Donating our timeshare

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Original Message:

Donating our timeshare (by Joy Wood Lewis):

mike1536 wrote:
sarahc93 wrote:
I haven't had any luck selling our timeshare so I am looking into donating the stupid thing.

We've slashed the price and to be honest, I work outside the home, have two small children and just do not have the time to invest in getting this thing sold.

My husband is fine with just holding onto the darn thing and our maintenance fees(which just went up) are due this month and it irritates the crap out of me!

I heard about where you can donate your timeshare www.donateforacause.org. Has anyone done this and what was your experience like? TIA,

Sarah

=========== I contacted them to see about donating my father's TS, but they would not accept it. However,It’s worth a try to contact them and see if they will take your unit.

When you donate a timeshare, the charity is not actually taking the unit. Instead, you are giving the organization the right to try and sell your unit; when sold, the title/deed transfer occurs. During this time you are still liable for all maintenance fees, taxes, etc. Whether or not the charity accepts the unit depends on whether or not it can be sold. Unfortunately if YOU can’t sell it, then the charity probably can’t sell it either.

If you decide to go this route, check the terms and conditions carefully. First, there cannot be any liens on the unit. If an organization accepts your donation, and they cannot sell it in a certain time period, it will be “returned” to you. According to the Donate for a Cause website, they will list the unit for four weeks. Others may list it longer.

What is the name of your resort, and which season do you own? Other RedWeek posters might be able to give you an idea of whether or not it has rental value. Have you tried bidshares or ebay to sell your unit or have you tried renting your unit?

Finally another donation option is to donate your annual week to a local charity that may be having a fundraising auction. While you won’t get rid of the TS this way, you should be able to deduct the value of the week as a charitable contribution. Depending on your tax bracket you might save $200-$300.

Good Luck Mike