Tag: Timeshare

Timeshare Donation Program, timeshare donation.#Timeshare #donation


Timeshare Donation Program

Trying to sell the timeshare unit you are not using and you don’t want the hassle? If you don’t want to walk away from the timeshare and lose its entire value, you have several options. Reselling the timeshare unit may expose you to resale scams who compete with legitimate firms for your attention and business, and an internet “for sale by owner” sale entails some costs and a commitment of your time to offer the property. The above methods are likely to yield – with only rare exceptions – only a small fraction of your original purchase price. Another possibility is donating your timeshare to charity. You receive a tax deduction and benefit from the good feeling of your timeshare going to a good cause. This works only if you can find a charity willing to take the timeshare off your hands. The process is also complicated.

To simplify your donation, Timeshare Travel & Associates, Inc (TTA) a pioneer in the industry, has provided a way help timeshare owners make their donations. TTA, a resale marketing firm based in Salt Lake City, Utah, since 1984. Has accepted timeshares for donation to charity for more than a decade. Many timeshare units don’t sell for a lot of money, and transferring ownership of a deeded timeshare takes almost as much work as transferring ownership of a house. In addition, the annual maintenance fee has to be paid, and usage is time-sensitive, a problem that doesn’t exist with regular real estate.

Unless the charity wants to use the timeshare for recreational purposes, it must sell the donated property to raise funds. TTA accepts a timeshare donation in the owner’s name, donates the unit to a charity, then buys it back from the charity and sells it. TTA imposes no service charge to handle a donation and must stay in compliance with Federal tax laws.

“Timeshare donations are a win-win situation for the owners, many of whom can get a tax write-off worth up to 30 percent of the fair market value of their donated timeshare. The charity wins because we buy back the unit, and we try to resell it. The risk is with us, because we may have to sit on the property and pay the annual maintenance fee for a few years.”

“We ask sellers to pay the closing cost for the donation,” says TTA. “Each donation is handled like all regular timeshare resales with a recorded paper trail. We donate the unit to charity, and then buy it back. We have also helped several charities raffle off timeshare units.”

Charities to which TTA donates include:

  • Children’s Miracle Network, Provo, Utah office
  • Multiple Sclerosis Foundation, Portland Oregon office
  • YMCA, Hawaii Office
  • SPCA animal shelter – Connecticut office
  • Also includes about a dozen smaller religious charities and homeless shelters around the U.S.

The IRS rule on non-cash items is fair market value on items worth up to $5,000, without the need for an appraisal. Over $5,000 requires a certifiedappraisal dated within 60 days of the donation. In some instances, comparable listings found on a legitimate website will be acceptable in lieu of a appraisal. The taxpayer making the donation receives a Form 8283 in the year of the donation. Rather than taking the time for a appraisal, most everyone we work with stays under the $5,000 threshold.

Tax rules limit the total donations that a taxpayer can make in a single year, so if a family has several units to donate, TTA advises them to donate on unit a year for several years.

Who should consider timeshare philanthropy? “Anyone in a higher tax bracket where the tax incentives are good. Not someone on Social Security or unemployed,” says TTA. TTA also will combine the donation of a timeshare with a trade-in-for a larger unit in the same destination area or in a different area.


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How to Donate Your Time Share to Charity, donate my timeshare.#Donate #my #timeshare


How to Donate Your Time Share to Charity

Donating a paid-off time share to a charitable organization like the American Kidney Fund or United Cerebral Palsy is a viable and often better option than trying to sell it on your own. Although you won t profit financially, a tax write-off option for the fair market value allows you to recoup some of your investment. Although most charities work through an intermediary to simplify the process, the potential tax implications make getting professional assistance and advice a wise choice for you, too.

Choose a Charity

Locate charities that accept time-share donations. If you don t already have one in mind, search through an online database such as GuideStar, Charity Navigator or the Better Business Bureau Wise Giving Alliance. Make sure the charity is tax-exempt and that your donation will be tax deductible. Since most charities accept donations through an intermediary such as Donate for a Cause or Real Estate for Charities instead of directly, find out how much the charity will ultimately receive. Finally, make sure the charity will accept your donation.

Paperwork and Taxes

To claim a tax deduction for a time share valued under $5,000, you ll need to itemize deductions on Internal Revenue Service Form 1040 Schedule A. If the value of your time share is more than $5,000, you ll have to file IRS Form 8238, Noncash Charitable Contributions, along with Form 1040 and a copy of the property appraisal. Get this form before getting started because it requires signatures from an IRS-qualified property appraiser and the charity.

Value Your Time Share

Determine the time share s fair market value. If your time share is worth more than $5,000, the IRS requires a professional appraisal that s not more than 60 days old. If the value is less than $5,000, work with your accountant or tax attorney to determine and document the value. Make three copies of the appraisal or other valuation document — one for your records, one for your tax return and one for the charity.

Complete the Transfer

According to Donate for a Cause, the process of donating a time share takes about 12 weeks. It starts with filling out and returning the donation agreement, a copy of your deed and, if necessary, IRS Form 8238. Upon receipt of this paperwork, and before drafting a new deed, a closing company that works with the intermediary will conduct a title search and verify that property taxes and any maintenance or other resort fees are current. You will then receive a new deed that transfers ownership from you to the charity. After you sign it, have the new deed notarized and return it to the charity or its representatives; that s when you ll receive a tax receipt for your donation. You remain responsible for paying maintenance and all other fees until you receive the tax receipt.


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Donate Timeshare –, timeshare donation.#Timeshare #donation


Donate Timeshare to Charity

Timeshare donation

Get Out of Your Timeshare for Good

DonateMyTimeshare.org makes it easy to donate your timeshare to a worthwhile 501c(3) charity and to feel good about getting rid of your timeshare, because it benefits a good cause. Best of all, in most cases, you can donate a timeshare at no cost to you. We have partnered with the best experts in the industry to provide you with the advantages of donating your timeshare to a legitimate charitable organization, cost and hassle-free.

Donate My Timeshare

We re here to help you donate timeshares and make a difference!

You are not alone. Thousands of timeshare owners no longer want or use their timeshares, but struggle to sell or get rid of them. Selling a timeshare is not easy. After advertising costs, recording fees, title fees, resort transfer fees, and commissions, there is not much left to justify the hassle. This is probably why you are considering donating your timeshare.

Why Donate Your Timeshare?

Donate My Timeshare makes it easy to donate a timeshare, and there are many reasons why it might be the best way to get out of your timeshare ownership.

Do Something Good

By donating timeshares to charity, you can get rid of your burden while helping others. Donations processed by DonateMyTimeshare.org benefit Give Back Charities, Inc., an organization set up to support local communities through scholarships and grants for personal betterment, with a mission that once recipients are able, they will in turn support the charity and give back to the community. Learn more about Give Back Charities, Inc.: Click Here.

Take Advantage of a Tax Write-Off

Give Back Charities, Inc. is a 501c(3) charity, which means that in many cases by donating timeshare through DonateMyTimeshare.org you are eligible to deduct the fair market value of your donation from your taxes. If you donate time share, we will provide you with a tax receipt reflecting your donation to the charity. However, DonateMyTimeshare.org does not provide tax advice, and we recommend that you consult your CPA to determine if you qualify for a write-off. Click here to learn more: Timeshare Donation Tax Deduction.

Save Time, Hassle, and Money

Selling a timeshare on your own can take a lot of time, money, and energy. You save this when you donate a timeshare to charity. Timeshare donations are taken care of by our affiliated licensed, bonded, and insured title company in a quick and professional manner (usually completed within a few weeks). We take over the transfer process and paperwork for you, and guarantee transfer. This means that you don t have to continue to pay maintenance fees, taxes, and special assessments while the timeshare sits on the market. Plus when you donate timeshare or donate timeshare points, no fees are charged to you for using our services. Click here to learn more: How to Donate Timeshare.


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How to Donate a Timeshare Unit to Charity, Home Guides, SF Gate, donate my

How to Donate a Timeshare Unit to Charity

Donate my timeshare

Donating a timeshare to charity is an excellent alternative to selling.

Want to get rid of your timeshare? Consider using a donation broker who will sell it and give the proceeds to charity. Most deeded timeshares are eligible as long as they re in good shape, have no outstanding loans and have maintenance fees that are current. Donated timeshares being sold for charity often sell much faster than private sales, which could save you maintenance fees. In addition, you ll be able to deduct the market value on your tax return for the year in which you make the donation.

Find a organization that handles charitable sales. Searching “donate timeshare” on the Internet results in numerous listings for donation brokers and for charities that receive donations from brokers. Look for a broker with a Better Business Bureau rating.

Gather the information you’ll need to give the broker. According to Timeshare Trap, a website that offers advice to timeshare owners who want to get rid of their intervals, you’ll need the name, address and phone number of the resort; the deed; your membership contract; your financing agreement, if you have an outstanding loan on the timeshare; the maintenance fee schedule and the date of your last payment; real estate tax amount and due date, if they are not included in maintenance fees.

Call the donation broker or fill out a submission form on its website. Once the broker has all the information it needs to list the interval for sale, it’ll prepare a valuation to see how much it’s worth on the charitable-sale market.

Sign a consent form giving permission to the broker to sell your timeshare and donate the proceeds to charity.

Sign the new deed after the broker has sold the timeshare and closed the sale. It usually takes three to four months from the time you donate to close a sale.

Request a receipt from the organization that received the donation showing how much was received. This amount is the sale price of the timeshare, and it’s a safe estimate of market value for the IRS. In order to deduct the donation, you’ll need the market value and an explanation of how you arrived at it; the date of your donation; an explanation of how you obtained the timeshare, such as “I purchased it from the developer,” for example; and the original cost.


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Supporting patients in need, Ways to give – American Kidney Fund (AKF), donate my

Ways to give

There are many ways you can give in support of patients in need. Your donation helps ensure patients have access to lifesaving care in their fight for survival. Your gift also helps empower people at risk for kidney disease to prevent it in their lives and the lives of those they love. Your donation is not just a gift, it s an investment in others lives.

Find out about all the ways to give to the American Kidney Fund below.

Donate now

By clicking the link below, you will be able to fill out an online donation form and give a one-time gift to the American Kidney Fund now. When you give to AKF, you can feel certain that your support has a direct impact in the lives of kidney patients. Charity Navigator has given us a 4-star rating for the past 15 years and has also named us as one of the top 10 charities in the United States. We are proud to report that we spend 97 cents of every donated dollar on patients and programs.

Memorials & tributes

We know kidney disease is personal. With 30 million Americans living with kidney disease, you may know someone who is currently undergoing dialysis or have a loved one whose life was cut short. Your donation in honor or memory of your loved one is a powerful way to show your love and support of others whose lives are affected by kidney disease. Your gift creates a lasting and real impact for others in need and honors your loved one and his or her life.

Donate a car

Your unused car can be a vehicle of change for patients! By following a few easy steps, you can give your car, truck, RV or boat to the American Kidney Fund through Car Program, Inc., a reputable vehicle donation processor who will make all the arrangements at no cost to you. Help drive our mission to success!

Donate gently used items

Spring cleaning has never been more helpful. In selected cities, we partner with thrift store companies who will pick up used clothing and household items directly from your home. These companies give a portion of their proceeds as a donation to the American Kidney Fund. Your contribution helps support our work and helps keep your house clutter-free!

Stock donation

Your financial institution or broker can assist you in making a gift by way of direct transfer to the American Kidney Fund. As a donor, it might be easier for you to give the gift of stocks or bonds rather than a cash donation. Click here to learn more about this process and how your gift can be an investment in others lives.

Workplace giving

There are many ways for you to take advantage of workplace giving programs. Click here to see a selection of ways that you and your employer can use to help kidney patients in need.

Gift and estate planning

Your planned gift will help patients even beyond your lifetime. There are numerous ways to establish a planned gift, keeping in mind your long-term charitable giving plans and your heirs. Learn more about establishing a planned gift with the American Kidney Fund.

Become a corporate partner

Each year, we partner with amazing companies and business owners to accomplish our mission and help those in need. We strive to create partnerships that align with the charitable and business goals of companies while keeping our focus on the needs of patients and those at risk for kidney disease. Learn more about how your company or business can benefit from partnering with AKF.

Join KIDNEYNATION and fundraise to help others

KIDNEYNATION is our online fundraising community dedicated to funding the fight against kidney disease! Every day, patients undergoing dialysis receive direct support from AKF so they can continue in their fight for survival. Your fundraising dollars provide a lifeline of care to these patients who face incredible obstacles. Learn more and JOIN KIDNEYNATION today!


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Timeshare Donation FAQ, donate my timeshare.#Donate #my #timeshare


Timeshare Donation FAQs

TimeshareDonations.org is a unique service that allows you to select from a number of qualified non-profit organizations to receive the net proceeds from the donation of your timeshare property.

  • I AM CONSIDERING DONATING MY TIMESHARE PROPERTY. WHAT KIND OF PROPERTIES DO YOU ACCEPT?

We accept properties that are owned free and clear and where the maintenance fees are not past due. We accept both deeded and right-to-use timeshares as well as accumulated points.

  • HOW LONG DOES THE DONATION PROCESS TAKE?

    The normal timeframe to complete the transfer of ownership is normally 2-4 weeks. *Rush service is available for those of you that need to donate fast.

  • WHAT COSTS CAN I EXPECT TO PAY DURING THE DONATION PROCESS?

    Generally, the donor is responsible for all of the regular costs associated with the property until the acquisition of the property by us. This may include, but not be limited to all taxes, bills, and maintenance fees. There are of course exceptions to this. Every donation is considered on a case-by-case basis.

  • WHO HANDLES THE PAPERWORK?

    We take care of the transfer of the ownership and provide you with all needed paperwork. Required quit claim deeds and other documents.

  • WILL I GET A TAX RECEIPT TO SUPPORT MY DONATION?

    Yes! Upon the completion of the transfer, you will receive a tax receipt letter to support your tax deductible donation.

  • HOW CAN I DETERMINE HOW MUCH OF A TAX DEDUCTION I CAN TAKE FOR MY TIMESHARE DONATION?

    As with most non-cash donated items the IRS allows you to deduct up to $5,000 fair market value without requiring a certified appraisal. Over $5,000 the taxpayer must provide a certified appraisal. The donor is responsible for determining the fair market value for their donation, it is suggested that you utilize websites such as the TRI Timeshare bluebook to appropriately value your unit.

    Donate Timeshare to Charity

    © Copyright 2017 Timeshare Donations Charity. All rights reserved. TimeshareDonations.org does not offer legal or financial advice.

    Donate my timeshare

    Donate my timeshareDonate my timeshare


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  • Frequently Asked Questions – DFAC Timeshare Brokers, donate my timeshare.#Donate #my #timeshare


    Frequently Asked Questions

    Some of the most common questions about our program are listed below. If your question isn t listed below, please don t hesitate to call one of our specialists at 1.877.822.2873

    Donate for a Cause offers timeshare brokerage services for a commission. If your timeshare has retained value we’ll list the week, negotiate the price, and complete the transfer. Since we are paid purely on commission, you don’t have any risk, if we don’t perform we won’t receive anything. When the sale is complete, the proceeds are your’s to keep.

    Our no upfront fee, commission based program is available for timeshares that have retained significant value on the resale market. This will apply to about 15% of resorts, however if your timeshare qualifies this is hands down the best option to get rid of your unwanted timeshare.

    For those weeks that sell for pennies on the dollar, our sister company Timeshare Specialists, offers fee based divestment options. These options are guaranteed to bring an end to your ownership and the associated fees and they never charge upfront fees. You still don’t pay until you are timeshare free.

    Our process is simple, safe, and easy. Just use the form located on the right side of any page on this site to submit your contact information and we’ll contact you with the details. It just takes seconds to get started.

    If you’d like to know more, you can also learn all the details of our program by calling a specialist at 1 877.822.2873.

    No, we don’t require upfront payment. Beware of companies trying to take your money over the phone. We have been helping timeshare owners for the past 8 years at the same location and with the same great reliable service. In order to prove our trustworthiness, we never charge an up-front fee. We prove ourselves first. Before you pay anything we will list your timeshare, negotiate a price, draft the necessary documents and completely prepare your timeshare for transfer. We do all this on a commission basis and receive payment when the sale closes. Demand the same of our competitors and you will find that not only do they charge more, but they want to get paid before you even know if they can perform. Why give your hard earned money to strangers who haven’t proven themselves?

    Beware of upfront fees and offers that sound too good to be true. Neither, Donate for a Cause nor Timeshare Specialists ever charge an upfront fees, we legally transfer title of your timeshare prior to receiving payment. Always demand that of anyone you hire to get rid of your timeshare and it will help you avoid the scams prevalent in the timeshare market.

    You can reach us Toll-Free at 877-8-A-CAUSE (877-822-2873). You can also submit your information in the form to the right and a specialist will contact you within 24 hours. For our mailing address visit our About page.

    Typically, transfers of property take between 8-12 weeks. This timeframe does not include the amount of time that the resorts and/or counties may take to complete the process.


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    Frequently Asked Questions – DFAC Timeshare Brokers, donate timeshare.#Donate #timeshare


    Frequently Asked Questions

    Some of the most common questions about our program are listed below. If your question isn t listed below, please don t hesitate to call one of our specialists at 1.877.822.2873

    Donate for a Cause offers timeshare brokerage services for a commission. If your timeshare has retained value we’ll list the week, negotiate the price, and complete the transfer. Since we are paid purely on commission, you don’t have any risk, if we don’t perform we won’t receive anything. When the sale is complete, the proceeds are your’s to keep.

    Our no upfront fee, commission based program is available for timeshares that have retained significant value on the resale market. This will apply to about 15% of resorts, however if your timeshare qualifies this is hands down the best option to get rid of your unwanted timeshare.

    For those weeks that sell for pennies on the dollar, our sister company Timeshare Specialists, offers fee based divestment options. These options are guaranteed to bring an end to your ownership and the associated fees and they never charge upfront fees. You still don’t pay until you are timeshare free.

    Our process is simple, safe, and easy. Just use the form located on the right side of any page on this site to submit your contact information and we’ll contact you with the details. It just takes seconds to get started.

    If you’d like to know more, you can also learn all the details of our program by calling a specialist at 1 877.822.2873.

    No, we don’t require upfront payment. Beware of companies trying to take your money over the phone. We have been helping timeshare owners for the past 8 years at the same location and with the same great reliable service. In order to prove our trustworthiness, we never charge an up-front fee. We prove ourselves first. Before you pay anything we will list your timeshare, negotiate a price, draft the necessary documents and completely prepare your timeshare for transfer. We do all this on a commission basis and receive payment when the sale closes. Demand the same of our competitors and you will find that not only do they charge more, but they want to get paid before you even know if they can perform. Why give your hard earned money to strangers who haven’t proven themselves?

    Beware of upfront fees and offers that sound too good to be true. Neither, Donate for a Cause nor Timeshare Specialists ever charge an upfront fees, we legally transfer title of your timeshare prior to receiving payment. Always demand that of anyone you hire to get rid of your timeshare and it will help you avoid the scams prevalent in the timeshare market.

    You can reach us Toll-Free at 877-8-A-CAUSE (877-822-2873). You can also submit your information in the form to the right and a specialist will contact you within 24 hours. For our mailing address visit our About page.

    Typically, transfers of property take between 8-12 weeks. This timeframe does not include the amount of time that the resorts and/or counties may take to complete the process.


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    Tax Issues When Donating a Timeshare to Charity, donate timeshare.#Donate #timeshare


    Tax Issues When Donating a Timeshare to Charity

    Time-shares are vacation homes that multiple people own together and share the use of. When you purchase a timeshare in the U.S., you will typically have legal title to the property, with your name, and the names of the other owners of the timeshare unit, on the deed.

    You are legally entitled to get rid of your timeshare interests at any time, as would be the case with other real estate. Unfortunately, there is a limited resale market for timeshares, and when timeshares are sold, many are sold at a loss because they were initially purchased at an inflated price. (See the Nolo article How to Deduct a Loss on a Timeshare Sale for more on the subject.)

    It s often impossible for timeshare owners to sell their interests at any price. As a result, many timeshare owners seek to give their interests to charity. However, many charities refuse to accept gifts of timeshares because of the annual costs involved in owning a timeshare.

    Tax Deductibility of Timeshare Donation

    If you are able to donate your timeshare to a charity, you’ll be able to take a charitable tax deduction on your taxes provided that you itemize your personal deductions on IRS Schedule A. The deduction is equal to the fair market value of the timeshare at the time of the gift, minus the amount of any depreciation deductions taken on the property (usually applicable only where the timeshare was rented out).

    Rules for Appraising Timeshare to be Donated to Charity

    If your timeshare is worth more than $5,000, you’ll have to get it appraised, following IRS rules, which include the following:

    • You can’t use an old appraisal–it must be no more than 60 days old at the time the gift is made.
    • Insurance appraisals are not acceptable.
    • You, the donor, (not the charity) have to pay for the appraisal yourself.

    Not just anyone can conduct an IRS-approved appraisal. To satisfy the IRS, the appraisal must be done by a qualified appraiser. There are many professional appraiser organizations whose websites you can use to help find a qualified appraiser. These include:

    For more on on criteria for qualified appraisals, see the Nolo article When Are Appraisals Required for Donations?

    You must give the charity a copy of the appraisal by the due date (including extensions) of the return on which you claim the deduction usually not later than October 15 of the year after the donation was made.

    Paperwork Involved With Donating a Timeshare to Charity

    When you do your taxes for the year, you ll also have to file IRS Form 8238, Noncash Charitable Contributions, with your tax return for timeshares valued at over $5,000. This form requires input from the charity, the appraiser, and you. It must include a summary of the appraisal results and the appraiser must sign the form, declaring that he or she is a qualified appraiser. The form must also be signed by the charity.

    In addition, you must obtain a written acknowledgement from the charity containing:

    • the name of the charity
    • the date and location of the contribution
    • a reasonably detailed description of the property contributed, and
    • a statement that no goods or services were provided in exchange for the contribution (if that was the case).

    You are also supposed to keep the following information about your donation in your tax records:

    • how you obtained the property, for example, by purchase, gift, bequest, inheritance, or exchange
    • the approximate date the you got the timeshare, and
    • the cost or other basis of the timeshare.

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    Donate Timeshares to Charity – Timeshare Donations, donate your timeshare.#Donate #your #timeshare


    donate your timeshare

    Donate your timeshare

    There are many reasons why donating timeshares to charity can be beneficial. It not only helps you get rid of a burden, but you can also help charities and other people in return, which effectively turns it into a win-win situation. Here are a few of the main benefits of donating to a charity organization, and helpful tips on how to donate a timeshare to charity .

    Helping charities and other people

    While you may sell your timeshare and gain a profit, it is unlikely with the current market values. Even if you do manage to sell it for a reasonable price, you probably won’t have much satisfaction. If you feel that the profit can be put to better use, then the best thing to do is to donate it to your favorite charity. You will not only help the charity raise funds with the help of timeshare donations , but you will also be glad that you managed to contribute to helping some unfortunate people.

    Saving the time and hassle

    There are many people who have no time to sell or rent out their timeshares, and they don’t have the time to use them either. If that’s the case with you, then you can save a lot of time and effort if you donate timeshares to a charity. Why would you waste time on the time consuming process of selling the property, when you can have a charity do it for you, while also being able to help others by donating timeshares ?

    By donating a timeshare to your favorite charity, you will not have to pay upfront costs or any sorts of fees associated with services such as advertising or legal advice which are usually incurred when selling or renting the timeshare. Most charities don’t charge any fees, and it’s also likely that you won’t have to pay any maintenance costs either if you donate timeshare properties to them.

    You can benefit from tax deductions

    Donate your timeshare

    Through a timeshare donation to your favorite charity, you can benefit from some significant tax deductions. So, if you own a timeshare, donate it. You can help a charity help people in need and, at the same time, get some benefits for yourself in return.

    How to donate a timeshare to charity

    Contact your favorite charity and ask if they can accept timeshares as donations

    Ask your timeshare co-owners if they agree with you donating the entire value to a charity

    Consult a legal expert in order to ensure that you are making a safe donation

    Check the contract and analyze all documents needed to donate the timeshare

    Send a duplicate of all the needed legal documents to the charity of your choice, and you’re done!

    As you can see, this is a simple and straightforward process, and it not only saves you time and hassle, but it also gives you the opportunity to help other people who are in need. For more information about donating timeshare to charity , visit TimeShareDonations.us.

    Donate your timeshare


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