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The program, called , will let car owners use Purple Wave Auction at no cost to sell their vehiclre and donatethe sale’xs net proceeds to the K-State fund of their choic through the KSU Foundation. “It’s a perfect opportunit for folks who need to find homee for vehicles they no longer use or need while contributinhg funds to help continue the traditiomn of excellenceat K-State,” Russ Briggs, president of and foundee of KansasStateCars.com, said in a release. “We’rre committed to giving back to the university in many and we’re excited to partner with Purple Wave Auctiob to help manage this prograk and generate support for K-State.
” Purpl e Wave Auction, which is headquartered Manhattan and has a salexs office in Derby, will waive all seller commissionj fees for the automobiles auctioned throughg the Cars for Cats program. will issuse each seller a receipt for their Sellers can then deduct the net proceeds of the vehicle sale as a charitable donation on theirdincome taxes. “Cars for Cats is an ideal way for alumn and friendsof K-State to contribute the proceeds from a vehiclw auction to K-State,” said Alan Klug, CFO of the KSU in a written statement. “Donors may designatwe any college or programat K-Statd to receive their funds.
Contributing the proceeds from a vehiclr auctionhelps K-State grow and generates a charitable deductiobn for the individual’s income tax.”
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