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Boat Donation - Information how to donate a motor boat, sail boat or yacht to charity It's
easy to donate a boat motor boat, sail boat, fishing boat or yacht to
charity. We provide fast, free nation-wide pickup of your boat with no
cost to you and you can receive a tax deduction for your boat donation.
Donate today by filling out our online donation
form. Is my boat donation tax deductible? Is my boat donation
tax deductible? What paperwork do I
need to donate my boat? Do you pick up boats
nationwide? How do I calculate the value of my donated boat? Thanks to new tax law, the IRS has taken the guesswork out of determining the value of your boat. Beginning in January 2005, you may deduct the full price we receive for the sale of your boat. This greatly simplifies the process for you, the donor, because you no longer have to research and come up with an estimate of the fair market value. This also eliminates the risk of you getting into trouble by overstating the value of your deduction on your tax return. You’ll know exactly the amount you may deduct, eliminating guesswork, and saving you both time and risk. You will receive a receipt at the time we pick up your boat, and as a follow-up, we will send you a second receipt as soon as we sell it, letting you know the exact amount for which it sold. That amount is your tax deduction. ****** For any donors who submitted their donation to
Family Care Foundation prior to December 31st 2004, or, for donors
who will deduct no more than $500 for their boat, the following information
may be helpful concerning your boat’s value for tax deduction purposes: The following sites will help you determine the value of your boat: NADA Guides: Lists pricing for powerboats and sailboats from 1970 - 2003 BoatUS.com: Will email a free estimate of the fair market value of your used boat. Boat Trader Online: Check the value of your boat compared to current boats for sale. If your donation is worth more than $5,000 then you will need an appraisal and a signed 8283 tax form for your tax purposes which we will provide at no cost to you. How will my boat be
picked up? How can I schedule
a pickup? How long will it take
for my boat to be picked up? What are the requirements for claiming my boat donation as a tax deduction? • The IRS requires that the charity you donate to must be a registered 501(c)3 organization. Family Care Foundation is an IRS registered 501(c)3 nonprofit. • Family Care Foundation will issue a receipt to you giving our tax ID number. • You must keep this receipt with your tax records
as proof of your tax-deductible donation. Boat Donation - Information how to donate
a motor boat, sail boat or yacht
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