Aircraft Donation Benefits
We offer the Highest Allowed Appraised Value Tax Write off!
Tax Benefits of Donating Aircraft to Charity
Aircraft Donation makes it easy to donate aircraft. One of our top priorities is making sure that all aircraft donations fully comply with federal tax regulations. We have included quite a bit of information on this topic and do hope you will take the time to read it and understand how writing an aircraft gift off on your taxes works. (Please also read our extensive FAQ Page)
When you choose to donate your unwanted airplane or helicopter to Aircraft Donation we will make sure you receive all necessary tax documents required for your specific donation. Our friendly and professional staff is available to answer any questions you might have about your donation. Call us Toll Free at (888)-228-7320.
To start off, AircraftDonation.org is a website developed for Giving center, who is officially recognized as a charitable organization under section 501(c)(3) of the Internal Revenue Code. Organizations described in section 501(c)(3) are commonly called Charitable Organizations, which means they are allowed to receive tax-deductible contributions in agreement with IRS Code Section 170. Charitable organizations listed in section 501(c)(3) are prohibited from lobbying to government representatives or attempting to influence state or national legislation in any way.
One of the reasons our nonprofit has endured over the years is that we work independently from the government. Charity is fundamentally a matter of civic responsibility in which generous donors like you reach out to improve the lives of the underprivileged. Current IRS regulations allow charitable organizations like us to develop their own procedures and systems of charitable distribution as long as they are in accordance with the law. Over the years Aircraft Donation has honed its charitable system to be one of the largest and most effective airplane donation programs in the US.
Section 501(c)(3) of the Internal Revenue Code prohibits charitable organizations from being organized for the benefit of private interest. IRS regulations state that private shareholders of any charitable organization listed under section 501(c)(3) are disallowed from receiving any revenue from charitable contributions. With Aircraft Donation you can be assured that all of the equity from your charitable aircraft donation fully and directly supports the causes we serve.
All aircraft donations granted exemption under Section 501(c)(3) of the Internal Revenue Code are tax deductible. Aircraft Donation, as well as all of its affiliate charitable networks (Boats with Causes, Collectibles with Causes, Real Estate with Causes, Computers with Causes, Online Car Donation, Giving Center etc.), have been granted tax exemption per section 501(c)(3) of the Internal Revenue Code.
Donate your unwanted aircraft to our nonprofit and receive the highest Appraised Value Tax Deduction allowed by the IRS! When you make a donation to Aircraft Donation, or any other charitable organization, certain tax procedures apply depending on the appraised market value of your specific airplane or helicopter. A good way to assess the value of your aircraft or aviation equipment is to consult the Aircraft Bluebook or AOPA. You can access either site by clicking on their links (unfortunately both require a paid membership to view results). You can also view current aircraft for sale at AV Buyer or Controller.com to get an idea what your aircraft is currently worth.
IRS regulations stipulate that charitable organizations listed under section 501(c)(3) of the Internal Revenue Code can not employ its own appraiser or determine the fair market value of charitable gifts. Aircraft donations valued at over $5,000 require an appraisal by an independently certified professional appraiser.
Aircraft Donation is fully committed to making your aircraft donation as easy and stress-free as possible! You “may” incur no additional personal cost when you donate your used plane to us. Call us to discuss today: (888)-228-7320 – we have pilots available for pick up free anywhere in the US, Central America and Canada!
Aircraft Donation sends you all of the tax forms necessary to be in compliance with IRS regulations. For proof of donation you will need a tax receipt with the name of the 501(c)(3) organization to which you made your aircraft donation, along with the Federal Tax ID number listing the date, year, make, and model of your aircraft, aircraft tools, equipment, or pilot supplies. Additionally we will send you tax Form 8283, which you need to fill out whenever your make a Noncash Charitable Contribution. This form applies to all donated property whether it’s worth less than or more than $5000.
One of the main factors affecting the size of your tax deduction is the price your aircraft sells for. Beginning on January 1, 2005 the IRS allows charitable donors to receive the full resell value of their aircraft donations. IRS publication 561 states that your tax deduction is limited to the gross proceeds from its sale by the charitable organization. This regulation is in place partly to prevent the risk of overstating the value of your charitable aircraft donation. When you donate a used plane to our charity you never have to worry about guessing the fair market value of your aircraft.
The way Aircraft Donation generates funding is by selling your donated property. Your deduction is determined by the gross proceeds from the sale. Visit the IRS website to see relevant information about making a noncash donation. Pertinent publications are IRS Publication 4303, IRS Publication 526, and IRS Publication 561, all of which serve as a guide for charitable donations including cars, boats, and aircraft.
Most of what was discussed above will already be common knowledge for professional accountants. Call Aircraft Donation Toll Free at (888) 228-7320 if you have any questions about tax procedures. Our friendly and professional team is here to help!
Are you ready to donate aircraft?
We make a living by what we get, but we make a life by what we give..
AircraftDonation.org was started as a funding project for Giving Center (EIN# 92-1162407), an IRS-approved 501(c)3 nonprofit organization that operates nationwide. Giving Center was created to help bridge the gap between those in the community who have the means and wish to help, with those who are in dire need of a helping hand and a little grace. We have a team of professional pilots and individuals with both the technical and legal experience to assist you in the donation of your aircraft.