Chapman School of Seamanship – Boat Donation, Tax Deductible, boat donations.#Boat #donations
Boat Donation | Tax Deductible
In the United States, charitable giving to qualified non-profit organizations has long been encouraged by the federal government. The IRS encourages financial support of these organizations. The Charles F. Chapman School of Seamanship, Inc. qualifies as such an entity, under IRS Code 501 (c)(3) and the IRS has continued our designation of this approval since 1971.
How to Donate a Boat
- Contact the Charity You are Donating to
- An Inspection is arranged
- Paperwork is provided for filing
- Delivery is arranged at no cost to you
- Your tax deductible donation is complete
D onations 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.
- Have the satisfaction of knowing that your tax deductible donation benefits the students and maritime programs of Chapman School.
- Eliminate the time, energy, expense and stress involved in trying to sell your boat.
- End all expenses now for dockage, insurance, maintenance, storage, repairs, financial investment and interest.
- Pay no sale commissions, avoid providing buyer’s marine surveys or dealing with sea trials.
- Complete the entire transaction in a few days.
Why should I donate my vessel 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.”
Detailed Donation Instructions:
- To start the boat donation process, contact Chapman School of Seamanship at 800-225-2841 and ask for our President, Jennifer Castle Field. If you email us, please write to [email protected] We are open from 8 to 5, Monday thru Friday. If calling at another time or emailing, please remember to leave your phone number.
- During our initial phone conversation, we will ask about the type, size, location and overall condition of your boat. It is very helpful to have your title or document handy-which contains useful information. We will give you general information about the tax donation procedure. Because there have been many changes over the recent years in the process of donating a vessel, it is best discussed on a case by case basis. In addition, we urge all prospective donors to consult with their tax accounts or advisors before making any donation that they plan to take as a charitable contribution. The official name of the School as listed with the IRS is Charles F. Chapman School of Seamanship, Inc.
- Next, an employee of the School will contact you to set up an appointment to look at the vessel to determine the suitability of the vessel to either, use it in its training fleet or put it in its “for sale” program. The proceeds of the vessel sale go directly back into the training programs. For those of you that are out of state and wish to donate your vessel, the School generally will send a local representative to examine your vessel. This is rather easy for us, as we have graduates of our marine surveying program through out the USA.
- Once you decide to donate your vessel, we will provide you with the appropriate paperwork and IRS forms.
- Arrangements will then be made for delivery and transfer of ownership. Generally, the School will pick up your boat, or hire a boat transporter at no expense to you. Or if you choose, you may want to deliver your vessel yourself to the School. Transfer of ownership is simple, whether the vessel is titled, registered or documented.
Chapman School of Seamanship will not sell, trade or share a donor’s personal information with anyone else, nor send donor mailings on behalf of other organizations. The Chapman School of Seamanship collects and uses personal information such as: name, address, and phone number for the sole purpose of filing the required IRS forms that must be completed for donors of both boats and equipment.