HOW TO DONATE YOUR BOAT TO CLASSIC YACHT FOUNDATION


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.

The donation process is: (1) The Classic Yacht Foundation will determine if your boat is appropriate for the Foundation's needs. If the Classic Yacht Foundation agrees to accept your boat as a donation, (2) you will be required to obtain a qualified appraisal for the boat. The appraisal must occur within sixty days of the donation date to qualify as fair market value. You must have owned the boat you are donating for more than one year, and (3) you then only need to return the Deed of Gift form that we will provide to you. It is that easy.


Contact Us:

The best way to learn more about donating your boat to the Classic Yacht Foundation is calling us directly, or e-mailing us at info@classicyachtfoundation.org We will work with you and explain the complete donation process, and help determine if donating your boat is best for you.

The Classic Yacht Foundation is a 501 (c)(3) non-profit charitable organization (pending) as determined by the Internal Revenue Service. Your donated gift is tax deductible to the extent permissible by law. The Classic Yacht Foundation recommends that you consult with your personal tax specialist, financial planner, or attorney for advise on how to best take advantage of this tax benefit.