How can you help SAVE SAILING? Donate Today!
Currently our programs are in need of support. Our goal is to establish a fund of five million dollars, which will enable us to make a vast difference in youth sailing in the community. This is a long-range goal, but one that we always keep on the horizon.
Become a Member
We need your financial support on an annual basis. Programs require annual donations in order to grow. We have levels to accommodate everyone, the "Crew Member" starts at $10 going up to Legacy Members.
Membership Sponsorship Levels
$5,000 + Platinum
<$100 Crew Member
Legacy Club - The Legacy Club was established to provide recognition for those donors who have made a planned gift through their will.
Donate your Boat, Car, or RV
Thank you for considering donating your boat! Your generous gift will help provide children and adults with marine educational opportunities.
When a vessel is donated to a 501C3 non-profit organization such as ours, several conditions must be met in order for the donor to deduct the appraised fair market value of the vessel.
- An acknowledgement by the receiving charity that it will make significant intervening use of the vessel stating in detail on IRS form 1098 C what that use will be, and that title will be held by the charity for a minimum of three years.
- If the receiving charity makes material improvements on the vessel as an alternative to “intervening use,” then the donor can take the full fair market value of the vessel as a deduction. This assumes that the vessel with material improvements increases in value.
- If the charity acknowledges that it is accepting the vessel for use by a needy individual or by another 501(c)(3) organization, then this will also qualify a donor for a charitable deduction of the full appraised value.
A donated boat with a value over $5,000 must be appraised within 60 days of the actual donation. This is usually done by a certified marine surveyor/appraiser. Cost of an appraisal can vary with the type of boat, its location, and size, but generally it will run between $15.00 to $25.00 per foot of boat length.
Donation papers are usually formalized with a Deed of Gift, IRS forms 1098C and 8283. The 8283 document is signed both by the receiving charity and by the appraiser affirming its appraised value. If at any time prior to the three year holding period a boat is sold, then that must be reported on IRS form 8282. A copy of this must also be sent to the donor.
Once a 501(c)(3) organization receives a Deed of Gift for a specific vessel, complete responsibility transfers in its entirety to the receiving charity. All ongoing costs such as yard bills, maintenance, insurance, and transport become the responsibility of the charity.
Links to IRS Website:
Become a Sponsor/Charterer of one our Vessels
Pay for your Silent Auction
If you would like to to become a Member and/or donate a boat or vehicle. Please fill out the form below and a foundation representative will personally contact you.