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The auction of the silver Porsche – starting bid: $23,100 – will benefit Project Angel Food, a meal-delivery charity serving people with AIDS and other debilitating illnesses.
The actor was gifted with the 1999 sports car (current mileage: 25,000) by NBC after Will & Grace's successful first season. Costars Debra Messing, Sean Hayes and Megan Mullally also received Porsches from the series' producers.
"It's not just a part of Will & Grace lore – this car is a part of television lore," says McCormack, adding, "there's somebody out there that would really appreciate knowing it was the car I drove every day to the lot."
The online auction, available at charityfolks.com, ends at 3:15 PM EST Friday. Its current asking price "is incredibly close to the car's actual Blue Book value!" notes McCormack. "Not a bad price to get a car and a piece of TV history."
And if a lucky Los Angeles native wants the car? "If the winner lives in L.A., I'll drive it to them personally," he says. "And of course, I'll autograph DVDs of Will & Grace."
JOSH & FERGIE: ROCKED BY SCANDAL
Did he cheat with a stripper?
Married less than a year, the couple denies an Atlanta woman’s claims that she and Josh had a fling
Note that this week’s cover of PEOPLE may differ regionally
