions, one of the largest auction companies. Impact Auto Auctions combines live and online bidding to sell drivable vehicles, slightly damaged but repairable vehicles, recovered stolen vehicles, and parts.

For donated vehicles that are no longer drivable, IAA offers auto recycling and dismantling solutions, turning salvage vehicles into scrap metal, parts, and aftermarket automotive businesses. The company also provides an online search tool, IAA Express Search Tool, which customers can use to find vehicles on their website or Facebook page.

IAA handles donations for well-known charities, including the American Red Cross, the American Heart Association, and the Boy Scouts of America. The company is known for returning a high percentage of gross proceeds to the charities it works with. According to records from the California Attorney General, IAA generated $78,293 in revenue from donated vehicles and gave $56,362 to charities, amounting to 72% of the gross proceeds.

IAA's vehicle donation program offers a reputable and efficient way to donate vehicles, ensuring that a fair share of the proceeds reaches the chosen charity.

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Make-A-Wish Foundation

The Make-A-Wish Foundation works with Wheels For Wishes, a car donation charity and a federally registered 501(c)(3) non-profit organisation, to help grant wishes to children with critical or life-threatening illnesses. Wheels For Wishes has been working with Make-A-Wish since 2009 and has donated over $115 million to Make-A-Wish chapters across the United States.

Wheels For Wishes accepts donations of most vehicles, including cars, trucks, motorcycles, SUVs, RVs, and boats. They offer free pick-up services for these vehicles and provide donors with a tax-deductible receipt for their donations. The proceeds from the donated vehicles are used to support Make-A-Wish chapters in granting wishes to children in their local communities.

The Make-A-Wish Foundation has numerous chapters across the United States, including in New York, Texas, California, Florida, Pennsylvania, Virginia, and many others. Each chapter works to grant the wishes of children facing critical illnesses in their respective communities. For example, the Make-A-Wish Suffolk County chapter has granted over 2,400 wishes, including wishes to go to Disney, meet WWE wrestlers, and visit the set of Harry Potter in the UK.

Through the support of donors and partners like Wheels For Wishes, the Make-A-Wish Foundation is able to bring joy and hope to children facing challenging medical circumstances, allowing them to focus on their dreams and experience the joy of being a kid again.

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Habitat for Humanity

Since its launch in 2005, Cars for Homes has accepted over 160,000 vehicles for resale or recycling, raising funds to support Habitat for Humanity's mission. The program has generated over $72 million in the last five years, with between 84% and 87% of gross revenue from vehicle sales going directly to the organization. This high return enables Habitat for Humanity to have a more significant impact on communities across the country.

Donating a vehicle to Cars for Homes is straightforward. Individuals can start the donation process online or by calling 1-877-277-4344. The team will ask for information about the vehicle, including the make, model, vehicle identification number (VIN), and current mileage. Once the vehicle is accepted, donors can schedule a day and time for it to be picked up. It's important to note that the vehicle does not need to be in running condition, but it must be whole and have four inflated tires for the towing operators.

By donating a vehicle to Habitat for Humanity's Cars for Homes program, donors can directly support their local communities and help families build a better future. It is a convenient way to get rid of unwanted vehicles while also contributing to a worthy cause.

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Ronald McDonald House Charities

RMHC accepts vehicle donations through its Vehicle Donation Program. The program accepts all types of vehicles, including cars, trucks, RVs, motorcycles, campers, boats, planes, heavy equipment, and farm machinery. The donation process is easy and free, with towing services available across the United States. The proceeds from the sale of donated vehicles support RMHC programs, helping families with the medical care and resources they need.

RMHC provides detailed information on the vehicle donation process on its website. Donors can call 855-CarsHelp (227-7435) or complete an online donation form to initiate the process. The charity will arrange for a licensed tow company to pick up the vehicle at a convenient time for the donor. RMHC handles the selling of the vehicle and provides donors with the necessary tax documentation.

RMHC's vehicle donation program offers a convenient way for individuals to support families in need. By donating their unused or unwanted vehicles, individuals can make a meaningful impact on the lives of families facing medical challenges. The program ensures that funds raised from vehicle donations go directly towards supporting RMHC programs and providing much-needed assistance to families with sick children.

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American Red Cross

The American Red Cross is part of the International Committee of the Red Cross, the world's largest humanitarian network, which has over 13 million volunteers in 187 countries. The American Red Cross provides humanitarian aid, disaster relief, and teaches international humanitarian law.

The American Red Cross accepts vehicle donations through its Vehicle Donation Program. The program is available across all 50 states and donors can fill out an online form or call 1-855-92 RC CAR (855-927-2227) to initiate the donation process. The Red Cross will then coordinate with its partner, CARS (Charitable Adult Rides & Services), a 501(c)(3) non-profit, to pick up the vehicle at no cost to the donor. The donor will receive a tax receipt and the vehicle will be sold, with the proceeds going to support the mission of the American Red Cross.

The Vehicle Donation Program accepts various types of vehicles, including cars, trucks, vans, SUVs, boats, motorcycles, RVs, snowmobiles, jet skis, heavy equipment, farm equipment, and tractors. The vehicle must be in one piece, have an engine, and be tow truck accessible.

Donating a vehicle to the American Red Cross provides a cost-free way for donors to dispose of unwanted vehicles while also providing a tax deduction. The proceeds from the sale of donated vehicles support the humanitarian mission of the Red Cross, enabling the organization to provide relief and support to those affected by disasters and other emergencies.

In addition to vehicle donations, there are several other ways to support the American Red Cross financially, including online donations, phone donations, mail donations, and mobile donations. The American Red Cross also offers opportunities for individuals to donate blood, volunteer their time, and fundraise on behalf of the organization.

Frequently asked questions

Verify the charity's status using the IRS's Tax Exempt Organization Search tool and review its ratings on independent watchdog sites like Charity Navigator. Ensure the organization is registered as a 501(c)(3) non-profit with the IRS and check its financial transparency and accountability.

Research and select a reputable charity whose mission and values you support. Contact the charity and inquire about their car donation program and requirements. Provide the necessary information about your car, including make, model, year, mileage, and VIN number. Transfer ownership and coordinate with the charity on how they will take possession of the vehicle.

The tax deduction for vehicle donations varies based on the car's fair market value, how the charity uses the car, and your tax bracket. Consult the IRS guidelines for vehicle donations to determine the exact amount you can deduct. Generally, if the charity sells your car for less than $500, you can deduct the greater amount between the fair market value and the selling price. If the car sells for more than $500, you can deduct the selling price.

Most charities accept a wide range of vehicles, including cars, trucks, motorcycles, RVs, boats, and SUVs. Some organizations may have specific restrictions, so it is essential to review the charity's policies and guidelines for car donations. Ensure that you have clear ownership of the vehicle and that the title is in your name before donating.

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