Some Tips For Those Who Intend To Donate Boat

For those who are planning to donate boat to help a particular charity, here are some tips. It may be that you have outgrown the sense of inspiration that you often gained from going out on the water with your boat. Or perhaps you simply don't have enough time to enjoy sailing as the days pass. Maybe you have realized that owning the boat is proving to be a heavy burden on your finances. You may have also decided to donate your boat rather than sell it because you are very busy and you don't have the time to answer many inquiries from possible buyers and wait around to make a deal.

Check the Registration of the Donate Boat Charity

Unless you are not interested in claiming a boat donation tax deducation as a result of your gift, this is an important step. By researching the organization, you're able to make sure that the charity is 501(c)3 registered. You can check this with the IRS directly, too. If the charity is not in the IRS list of organizations, you will need to pick another charity to maximize the donation.

Check the Efficiency of the Boat Donation Charity

The next item to check is the efficiency of the charity. This provides you with an indication as to whether or not the charity is being properly managed from the top down. The common suggestion is to choose a charity that has an efficiency of at least 80 percent. This means that only a maximum of 20 percent of the amount that is raised from a donated boat (or other item) will go towards funding overhead costs. The rest will be used for the direct benefit of the service users, which is the main goal.

Be Sure That You Are Not Dealing with a Middleman

One thing more to make sure of is that the organization you are dealing with is not a for-profit company that is merely acting as the middleman between donors and charitable organizations. The problem is that these middlemen often get a large chunk from the money obtained from the donation, and choosing a "donate my boat" charity of this nature won't do as much good.

By choosing to go directly to the website of the charity that you plan to donate to, you can often cut out this middleman altogether. Most reputable organizations will usually have an online contact form to help you reach out to them. You can also visit their location in person so that you are able to make a visual inspection of the way things operate before starting the donation process.