As Seen In:   L.A. Times     Business Week     Seattle Times   Google  London Sunday Times

Boat Donation | Pacific Marine Foundation

> Boat Donation Benefits
> Why Donate Your Boat?
> The Boat Donation Process
> Donation Inquiries
> Donated Boats for Sale or Charter
> Tax Information
> Frequent Questions
> Client Comments
> About Pacific Marine
> Boating Directory
> Boating Safety Videos
> Contact Us
> Main Page

Donated Boats
for Sale/Charter
Click Here!

Find Us on Facebook

Follow pacmarinefound on Twitter

Boat Donation Experts - Pacific Marine Foundation
Tax information regarding
charitable donation of boats and yachts

Due to the continuing decline in federal assistance for nonprofit organizations, generous private support is crucial to meeting our goals. The IRS clearly recognizes and encourages this private support, and they assure our prospective donors that we meet all federal requirements for tax exempt status by their designation of a 501(c)(3) corporation.



Pacific Marine Foundation representatives will work with your legal and financial advisers to create a boat donation program ideally suited to your personal financial and tax situation.


The process of donation to a publicly supported nonprofit organization creates significant tax advantages for you, because you can deduct up to 100 percent of the appraised value of your gift, depending on your tax situation and the intended use by the nonprofit group. You can then apply this savings on up to 50 percent of your adjusted gross income annually.

Any remaining balance not immediately deducted can be carried forward for the next five years. In some instances, an IRS approved bargain sale can be negotiated at the time of your donation.

In a bargain sale, you receive a partial cash payment while the remaining value of your gift is 100 percent deductible subject to intended use restrictions. Most often a bargain sale allows the donor to recover current expenses that make a charitable gift economically feasible.

You may read excerpts from the IRS Publication 526: Charitable Contributions. The entire publication is available at the IRS Home Page.

You may also wish to download and read IRS Publication 4303, A Donor's Guide to Vehicle Donations.

When you decide that a donation to our Foundation is appropriate for you, we will assist you through each step of the process.

As always, we are able to work with all legal or financial firms assigned to oversee your assets and taxes.

Boat Donation Information



Pacific Marine Foundation, Inc. • 1900 W. Nickerson, Suite 116-218, Seattle, WA 98119-1661 • Phone: (206) 225-3360 • Fax: (206) 260-7519
Email: info[at]pacificmarine.org
A publicly supported non-profit 501(c)(3) corporation • Terms of UsePrivacy Policy

Design, Content & Code © Copyright 2000-2015 by Pacific Marine Foundation, Inc., & TrueStar Marketing. All Rights Reserved.