Deluxe Motor Coach Donations
First, an owner can receive tax benefits while continuing to use the vehicle for travel enjoyment as initially intended when purchased. A time will come for disposition of the asset. Why not anticipate that event and consider transferring title now to your favorite charity but retain its use as long as you want? This type of arrangement is called a “Retained Life Estate.” Since most luxury coaches can be classified as real estate, they qualify for this type of donation arrangement.
Second, these assets might be more attractive alternatives in meeting your philanthropic goals than cash or stock. You can use the coach’s equity to fund more than one charity through a “spit interest” donation arrangement.
Third, another donation option is called a Donor Advised Fund, which allows you to combine the favorable tax benefits with the flexibility to support your favorite causes.
