FAQ's

Q1: Is BENFO a qualified 501(c)(3) non-profit organization?

A: Yes. BENFO is a registered 501(c)(3) charitable organization. All donations are eligible for a tax deduction in accordance with IRS guidelines. Upon receipt of your donation, you’ll receive a formal acknowledgment letter stating the fair market value of your asset.

Q2: How do I know if my yacht, plane, RV, or vehicle qualifies for donation?

A: Most high-value, transferable assets are eligible, including:

  • Yachts & powerboats
  • Private jets & airplanes
  • Motorhomes & RVs
  • Collector or exotic vehicles

    Once we receive some basic details, we’ll confirm eligibility right away.

Q3: How does the donation process work? Is it complicated?

A: The process is fast and donor-friendly. Here’s how it works:

  1. Submit basic info about your asset.
  2. We coordinate a third-party appraisal.
  3. You complete a simple donation agreement.
  4. We issue a tax-deduction letter the same day ownership transfers.
  5. We sell the asset and use proceeds to support children’s causes.
    You’re kept informed every step of the way.

Q4: Do I need to pay for the appraisal or survey?

A: Yes, but only temporarily. The cost of the appraisal and survey is reimbursed to you once the donation is completed. We work only with qualified, independent professionals to ensure accuracy and IRS compliance.

Q5: How will I know the value of my tax deduction?

A: The value of your deduction is based on the Fair Market Value (FMV) determined by an independent, third-party appraiser. We provide an official IRS-compliant acknowledgment letter citing this value—eligible for use with IRS Form 8283.

Q6: How fast can the process be completed?

A: In most cases, the donation process can be completed in 7–14 days depending on the asset’s location, availability of appraisers, and title verification. We aim to work quickly and efficiently.

Q7: What happens to the asset after I donate it?

A: Once the donation is finalized, the asset is sold through a broker or professional auction company. 100% of the net proceeds go toward helping children battling illness, and supporting cancer research and family relief programs.

Q8: What if I have a broker or dealership already handling my asset?

A: No problem. We can coordinate directly with your broker. If your asset sells through them, they will still receive their standard commission.

Q9: What documentation do I need for the IRS?

A: BENFO provides all the necessary paperwork, including:

  • Donation Acknowledgment Letter
  • IRS Form 8283 (as applicable)
  • Title transfer or Bill of Sale
    We’re available to answer questions throughout tax season.

Q10: Is donating really better than selling it myself?

A: In many cases—yes. Selling a yacht, aircraft, or motorhome can be time-consuming and unpredictable. Donating can provide:

  • Immediate tax advantages
  • Faster turnaround
  • Peace of mind knowing it’s helping others
    Plus, you avoid sales commissions, marketing, and waiting on buyers.

Q11: Is there any cost to me other than appraisal?

A: No. Aside from the temporary cost of appraisal and survey (which we reimburse), there are no hidden fees or costs to you. We handle everything.

Q12: Can I talk to someone before making a decision?

A: Absolutely. We offer free consultations to walk you through the process, answer questions, and evaluate your asset’s eligibility. Use our contact form or call us directly to get started.

Is BENFO a qualified 501(c)(3) non-profit organization?

Yes. BENFO is a registered 501(c)(3) charitable organization. All donations are eligible for a tax deduction in accordance with IRS guidelines. Upon receipt of your donation, you’ll receive a formal acknowledgment letter stating the fair market value of your asset.

How do I know if my yacht, plane, RV, or vehicle qualifies for donation?

Most high-value, transferable assets are eligible, including:

  • Yachts & powerboats
  • Private jets & airplanes
  • Motorhomes & RVs
  • Collector or exotic vehicles
    Once we receive some basic details, we’ll confirm eligibility right away.
How does the donation process work? Is it complicated?

The process is fast and donor-friendly. Here’s how it works:

  1. Submit basic info about your asset.
  2. We coordinate a third-party appraisal.
  3. You complete a simple donation agreement.
  4. We issue a tax-deduction letter the same day ownership transfers.
  5. We sell the asset and use proceeds to support children’s causes.
    You’re kept informed every step of the way.
Do I need to pay for the appraisal or survey?

Yes, but only temporarily. The cost of the appraisal and survey is reimbursed to you once the donation is completed. We work only with qualified, independent professionals to ensure accuracy and IRS compliance.

How will I know the value of my tax deduction?

The value of your deduction is based on the Fair Market Value (FMV) determined by an independent, third-party appraiser. We provide an official IRS-compliant acknowledgment letter citing this value—eligible for use with IRS Form 8283.

How fast can the process be completed?

In most cases, the donation process can be completed in 7–14 days depending on the asset’s location, availability of appraisers, and title verification. We aim to work quickly and efficiently.

What happens to the asset after I donate it?

Once the donation is finalized, the asset is sold through a broker or professional auction company. 100% of the net proceeds go toward helping children battling illness, and supporting cancer research and family relief programs.

What if I have a broker or dealership already handling my asset?

No problem. We can coordinate directly with your broker. If your asset sells through them, they will still receive their standard commission.

What documentation do I need for the IRS?

BENFO provides all the necessary paperwork, including:

  • Donation Acknowledgment Letter
  • IRS Form 8283 (as applicable)
  • Title transfer or Bill of Sale
    We’re available to answer questions throughout tax season.
Is donating really better than selling it myself?

In many cases—yes. Selling a yacht, aircraft, or motorhome can be time-consuming and unpredictable. Donating can provide:

  • Immediate tax advantages
  • Faster turnaround
  • Peace of mind knowing it’s helping others
    Plus, you avoid sales commissions, marketing, and waiting on buyers.
Is there any cost to me other than appraisal?

No. Aside from the temporary cost of appraisal and survey (which we reimburse), there are no hidden fees or costs to you. We handle everything.

Can I talk to someone before making a decision?

Absolutely. We offer free consultations to walk you through the process, answer questions, and evaluate your asset’s eligibility. Use our contact form or call us directly to get started.

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The Benevolence Foundation

Address

203 Hamilton Lane
Suite 201
Arabi, GA 31712

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