Notice:
The advice given on this site is based upon individual or quoted experience, yours may differ.
The Officers, Staff and members of this site only provide information based upon the concept that anyone utilizing this information does so at their own risk and holds harmless all contributors to this site.
I am thinking of donating my 1983 25C TR/FK (3589) to charity and ran across this site on the internet (i've had the boat for sale for over a year now). Anyone familiar with them ?? They say that ownership changes from me to them when they list the boat on their site and try to auction it off like on ebay. Since i don't have a trailer and it is in the water at a marina, they say they will pay the slip fee until it sells but they don't usually sign agreements with marinas.
Before i get hooked up with them, i just want to know if they are a legitimate charity and i am not making a mistake. If you know anything about them, please let me know.
Most people I am familiar with who have had dealings with them do not like them. They auction EVERYTHING and do not know anything about boats. They have a lot of hidden fees and are unpleasant to do business with.
You could donate it to a local organization and still get the write off. Maybe a YMCA or highschool. I've read a couple posts on another forum that said the same thing Frank wrote. Also, in one case they stuck the new owner with a years slip fee just to be able to take the boat away.
My boat is at Pickwick Lake in Iuka, MS which is about 110 miles SE of Memphis, TN. I think i will try to locate some local charity to donate the boat to or try to sell it on ebay. Problem is i don't have a trailer. Whoever i donate it to would have to get a trailer or take it where ever they want it by water. It's a good boat and i hate to have to get rid of it but i don't get to use it enough to justify the cost of keeping it. Thanks for the input.
Every year Windycrest our sailing club sponsors the MS Regatta, The members at our club are very active in this event every year, and my wife and I are on the board, My father suffered from MS for over 30 years.
When Kim and I first were looking for a sailboat we stumbled onto Windycrest by accident, we were coming back from looking at a Buccaneer (a total POS) and I decided to go to Windycrest to see what they had for sale. We got into the main gate and were met by the club maintenance guy (Rod). Rod was a very nice and grumpy kind of guy and wanted to know what we were doing at the club, I told him we were looking at some sailboats for sale, and he told me there was a SJ24 that the MS Society was selling for charity.
The boat was almost a total loss as Rod took me out to it sitting on a mooring. The boat had really nice lines but needed a ton of work done to it. The interior cabin was almost knee deep in water, and after spending an hour cleaning it out and checking the bulkheads and floor I told Rod that I was interested in the boat.
Now, The story gets a little deeper, My Father who used to race sailboats (North Americans, and Worlds) Remembers the boat I had bought back from the days he used to sail, My father also remembered that the original owner of the boat was a friend of his (Small World). So now I own a boat that my father used to race against.
I bought the boat for 1800.00 and rerigged all new running rigging on the deck, My wife and I took the boat out almost every weekend with our 3 month old baby boy, and I would go back to my fathers bedside and explain all of the things that I was doing with the boat. You could see a glimmer of excitement in his eyes as I would explain how I was trying to learn how to sail. Outhaul and Boomvang were new words in my vocabulary, and I just loved sitting down next to him in bed and talking for hours with him.
Its getting thicker-- So I find out that the SJ24 was owned by a guy at the club, and I call him up and was trying to jolt his mind about the boat, He tells me that he has a garage full of stuff for the San Jaun 24, and that I should come over to his hose and see if there is anything I would want.
It was like Christmas Day when I pulled up, He had cushions for the cabin, Porta Potty, Builge pump, and two head sails for the boat. Mr Sherwin and I had become good friends over the next couple of months, and we would email each other every day about the boats. See Rod had a Capri 25 that he sailed at the club.
In July of 2004 Mr Sherwin got into an accident with the Capri 25 and crushed the hull and deck on the Starboard side of the boat, I was racing allot at the club, and the emails from Mr Sherwin kinda stopped. I emailed him back in October asking another question about the San Juan 24, and Mr Sherwin told me that he was selling the Capri 25.
After a couple more emails that day and trying to tell my wife that we had to go look at the Capri, We went up to the club and had a look. I told my wife that the boat could be hers, and I would race her in the San Juan 24. When we were at the club another member came down to the boat when we were looking at it, it made my wife a little uneasy, and she told the guy that we had bought the boat.
Long Story Getting Longer-- So we bought the boat and I fixed the hull and deck, My goal was to race in the MS Regatta in 2005 (September 10th) So this gave me almost a year to get the boat back into racing condition. I worked 12, 8 hour days fixing the hull and painting the boat.
I talked with my father almost every day about how I was fairing the bottom, and what I could do to make the boat fast. I was removing allot of the creature comforts that had been installed on the boat. It was now June of 2005 and my father was getting worse, I had planned on Splashing the boat in the water at the middle of June, but the doctor told us that my father only had 30 days to live, so the boat had to wait.
My dad passed on July 1st of 2005. I made it my goal to get the boat back into the water asap, and take a sail. I splashed the boat the next week right after his funeral. So now I really had something to sail for in the MS Regatta, everything was put to the side and I spent most of my free days on the boat fixing stuff, and learning to sail her.
September 10th we finished Second in a fleet of around Thirty boats. The winds were in the upper 20's and we had a great race. Windycrest honored me with the Best Boat Award, and my wife received the Spirit of the Regatta Trophy, I had my older brother at the Helm of the Capri 25 as he used to sail with my father when he was younger, and my mother was there to cheer us on.
So Long story short, By donating your boat to a local Charity, you could make these kind of dreams happen for someone else. You might never hear about them as I described, But what a ride.
I believe the Sea Explorers are always interested in boats. Although, it is usually best for tax purposes to donate to a charity that will actually use the boat as opposed to selling it. If a charity sells it, you can only deduct the amount they recieved rather than the the actual appraisal amount.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by mjolnir</i> <br />...If a charity sells it, you can only deduct the amount they recieved rather than the the actual appraisal amount. <hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote"> ...unless they keep if for a year before selling it, I believe.
That is correct Dave. I use to run old clunkers (car) and when they died, I'd give them to Veterians of America. I would get a slip saying that my 1983 S10 pickup (ALLLL rust, blown engine, bald tirers)was worth $5000.00. That was worth a $2000.00 reducting in my tax bill. That all changed last year with the new IRS rulings as mentioned above.
Good news and bad news. Good news is i finally sold my boat. Bad news is - i sold my boat - i'm going to miss her. The broker i had the boat listed with made me an offer i couldn't refuse. I sold it for about half what i was originally asking but the broker will have to haul it out, do a bottom paint job, wax job, repair some minor chips in the fiberglass, etc, and then try to make some money on it. I believe i will come out ahead financially with what i sold it for compared to what the tax write off would have equalled out to. Boatangel was eager to take it off my hands but i just didn't feel comfortable doing it that way. Anyway, i still have my homemade 16 ft V-hull wood boat, 40 HP Merc that i can use for my boating therapy. I just didn't have time for two boats. I might have to buy another sailboat when i retire and can live closer to water. Thanks for all the replys to my post. I'll still log in periodically and read the site. This is a great group of friendly, knowledgeable, and sometimes humorous boaters.
16 foot wood boat with a 40hp Merc. sounds like a great thing for catching some fish and drinking some cool ones. Good luck Bob, and enjoy being out on the water.
Notice: The advice given on this site is based upon individual or quoted experience, yours may differ. The Officers, Staff and members of this site only provide information based upon the concept that anyone utilizing this information does so at their own risk and holds harmless all contributors to this site.