Articles About DFC
The New York Times
With no children and only one niece and one nephew, neither of whom cared to own the place, the Garvaises decided to give it to a charitable foundation. But the couple, both in their 80s and living in a senior community in Bloomfield, Conn., didn’t leave empty-handed. In return for turning over the property, which sold for $1.1 million, they receive monthly income and significant tax savings.
The Wall Street Journal
Owners looking to give away their time shares to charity and get the tax write-off now have some help. A handful of charitable organizations accept donations of time-share units, but many avoid doing so because of the costs and risks associated with selling them. So Glenn Ostrowski, president of Go Timeshare LLC, a Bozeman, Mont.-based time-share resale firm, set up a nonprofit called Donate for a Cause, which will sell a time share for an owner and donate the proceeds to the owner's charity of choice.
Bankrate.com
Stuck with a time share unit you can't use, can't rent, can't exchange -- heck, when you've tried to sell it, it seems like you can't even give it away? Well you can -- give it away, that is -- and actually that might be your best choice, not your last resort.
Ladies' Home Journal
If you need to unload a time-share, your choices are limited. You will most likely lose money on a resale. Another option is to donate your time-share to charity, which is possible only as long as it is mortgage-free. "The IRS lets you treat a time-share gift to charigty as a real-estate donation," says Lisa Tisdel, donations coordinator of Donate for a Cause, a Bozeman, Montana-based organization that facilitates these transactions>
The Clark Howard Show
Clark has received many calls over the years from people who are stuck with a timeshare they just can't seem to sell. The truth is that timeshares are extremely difficult to sell no matter what you paid for them or when you bought them. Even if you love your timeshare, sometimes your circumstances change and you need to sell your week.
