Like Tree0Likes

boat donation how does this work?

Old 11-16-2006, 02:15 PM
Thread Starter
Join Date: Aug 2004
Location: Paducah KY KY Lake
My Boats: 39 Lip-Ship Cigarette 700 Zuls
Posts: 3,811
Default boat donation how does this work?

anyone ever done this?
I was wondering if you sold your Nor-tech or not. If not I have an option for you to consider. I'm a partner in a business that works with MADD and a subsidiary of the Komen Breast Cancer Foundation. We have a program with them called the bargain sale donation. In today's boat market it ends up being the most logical way to sell your boat. Selling it outright means taking a bath! In a nutshell the charity would buy your boat for your asking price (or more in some cases). The hitch is that the selling price would be made up of $200,000 +/- in cash PLUS $150,000 +/- in the form of a donation. The tax benefit is valid for up to five consecutive years. It's a fully recognized IRS program (form 1098-C). If you're interested I can send you more info. You can also call me at
customryder is offline  
Reply With Quote
Old 11-16-2006, 02:28 PM
TopSpin80's Avatar
Join Date: Aug 2002
Location: Richmond/Galveston, Texas
My Boats: Building diesel power wanting a hull
Posts: 1,306
Default Re: boat donation how does this work?

or they could just take the loss and "donate" the boat to ME

TopSpin80 is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -5. The time now is 08:15 PM.

Copyright 2011 OffShoreOnly. All rights reserved.