SellMyTimeshareNow.com has partnered with DonateMyTimeshare.org, a leading timeshare donation service, dedicated to helping qualified owners donate their timeshares to charity. All timeshare donations will benefit Give Back Charities, Inc, a 501c(3) charity that helps members of local communities.
Give Back Charities, Inc.
Did you know that almost one-third of working Americans do not make enough to cover their family's basic needs?
Give Back Charities provides financial support to community members through scholarships and donations. By assisting these hardworking individuals in their time of need, Give Back Charities hopes to create a "pay-it-forward" effect. They suggest that when members are able, they return the support by helping other community members.
DonateMyTimeshare.org was founded to help owners and charitable organizations through the sometimes complicated process of donating a timeshare.
Donate My Timeshare streamlines the timeshare donation process by offering an online, hassle-free service as well as years of experience in transferring timeshares.
To learn, visit their website: DonateMyTimeshare.org.
Thank You from
By donating the proceeds from your timeshare sale, you are assisting a worthy charity and helping deserving families during their time of need.
On behalf of SellMyTimeshareNow, LLC, DonateMyTimeshare.org, and Give Back Charities, Inc., we would like to thank you for considering timeshare donation.
How to Donate Timeshare to Charity
Timeshare donation may seem complicated, but we can help you from start to finish.
Review the frequently asked questions below for additional information.
Depending on your resort and location, donating your timeshare can take between 90 to 120 days. However, once the process is complete, you will be free and clear of the timeshare and all associated obligations.
No. Unfortunately, you can only donate a timeshare once the mortgage is paid in full. If you still owe a large amount on your property, your best option is to try and sell your timeshare to recoup as much money as possible, and then make a separate donation to a deserving charity.
Once the ownership has been transferred through DonateMyTimeshare.org, you will receive a receipt verifying your donation. Please note that this receipt will not include the value of your timeshare property.
The IRS states that you may claim the fair market value of the timeshare on the date you donated it. If you are claiming the fair market value as greater than $500, you will need to fill out Form 8283 to submit with your tax return. If you are claiming the fair market value as greater than $5,000, you will also need a written appraisal that meets IRS guidelines.
We urge anyone who plans on claiming a timeshare tax deduction from donating timeshare to thoroughly research all legal and tax-related ramifications. Consult your CPA, lawyer, or financial advisor for more information.
The fair market value of your timeshare is NOT the same as what the developer or resort is charging for the same week or ownership. Similar to a used car, the market value of a timeshare ownership typically depreciates over time. The fair market value of your timeshare donation should be assessed by a professional if you wish to claim a tax deduction over $5,000. Consult your CPA, lawyer, or financial advisor for more information.
Many "timeshare relief" companies claim to be the most knowledgeable when it comes to donating a timeshare to charity. But if any relief or donation company claims you will receive compensation when you donate your timeshare OR asks you to submit payment of any kind - particulary through an untraceable source such as a wire transfer or money pack - step back and do your research.