Send your car to college!
When it's time to find a new home for your vehicle, instead of disappointing trade-in values or private party haggling, we invite you to consider donating to the Foothill-De Anza Foundation.
Simply call the Foundation at 650/949-6230 or email email@example.com. We will handle the paperwork and find a time that's convenient for you to pick up the vehicle!
The American Jobs Creation Act of 2004, which became effective on January 1, 2005, has established new rules regarding your donation which are summarized below. Any questions should be addressed to your tax advisors:
- If the tax deduction you claim is $500 or less, you may deduct the full fair market value of your car as determined by you.
- If your deduction claim exceeds $500, your deduction is limited to the sales price received by Foothill-De Anza Foundation (FHDA) when it resells your car. FHDA will send you a notice as to the amount of your deduction within 30 days after the resale price is determined.
- FHDA will resell the car to an independent operator who will make any needed repairs and then resell it to the general public. FHDA will receive approximately 50% of the resale price and your contribution deduction will be the amount FHDA receives. However, if that amount is less than $500, you can deduct the $500 so long as this is not greater than the fair market value of the car.
Former Trustee, Judy Moss, donates her car and gives
the keys to Associate Director, Cheryl Hylton.
Back to Ways to Give