Do you have a once loved sailboat you no longer use? Have you attempted to sell or list it with a broker in the hope that you are able to get a decent price, even after the lofty commission fees? Consider a charitable sailboat donation with charities like CharityBoats.org instead. Here are just a few great benefits of a sailboat donation:
- Donating to an IRS-approved 501(c)(3) organization will allow you to qualify for a charitable tax deduction.
- You can receive a better value when you donate a sailboat to charity through a fair market tax deduction, which means great savings for you when it is income tax time.
- Most charities offer free pick-up and towing
- Some charities, like CharityBoats.org, will handle all of the paperwork for you — you don’t worry about title transfers and the paperwork required in order to receive the charitable tax deduction on your tax return.
- When you donate, you are helping further the charitable organization’s mission.
That sailboat that is collecting dust can make a large impact on the community and on those who are in need. At the same time, you are able to save money on things like insuring a sailboat that you hardly use. When you donate your sailboat to a qualifying charity, you will be eligible to receive the current fair market value as a tax deduction. Make sure to talk to your tax advisor for more information on how you can fully deduct your charitable sailboat donation.
Don’t lose time by attempting to sell your sailboat through sites like craigslist, brokers, or paid online boat classified sites. Charities are often able to accept most used sailboat donations, and they most will have friendly and knowledgeable representatives ready to help with any questions you may have.
CharityBoats.org can accept a variety of sailboats from schooners to cutters and catamarans to sloops of various sizes. All sailboat donations come with free transport and if you do not have a sailboat trailer, CharityBoats can still accept your generous sailboat donation. A transporter will work with you to pick up your donation at a time that is most convenient for you.
Your sailboat has brought you and your family many good memories throughout the years. When it becomes time to move on, make sure your sailboat goes towards a great cause, donate your sailboat to charity.
