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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.
Timeshare properties have historically been
difficult to donate, due to the time and effort
involved in transferring the ownership and
subsequently raising funds, thus preventing many
charity organizations from accepting them as donations.
We have overcome that obstacle by utilizing the
expertise gained over the past several years in
accepting timeshare donations for Real Estate with
Causes and Giving Center.
As a donor you will be able to select from the
qualified non-profit organizations that have joined
the Timeshare Donations network. Your selected organization will receive
the net proceeds from the funds raised from your
timeshare donation.
As a participating non-profit organization, you have
the opportunity to share in the expanding market for
timeshares without the necessity to gain expertise
in the transfer process or handle the transaction
yourself.
- 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.
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