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How It Works

At BENFO – The Benevolence Foundation, we make it simple and rewarding to turn your high-value asset—such as a yacht, airplane, or motor home—into life-saving support for children battling serious illness. Here’s how our process works, step by step:

Appraise Your Asset

Before making your donation, the IRS requires an independent appraisal of any non-cash charitable gift over $5,000. This helps determine the fair market value for your tax deduction and protects both you and the charity.

  • Use a Qualified Appraiser: The appraisal must be performed by a qualified, third-party appraiser who is not affiliated with BENFO.
  • Timeline Matters: To be valid for tax purposes, the appraisal must be completed no more than 60 days before the date of the donation (IRS Publication 561).
  • We Cover the Cost: Once ownership is successfully transferred, BENFO will reimburse you for the full cost of the appraisal.

This step ensures IRS compliance and sets the foundation for your charitable deduction under IRS Form 8283 and Section 170(f)(11) of the Internal Revenue Code.

Transfer Ownership & Receive an IRS-Compliant Donation Letter

After the appraisal, we guide you through a smooth and secure transfer of ownership. Whether your asset is a vessel, aircraft, vehicle, or luxury item, our team will help you handle all legal and logistical requirements.

  • All paperwork and transfer documentation is handled promptly and professionally.
  • You’ll receive a written acknowledgment of your donation, fully compliant with IRS rules, including all required details such as date of donation, asset description, and confirmation of no goods or services exchanged.

This letter is essential for claiming your charitable deduction on your federal tax return.

Your Asset is Sold Through a Broker or Auction

Once the donation is complete, BENFO takes care of everything else. We work with trusted brokers, auction houses, and industry professionals to market and sell your asset for maximum value.

  • You pay nothing. BENFO covers 100% of the costs associated with marketing, listing, brokerage, agency, and auction fees.
  • Our mission-driven approach ensures your asset is handled with care and integrity, turning its value into immediate funding for our programs.

This means less hassle for you and more support for the families who need it most.

You Get a Tax Deduction — and Help Save Lives

After the asset is sold, you’ll receive the final documentation required for your tax records, including the sale amount (if applicable) and IRS Form 1098-C when relevant.

  • Depending on the asset and how it’s used, you may deduct either the fair market value or the gross proceeds from the sale (per IRS rules).
  • Your donation supports BENFO’s mission of helping families facing childhood illness by converting high-value assets into funding for cancer research, medical treatment, and compassionate care programs.

Your gift is more than a tax benefit—it’s a powerful act of kindness that helps children and families find hope during the hardest times of their lives.

Our mission is to support families facing childhood illness by transforming high-value donations, such as yachts, airplanes and motor homes, into vital funding for cancer research and compassionate family assistance.

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Address

203 Hamilton Lane
Suite 201
Arabi, GA 31712

Phone

833-33GODKIDS
(833) 334-6354

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