Pilots for Christ DONATING
AN AIRCRAFT to Pilots for Christ WE’RE GLAD YOU’RE INTERESTED!
Thank you for considering donating your aircraft to Pilots
for Christ. Your gift can quickly and
efficiently bring help and hope to many people around the world. This brief
guide is designed to provide you with some general donation information. What
is presented here is for educational
purposes only, and is not a substitute for individual, specific tax advice. Another
helpful resource is IRS Publication 4303: A Donor’s Guide to Vehicle Donations.
This can be found at http://www.irs.gov/pub/irs-pdf/p4303.pdf
How Pilots for Christ Chapter uses donated aircraft: Aircraft
donated to Pilots for Christ will be used by Chapters based on your requested
donation location and the ability of the chapter to maintain it. It can be used
in one of several ways. Donated aircraft may be used for PCI purposes or may be
sold, with the proceeds used to meet ministry needs.
A PCI Purpose /
Pilots for Christ exists to be the hands of Jesus, bringing
His love to the world through medical missionary aviation as we share the
gospel with all.
PCI offers free services which include, but are not limited
to compassion flights, mercy flights, aircraft additionally support and
pastoral / missionary flight needs. We
also address education, church assistance, planting seeds, and Bible work as a
means to bring people into a personal relationship with Jesus and prepare them
for His soon coming.
To operate a safe, efficient, and cost -effective missionary
aviation program with well trained, highly skilled aviation personnel,
resulting in the active spiritual growth of our volunteers and those whom they serve.
Pilots for Christ
International. Tax-exempt Status
For you to receive a tax deduction for a donated aircraft, the
charity you choose must be and operated exclusively for one or more exempt
purposes described in section 501(c)(3) of the Internal Revenue Code. In other
words, your chosen charity must generally be recognized by the IRS as a
501(c)(3) charitable organization. Pilots for Christ International is
recognized by the IRS as a 501(c)(3) charity to which deductible contributions
may be made.
See IRS Publication 78
Cumulative List of Organizations, which can be found at www.irs.gov/eo (under “Search for Charities”),
for status verification.
Donors contribute vehicles, such as aircraft, in order to
support charity and often benefit from the federal income tax deduction. The
process of donating vehicles is a little more complex than giving contributions
of cash, but the following steps can help simplify the process. First and
foremost, you should ALWAYS consult your personal tax adviser!
Pilots for Christ International does not offer tax advice or
counsel. It is always best to speak with your accountant, attorney, or tax
adviser to discuss your personal situation and determine how best to make a
significant contribution such as an aircraft. In general, however, this is an
overview of the steps that will apply to the contribution of your aircraft:
1.IRS regulations require that in order to deduct a
charitable contribution for a donated vehicle or aircraft in excess of $250 you
must receive from the done organization a letter or receipt acknowledging your donation.
PCI will provide you with a letter of acknowledgment which meets
the IRS requirements. PCI may include in the letter information regarding its intended
use of the aircraft.
2. When you donate an aircraft valued over $500, PCI will
provide you with a contemporaneously written letter of acknowledgment and a copy
of IRS Form 1098-C. The amount of your charitable
deduction may depend on what PCI does with the aircraft. You will need to
complete portions of Form 8283 as well. IRS Form 1098-C:
3. If the value of your aircraft is over $5,000, in addition
to the items listed in items 1 and 2 above, you will need to get a written
appraisal to substantiate the amount your deduction. In addition, you as the donor, the appraiser
(if applicable), and PCI must each complete a part of IRS Form 8283. Gospel
Ministries International, Inc. Tax Deduction Amount generally, if you are claiming
that the value of your donated aircraft is more than $500, the amount of your tax
deduction will depend upon what we do with the aircraft. If we sell the aircraft
(in an arm’s length transaction to an unrelated party) without any significant intervening
use or without making material improvements to the aircraft, your deduction will
be limited to the gross proceeds we receive from the sale of the aircraft. If
we use the aircraft in our charitable programs for a significant period of time
or make material improvements to the aircraft before selling it, your deduction
is based on the fair market value of the aircraft at the time of the donation. If
your aircraft has been used for business purposes please consult your business tax
advisor regarding the deductible amount. IRS Form 8283 In addition to the written
acknowledgment requirement, a donor must file Form 8283, Noncash Charitable Contributions,
to report information about noncash charitable contributions if deductions for all
noncash gifts during the year exceed $500. If any single item or group of items
donated exceed $5,000 in value, the donor must complete Section B of Form 8283,
get a written appraisal of the donated property (unless the deduction is limited
to the gross proceeds from the sale of the property by the charity), and have the
appraiser (if applicable) and an authorized official of the charity complete and
sign a portion of the form.
IRS Form 8283:
If YOU Sell the Aircraft If YOU sell the aircraft and simply
contribute the proceeds as a cash gift, then your contribution will be treated the
same as any cash contribution. You will receive a written receipt substantiating
the amount contributed.
NOTE: There may be significant tax implications associated
with whether you choose to donate your aircraft or instead choose to sell your
aircraft prior to making a donation. PLEASE consult your personal tax advisor
before making that decision.
Pilots for Christ International
THANK YOU FOR CONSIDERING
DONATING YOUR AIRCRAFT!
If you decide to contribute your aircraft, you can be sure
that you will be investing in the lives of thousands of people by bringing help
and hope to suffering ones in places where only aircraft can go. To speak with
a representative of Pilots for Christ International,
Timothy (Tim) Layne – President
Pilots for Christ International
890 22 Mile Rd
Sand Lake MI 49343
Phone: (616) 570-2767
Fax: (616) –884-6079
IRS tax forms and publications (available at www.irs.gov ) related to donations include: Form
1098‐C, contributions of Motor Vehicles, Boats, and Airplanes Form 8283, Noncash
Charitable Contributions Publication 526, Charitable Contributions Publication
561, Determining the Value of Donated Property Publication 1771, Charitable Contributions
–Substantiation and Disclosure Requirements Publication 4303, A Donor’s Guide
to Vehicle Donation.