Catalina - Capri - 25s International Assocaition Logo(2006)  
Assn Members Area · Join
h.jpg Home.
a.jpg Association Forum
s.jpg Ships Store
c.jpg Cruising
r.jpg Racing
t.jpg Technical Tips
g.jpg Photo Gallery - New
o.jpg Boat Search - Updated
m.jpg Manuals & Brochures
3rdrpt.jpg Swap Meet
l.jpg Links
f.jpg Officer Flag Line & Staff
b.jpg Bylaws & Constitution
 
1.jpg Members Area
1.jpg Join the Association
 
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.
 
Association Forum
Association Forum
Home | Profile | Register | Active Topics | Forum Users | Search | FAQ
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 Catalina/Capri 25/250 Sailor's Forums
 Catalina 25 Specific Forum
 Donate a Boat?		  New Topic  Topic Locked
 Printer Friendly
Author Previous Topic Topic Next Topic  

Kirk McKay
Navigator

Member Avatar

USA
111 Posts
Initially Posted - 04/12/2004 :  11:34:44  Show Profile
Has anybody ever donated a boat to charity? We're in the process of moving up to a bigger boat and was wondering if anybody has done this? There seem to be a few place that advertise about doing this, and wondered if it might be easier than trying to find a buyer? I mean no offense to my trusty '82, but there are some cosmetic issues and it might take a while to find a buyer that wants to do a little work or doesn't mind the bumps and bruises. Any thoughts?
Kirk
Edited by - on

Sea Trac
Master Marine Consultant

Members Avatar

Vanuatu
1357 Posts
Response Posted - 04/12/2004 :  11:42:13  Show Profile
Hi Kirk,

There is a Boy Scout camp here in Northeastern Oklahoma that runs a sailing school with donated boats. Perhaps there is something similar near you. Great idea for disposing of an older, but serviceable boat.

Good luck,
Edited by - on
Go to Top of Page

wmkoines
1st Mate

Members Avatar

56 Posts
Response Posted - 04/12/2004 :  19:30:09  Show Profile
Try the Sea Scouts I haven't done it but I know of a few people that have. Maybe this web site can find you a local group

www.seascout.org
Edited by - on
Go to Top of Page

Steve Milby
Past Commodore

Members Avatar

USA
5908 Posts
Response Posted - 04/12/2004 :  19:39:43  Show Profile
I'm sure the scouts and others would appreciate such a generous donation, but there was a "magazine" program on tv recently that said the IRS is drastically reducing some of the tax benefits of such a donation. If that is a consideration, you should check with your tax accountant first.
Edited by - on
Go to Top of Page

rford
1st Mate

Members Avatar

USA
73 Posts
Response Posted - 04/12/2004 :  20:27:10  Show Profile
I know that Goodwill in my area accepts donated boats. But I also stumbled on an interesting way to support the University of Rhode Island (no affiliation). According to the web site, "The Foundation's Boat Donation and Sales Program represents a major fund raising source for the University."

http://www.urifoundation.org/uriboats/index.html
Edited by - rford on 04/12/2004 20:30:48
Go to Top of Page

Frank Hopper
Past Commodore

Members Avatar

Pitcairn Island
6776 Posts
Response Posted - 04/12/2004 :  20:38:41  Show Profile  Visit Frank Hopper's Homepage
Our club is modifying its not for profit status to make donating boats to our youth sailing program more appealing.
Edited by - on
Go to Top of Page

lcharlot
Master Marine Consultant

Members Avatar

Antigua and Barbuda
1301 Posts
Response Posted - 04/12/2004 :  23:54:08  Show Profile
I may end up donating my old C-25SK (#1205), for pretty much the same reasons as Kirk. I want to sell just the boat and keep the trailer for my new boat (#5857), and so far all of the phone calls I have received on my ads are from people whose first question is usually: "Does it come with a trailer?", even though the ad says "boat only". I have one possible buyer who is interested and might have a line on a used trailer, but I am not going to hold my breath until I see the money and they sign a bill of sale. If it comes down to donating the boat, I will offer it to Sea Scouts first. Most other charitable organizations around Sacramento can only take donated boats with trailers, whereas Sea Scouts usually have slips or end-ties donated by marinas to keep their boats in. At least they did when I was in the program back in the early 70's.
Edited by - on
Go to Top of Page

rustynbigd
1st Mate

Members Avatar

31 Posts
Response Posted - 04/13/2004 :  09:32:26  Show Profile
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by Kirk McKay</i>
<br />Has anybody ever donated a boat to charity? We're in the process of moving up to a bigger boat and was wondering if anybody has done this? There seem to be a few place that advertise about doing this, and wondered if it might be easier than trying to find a buyer? I mean no offense to my trusty '82, but there are some cosmetic issues and it might take a while to find a buyer that wants to do a little work or doesn't mind the bumps and bruises. Any thoughts?
<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">
Edited by - on
Go to Top of Page

rustynbigd
1st Mate

Members Avatar

31 Posts
Response Posted - 04/13/2004 :  09:39:29  Show Profile
the deduction just requires an appraisal for fair market value - fmv. also some so-called charities are not and others that are legit may make you liable for towing and you won't know that until you get the bill. my advice is to get the charities' terms and conditions in writing and review them carefully with your CPA.
Edited by - on
Go to Top of Page

Kirk McKay
Navigator

Members Avatar

USA
111 Posts
Response Posted - 04/13/2004 :  10:17:40  Show Profile
I haven't looked into the fine details yet, as I've not finalized a new boat purchase yet. One of the groups I was looking at in my area says that an appraisal isn't needed if the boat is worth less than $5000.00. Two of the places I'm looking at are on the water so towing isn't an issue. The boat is in fine shape...other than some dings from Isabel last year. Motor runs great, has a less than 2 year old furlex set up. It's not like it's a junker that needs a tow to the cemetary. I kind of figured I'd sail it to whomever worked out.
Edited by - on
Go to Top of Page

RichardG
Admiral

Members Avatar

USA
990 Posts
Response Posted - 04/13/2004 :  14:30:14  Show Profile
Kirk & Larry:

I'm no expert, but I think talking to your tax accountant before you donate is very sound advice which could at least let you know what exactly you can expect (in addition to the satisfaction of helping a worthy cause). A while ago I looked into donating an old car. I seem to recall that it's not as simple as it sounds, because there may be restrictions to taking the direct deduction, such as minimum or maximum income requirements, deduction only allowed to the extent it exceeds certain levels based on income. Also, rules seem to always change. I'm not trying to scare you, but a quick call to a decent tax guy could go a long way to prevent surprises down the road.
Edited by - on
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  Topic Locked
 Printer Friendly
Jump To:
Association Forum © since 1999 Catalina Capri 25s International Association Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06
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.