Boat Donation Information and Frequently Asked Questions
It's easy to donate a boat -- we provide fast, free nation-wide pickup of motor boats, sail boats, yachts, and personal watercraft with no cost to you and you can receive a tax deduction for your boat donation.
Is my boat donation tax deductible?
What paperwork do I need to donate my boat?
Do you pick up boats nationwide?
How to I calculate the value of my donated boat?
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?
Boats donated on this site will benefit an organization classified with the IRS as a 501(c)(3) charitable organization and are tax deductible.
In most cases we need the title or ownership papers of the boat. But, if you do not have title papers call us anyway; other arrangements can sometimes be worked out. You may contact us by submitting our online donation form or by calling us toll-free at 1-888-573-7033.
We can pick up motor boats, sail boats, yachts, and personal watercraft in every State, and in most localities of every State.
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 Donate Car For Charity 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:
We can refer you to an IRS Publication which explains how the IRS requires you to determine the value of your donated property; you can find this IRS publication on our IRS vehicle donation information page.
The following sites will help you determine the value of your boat:
NADA Guide: 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.
We will arrange to have your boat towed away at a scheduled time.
To schedule a pickup, please complete and submit our online donation form or call us toll free at 1-888-573-7033.
We can normally pick up your boat within a few days. If you need your boat picked up sooner, please call and we will try to make arrangements to fit your schedule.
Not just car donations! Boat donations help those in need as well!