February 19, 2012
Despite Stricter Rules, Some Charities Still Seek Car Donations
Car donations once played a huge role in the fundraising strategy at Melwood, a Washington charity that helps people with developmental disabilities find jobs.
At its peak in 2004, it received nearly $11-million from selling about 29,000 donated cars.
But that all changed in 2005, when a new federal law sought to crack down on Americans who exaggerated the value of their cars to get bigger tax breaks.
Nationally, car donations fell 78 percent, from $2.6-billion in 2004