What Are Your Options To Donate Boat To Charity?

Did you know that if you have an old boat that you no longer use, you can donate it to charity? This article will focus on the various options donors have when they give to a donate boat charity. A lot of people think that a boat donation is just that: giving away a boat. In reality, there are three different options available and it is important to understand the pros and cons of each donate boat option.

Option 1 - Donate Boat Directly to Charity

This means that you contact a charity, give them your boat, and let them do with it what they want. The pros are:

• It is straightforward as the boat will simply be taken off your hands.
• You can claim a tax deduction if the charity is 501(c)3 registered.
• You can help a good cause.

The cons are:

• You have no control over what happens with the boat.
• The charity may struggle to maximize on the value of the boat.
• The charity might spend the money raised in a way that you don't agree with.

Option 2 - Donate Boat to a Middleman

You can also donate the boat to a middleman, who then pays part of the proceeds to your chosen charity. The pros are:

• The charity gets more exposure because of the advertising budget of the middleman.
• The charity does not have the expense of picking up and selling the boat.

The cons are:

• Most of the money will go to the middleman.
• You may not be able to deduct as much from your taxes.

Option 3 - Sell Your Boat and Donate the Proceeds

The final option is for you to sell the boat yourself and then donate the proceeds to your chosen charity. The pros are:

• You can maximize the money you raise for the boat.
• You can deduct the value of your donation from your taxes if the charity is 501(c) registered.

Meanwhile, the cons are:

• Selling a boat can take a lot of time and effort.
• You will continue to have boat expenses until it is sold.
• You may be tempted to keep the money instead of giving it to charity.

It is entirely up to you to decide which option will suits you the best, but if you want to learn more about the process of boat donation for one specific charity, visit http://www.rawhide.org/boat-donation/.