Donating your vehicle to Palmetto Wheels Exchange not only aids our mission of providing affordable transportation options to individuals in need but also offers an excellent opportunity for financial leverage through your employer’s matching-gift program. Many Fortune 500 companies, tech giants, and banks participate in these programs, which can double or even triple the impact of your donation!
By donating your car, you not only receive a tax deduction but can also request matching funds from your employer to amplify your contribution. It’s a straightforward process: after your donation, you’ll receive a 1098-C tax form, which you’ll submit alongside your matching-gift request through your employer’s giving platform. Together, we can enhance our community’s mobility and well-being.
How to activate this channel
Donate Your Vehicle
Initiate the process by donating your vehicle to Palmetto Wheels Exchange. You can contact us to arrange a pick-up or drop-off. Once the donation is confirmed, you will receive a 1098-C tax form.
Receive Your Tax Receipt
After the vehicle donation, you will be issued a 1098-C form, which serves as your official receipt for tax purposes and is necessary for your employer's matching-gift request.
Check Employer's Matching Gift Program
Verify if your employer participates in a matching-gift program. This information can usually be found on your HR portal or by contacting your HR representative directly.
Submit Matching Gift Request
Log in to your employer's matching-gift platform (like Benevity or YourCause) and submit your matching-gift request. Include your 1098-C receipt, the charity name (Palmetto Wheels Exchange), and the charity's EIN.
Employer Verification
Your employer will verify your donation and the details provided. This may take a few weeks, typically between 30 to 90 days, depending on your employer's processes.
Impact Realized
Once verified, your employer will disburse the matching funds directly to Palmetto Wheels Exchange, significantly enhancing the impact of your vehicle donation.
×Impact multiplier
When you donate a vehicle valued at $1,500, your contribution can become a $3,000 impact through employer matching! Companies often match donations at a 1:1 ratio, but some may even offer 2:1 or 3:1 matching for specific causes, such as education or healthcare. This means that your generous act not only supports our mission but also maximizes the resources available to serve those in need. With higher match caps for board members and executives, the potential for impact grows even larger. Together, we can make a profound difference!
Common employer platforms + programs
- Benevity
- YourCause
- Bright Funds
- Cybergrants
- Double the Donation
- Millie
- GiftSmart
How to check eligibility
To determine if your employer offers a matching-gift program, consult your HR department or access your employee benefits portal. Most Fortune 500 companies and large organizations provide this benefit for donations to qualified 501(c)(3) charities like Palmetto Wheels Exchange. It’s an excellent way for employees to amplify their charitable efforts while also contributing to the community.
South Carolina workplace-giving context
South Carolina is home to numerous Fortune 500 companies, including Denny's and SCANA, that encourage charitable giving through workplace-giving programs. Additionally, regional United Way chapters actively support local initiatives, making it easier for employees to engage in philanthropy. With a growing trend toward corporate social responsibility, workplace-giving opportunities in SC are on the rise, creating a bright future for community support.