BENEFITS OF DONATING YOUR BOAT TO CLASSIC YACHT FOUNDATION
                             

*             Excellent opportunity for a tax-deductible gift that benefits American classic yacht  heritage and maritime tradition.

*             Eliminates time, effort, and expenses: moorage, maintenance, storage, insurance, and advertising or brokerage fee.

*             Your income tax deduction is based on a fair market value as established by a qualified  marine surveyor.

*             Your donation will help preserve and restore classic wooden yachts that would otherwise be lost forever.

One of the most frustrating times of boat ownership is the process of selling the boat. Selling your boat through a yacht broker takes a long time, and you have to pay a sales commission. Your boat has to compete with all the other boats for sale by the yacht broker, who knows very little about your boat, and the true market value.

Selling your boat through an Ad in a publication takes a long time, and you have to deal with every 'tire kicker' that comes along. Using an e-mail address in your Ad exposes you to a large number of potential scam artists.

Donating your boat to the Classic Yacht Foundation is quick and easy. More importantly, you are able to claim 100 percent of the appraised value against annual federal taxes. And, you can apply this tax savings up to 50 percent of your adjusted gross income annually, with a five year carry forward for any remaining balance not immediately deducted.

As a 501(C)(3) non-profit charitable organization, Classic Yacht Foundation is eligible to receive donations that are tax deductible for donors. Our status allows up to 50% of the donor's annual income to be deducted in a given year. Many other organizations may only allow 20% to 30%.