Do you have a boat you no longer want, or no longer want to maintain? Donate your boat with Charity Boats today! It is not easy to sell a luxury item like a boat in today’s economy, much less during a pandemic, but you can still alleviate your burden as a boat owner and enjoy some financial gain, if only in terms of a tax deduction, and help a charitable organization at the same time. The steps outlined here apply to Giving Center and what they offer charitable donors such as yourself.
Method 1 : Choose a Reputable Charity, Giving Center is an IRS Approved 501(c) Nonprofit Charity!
1. Research before you donate. There are a number of sites that offer charitable deductions for your boat, but check to see if they are legitimate before you donate your boat:
- See if the organization has 501(c) status with the IR S.
- Giving Center is an IRS Approved 501(c)3 non profit charity organization, not associated with politics or churches
- Remember, due to the Separation of Church and State, churches and religious organizations are exempt from applying for nonprofit status. Donations made to these organizations are still considered tax deductible, and as an added benefit, they are 50% organizations which means that you will be allowed to deduct up to 50% of your AGI.
Method 2 :Donate Your Boat
1. Visit our website Charity Boats to fill out a donor form today.
2. Follow the website’s instructions. These websites generally have FAQ pages to explain how to donate your boat. Charity Boat’s website will provide answers to all your questions; if not, you can speak to a live representative at (888)228-7320. Typical questions that are usually answered in the FAQs include:
- How to determine if your boat donation is tax deductible
- How to determine the value of your donated boat
- How to arrange for your boat to be picked up
- The paperwork you will be required to provide
- The timetable for picking up your boat.
3. Be sure to let the charity know whether related items are included. For example, you may wish to include boating gear, life jackets, fishing equiptment, electronic equipment, etc.