The popular reality TV show “Storage Wars” created in the audience the idea that You can make a lot of money in the US by buying self-store items that are auctioned off for non-payment. Although this is true, there is a ‘b’ side to this business apart from the pursuit of profit. This is a unique opportunity for self storage owners and operators to contribute to society through charitable causes through charity auctions. The project was led by two warehouse insiders.
At the moment, the business is in great demand, both from direct people who need to store their personal belongings, and from companies that store merchandise and other goods. they, altogether, About 32,000,000 users lease these deposits, and the annual turnover is more than $35,000,000.According to data from the communication platform Thinkinworld.
However, there are cases of deposits that go to auction, due to non-payment, filled with valuables. What about its contents? CEO and founder of BAS Storage, Marcos Victorica, comments that “when you have been in the self-storage business for many years, you have to see more than one unit stop paying and never claim it to the owner of its content. The law states that after a month of delay the content can be terminated. In these cases, due to the high demand, it is necessary to auction the goods to save storage space.”
Charity Storage is an initiative created in 2010 by Lance Watkins, who has known the business from his time at Reality, and Barry Hoeven, both of whom have experience with self-storage. The main idea It was to give a more supportive end to things that had been abandoned at hundreds of points in the country. With an altruistic and philanthropic approach, the two entrepreneurs began organizing auctions to raise funds to support charities in the United States.
Form consists of moving contents into empty units in order to organize and categorize objects. It is then auctioned through StorageTreasures.com or other fundraising auction platforms. Funds obtained are distributed strategically among self-storage operators who have donation drop-off centers at their facilities (60%); 20% for Kure It Cancer Research; 10% for the SSA Foundation Scholarship Program; And another 10% goes to charity stockings.
In this way, the active participation of a broader audience that is not interested in voluntarily donating money is achieved. Notably, the organization receives many auction donations that do not come from abandoned warehouses. In 2022, they have received over $9,000 worth of valuables as donations.
According to Charity Storage’s annual report, in 2022, $143,676 was raised from sponsors, donations, and auctions. About $125,006 went to charitable causes, while $22,903 went to administrative purposes..