Howard Pearl - Charitable Adult Rides

Shape the System

About the Guest(s):

Howard Pearl is the Chief Executive of Charitable Adult Rides and Services, Inc. (CARS), which operates under the parent nonprofit that has been functioning for 107 years and collaborates exclusively with nonprofits. Known for running the largest vehicle and real estate donation program in the US, CARS serves a broad range of clients, including renowned organizations like the American Red Cross, American Kidney Foundation, and Sierra Club, among many others. With more than 9000 clients, Howard leads CARS on its mission to maximize donations and funnel them back into various charitable causes.

Episode Summary:

In this thought-provoking episode of Shape the System, host Vincent Turner sits down with Howard Pearl, the trailblazing Chief Executive of CARS (Charitable Adult Rides and Services, Inc.), to delve into the intricate world of nonprofit organizations and their impact on our society. The conversation unfurls the nuances of charity inception, operations, and fundraising, shedding light on an ingenious model of asset-based contributions to generate funding for nonprofits.

Howard Pearl shares compelling insights into the multi-faceted reasons that drive individuals to start and support various charitable causes, revealing the symbiotic relationship between those who wish to contribute to society and those in need. With a particular focus on CARS, Pearl elucidates the process and advantages of non-cash charitable contributions, specifically vehicle and real estate donations, and how they capitalize on consumer behavior to benefit thousands of charities across the US.

Key Takeaways:

• Nonprofits Arise from Altruism and Social Needs: Individuals start charities prompted both by altruistic desires to contribute and societal needs that require organized assistance.
• Undesignated versus Designated Funding: Nonprofits thrive on undesignated funds as they offer flexibility in addressing the organization's immediate needs, as opposed to designated funding which is restricted to specific purposes dictated by donors.
• Profitable Niche in Asset Donations: Vehicle and real estate donations are crucial sources of nonprofit funding due to their tendency to be motivated by convenience for the donor and potential tax benefits.
• Redefining Nonprofit Innovation: Pearl discusses the 'On The Go' project, an initiative that aims to address transportation needs of seniors, showcasing how nonprofits can innovate to find new revenue sources while serving community needs.
• Leading with Purpose: Howard Pearl's personal journey into nonprofit leadership highlights the value of applying commercial acumen to philanthropic efforts, bringing efficacy to altruism and driving systemic change.

Notable Quotes:

• "We are the largest vehicle and real estate donation program in the US that you have never heard of."
• "The donor and the donors' wishes are, without a doubt, the single most important part of the equation."
• "Undesignated funding… it's just money I can spend on anything that I legitimately need."
• "It's a great asset class to give for a number of reasons… the tax implications are really huge."
• "My job isn't any different than being the CEO of any other corporation… we will grow and change with [society]."

Resources:

• CARS (Charitable Adult Rides and Services, Inc.) Website: Not mentioned in the transcript
• On The Go: otgrides.org as mentioned for the transportation initiative
• KPMG High Growth Ventures: Not mentioned in the transcript

Tune in to the full episode to follow Howard Pearl's enlightening insights on the transformative world of nonprofit organizations and how, through innovative methods, charities are reshaping the landscape of philanthropy. Stay connected for more engaging content that seeks to uncover how individuals and organizations shape the systems around us for the better.

Shape the System is an independent podcast with support from KPMG High Growth Ventures

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