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Do Not Donate Your Car to a Middleman - Here is Why



According to the latest report, nonprofits that use commercial middlemen to process automobile donations can see as little as 10 percent of the money raised by selling the vehicles, making contributing cars one of the most expensive ways to give.

In California, charities got 31 percent of the $17.7-million raised by car donations in California in 2012, down substantially from 53.8 percent the year before. Costa Mesa-based Michael Reese Enterprises, one of the leading firms in the field, raised $6.37-million in 2012 on behalf of nonprofit clients, which received 11.2 percent of the money, according to the California attorney general’s office.

In one case cited by the Register, the Breast Cancer Research Foundation received $475,624 from $4.76-million worth of vehicle sales processed by Michael Reese.

Related:
Donate Your Car for Kids in Need

James Neely, the company’s president, said the numbers reflect the complex and time-consuming process the firm takes on for charities, including towing, repairs, storage, and advertising and selling cars that are often clunkers. “That money isn’t going into my pocket or the charity’s pocket—it’s going into the advertiser’s pocket,” he said. “It’s the cost of doing business, and it’s very costly.”

Do Not Donate Your Car to a Middleman - Here is Why Reviewed by Brandon Oh on 10:31 PM Rating: 5

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