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Original Message:
Re: Donating our timeshare (by Dr. K.):
There are several charities that accept timeshare donations. The key has been stated before. FIRST, make sure an actual new deed is filed with the county recorder where the timeshare is located showing you as the seller or grantor and someone else as the buyer or grantee. As of the date of recording you are finally free of any further obligation. SECOND, not all charities do things the same way. Most don't take the deed, they have you continue to hold it while they try to sell it. If they can, they get the cash. If they don't you get stuck. A few will charge you a fee for accepting the timeshare. That fee can be enough for them to have the next several years of maintenance fees paid for in advance so they don't get stuck with future bills. This protects their credit rating in case they can't pay the annual fees. One charity i work with charges a $500 fee plus any about $400 closing costs to take title. They don't care about their credit ratings. They simply don't pay the fees and instead offer it back to the resorts so they can resell it again. This has been discussed in great detail with both negative comments and responses with IRS quotes validating the process in another forum titled "Getting rid of your timeshare".