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6 years ago

Donate Your Boat for a Tax Deduction and Help Kids Learn to Boat

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Donating your boat to the Chapman School of Seamanship is tax deductible and [boat donations][1] Donations to our school make it possible for us to:

Grant scholarships to deserving students.
Expand our training programs to meet maritime needs.
Update our technology for use in our classrooms.
Hire licensed, professional mariners as instructors.
Expand our facilities & training programs.

Why should I [donate my boat][2] to Chapman School of Seamanship?

Because we are one of the few non-profits that can legitimately use your vessel in our training programs, i.e. boat handling, floating classroom to teach marine surveying, boat maintenance projects, as well as systems, electrical, and engines. The term “significant intervening use” is an important consideration in choosing the right non-profit for your donation. In that regard, according to the IRS: “Section 7.01 (1) of Notice 2005-44, 2005-1 C.B. 1287, states that to constitute a significant intervening use, a donee organization must actually use the qualified vehicle to substantially further the organization’s regularly conducted activities, and the use must be significant. Incidental use by an organization is not a significant intervening use. Whether a use is significant intervening use depends on its nature, extent, frequency, and duration.” Be careful of organizations that would use a lease/purchase gimmick to satisfy the meaning of “significant intervening use.”

Learn more here: http://www.chapman.org/p/257/boat-donations

[1]: http://www.chapman.org/p/257/boat-donations
[2]: http://www.chapman.org/p/257/boat-donations

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