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Charitable DonationListing and selling a boat may not be the best approach for everyone: Charitable donation can be a way to quickly eliminate your boat storage, maintenance, insurance, and personal property tax expenses without having to wait for a qualified buyer to surface. Some individuals can realize significant tax benefits from donating their boat to charity. Donors receive a charitable deduction in the amount of the appraised value of the boat, and benefit society by supporting a worthwhile cause. The charity receives an asset that it can either use or resell to raise funds for its good works. We work with a number of charities that are actively seeking boat donations. Just as each donor may prefer to benefit a specific organization or community, or have their boat handled in a certain way, different charities accept donations with varying terms. Contact us today to discuss how we might help place your boat donation!
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Merriner Yachts, Inc.
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