We welcome all levels of donation, whether it’s a one-time gift, a monthly donation, or a donation of your valuable time and energy. To get the process started, please contact us on our donation hotline, 877 269-2202 (Toll Free). On behalf of Foundation staff, we would like to extend our deepest gratitude to you for your appreciation in our work and your ongoing support in making it a reality! If you would like to donate online, please click here.
It’s time to think about charitable giving – so please remember that you may be eligible for a tax deduction for your charitable contributions. The following are basic guidelines on how to claim tax deductions for your gifts. Be sure to consult a tax specialist for specific information about your situation. If you haven’t a charity of choice — why not consider a gift to the BMW CCA Foundation, especially to Street Survival, the teen driving skills program? If you’re interested, please visit our donations page – or you may contribute securely through our Cause on Facebook.
The sluggish American economy is showing its effects on charitable donations, which rose just 1 percent last year after inflation, according to Giving USA in June, 2008; but despite that the BMW CCA Foundation is finding ways to attract new donors, taking pains to keep current donors from straying to other causes, and is encouraging contributors to make commitments not just for one year, but over long stretches of time.
Americans donated $306.4-billion in 2007, but fund raising has faced more challenges in 2008 and more so in 2009, especially as the housing and financial-services industries began to crumble, fuel and food costs rose inexorably, and the stock market’s volatility strained individuals and organizations across the country. Charities report that donors of all types have recently delayed or reduced gifts – or stopped giving altogether.
Undaunted, the Foundation is working to expand and diversify their fund-raising and develop other sources of revenue that can offset the effects of a shaky economy.
The commercial partnership and joint marketing agreement with The Tire Rack of South Bend, Indiana continues to flourish and we look forward to many more years of collaboration in saving teen lives.
Charitable deductions can only be claimed on Schedule A of IRS Form 1040. Be sure to have the proper documentation for all contributions you list on the return. You may deduct your contributions to religious, charitable, scientific, educational, literary, and other institutions that are incorporated or recognized as 501(c)(3) organizations. Gifts to other kinds of nonprofits, such as 501(c)(4) organizations, cannot be deducted. To see whether your charity is eligible to receive tax-deductible contributions, please view IRS Publication 78.
For cash contributions less than $250, the canceled check, credit card or cash receipt will suffice. For contributions of $250 or more, you must obtain a “contemporaneous written acknowledgment” from the charity, either on paper or electronically (such as by email) which must contain the name of the organization, date and amount of a cash contribution or description of a non-cash contribution, and a description of benefits (if any) received in return with an estimation of their value or if none, a statement to that effect. The BMW Car Club Foundation provides such documentation for all charitable contributions.