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Donating a Boat and Equipment to ������ý��Ƶ is Easy

Contact us – Call Rob Crafa at (718) 409-7460 or email waterfront@sunymaritime.edu with two representative photos of the boat and a description including:

• Year/Make/Model/Location
• Condition/Outstanding Issues
• Does the boat have a road-worthy trailer?
• A for-sale listing or link

Arrange donation - Arrange for your surveyor to appraise the value of the boat, complete straightforward paperwork (we provide all necessary paperwork and can walk you through process), and let us know when you would like us to pick up the boat. If an appraisal for your donation is needed, contact or for a boat. For valuing sail donations, contact a local sail loft.

Claim tax deduction – Receive an official letter acknowledging the tax deductible donation and an IRS form to be submitted with the tax return.

������ý��Ƶ seeks donations of sail and motor boats in good condition that meet one of our many waterfront program needs including:

1. High performance sailboats 34’ – 45’ (i.e. J105, J44) used by the offshore sailing team.
2. Cruising or racing sailboats with auxiliary power, such as the recently donated Beneteau 50 to support recreational and community programs.
3. Day sailors (i.e. Colgate 26’, Sonar 23 or J-24) for match racing, learn-to-sail, and recreational sailing programs
4. Powerboats including run-abouts for use as safety/coach boats and to teach safe power boating (i.e. Boston Whalers) and cruising boats also for teaching safe power boating and for using as race committee
5. Sails and equipment such as radios, GPS
6. Kayaks, canoes and dinghies

Examples of recent donations include:

1989 J44 "Charlie V" – offshore sailing team race boat

2001 J105 "Privateer" (formerly "Morning Glory") – offshore sailing team race boat

1979 J24 "Milk Bone" – converted to IC24

1999 Pursuit 25 – held for sale to benefit programs

What can I donate?

Is my donation tax deductible?

How is the value of my donated boat or equipment determined?

How will my donation be used?

What forms do I have to complete?

What other additional resources are available about boat donations?

What can I donate?

Sailboats, motorboats, equipment (i.e. used sails), kayaks/canoes, dinghies. Click to see examples of recent donations and boat donation guidelines.

Is my donation tax deductible?

Yes, 100% of the fair market value of your donation is tax deductible.

For additional information see Internal Revenue Service .

How is the value of my donated boat or equipment determined?

The value of donated boats and equipment (or groups of similar items such as sails) over $5,000 is determined by a qualified appraiser you select. This avoids research and guesswork for you and eliminates a potential conflict of interest for a charity eager to attract the potential donation with an inflated appraisal. If you need an appraisal for your donation contact or for a boat or your local sail loft for valuing donated sails.

For donated vessels that we are not able to make significant intervening use of or material improvements to, we may accept them as Held for Sale. In this case the value is determined by the amount we report to you and the Internal Revenue Service that we sold the boat for. This eliminates the guesswork and risk of you determining the value of your donation and can immediately eliminate additional expenses and avoid the hassle of selling the boat yourself. The tax deductible value of held for sale donations, however is often lower than donors may think their boat is worth. For an idea of what your boat may appraise for compare similar boats in classified ads such as at

For additional information see page five of the Internal Revenue Service .

How will my donation be used?

Donations to the ������ý��Ƶ Waterfront will be used to support a variety of waterfront activities such as learn to sail programs, college and high school sailing and crew teams, summer camp and safe powerboat handling courses. When the vessel no longer meets our program needs it is sold to provide the financial support necessary to operate these activities. We will not accept a boat without telling you what our plans are for it upfront.

What forms do I have to complete?

There are just three simple donation forms which are very straight forward and can be completed in a matter of minutes. Please, for your sake, DO NOT complete the forms until both you and SUNY ������ý��Ƶ are willing to proceed with the donation.

The forms are:

1. Deed of Gift (USCG Form 1340) – complete the basic boat description and have the donor's signature notarized.
2. Noncash Charitable Contributions (IRS and ) – complete with donor’s social security number and boat description. Appraiser signs the document and the SUNY Maritime Foundation signs and returns to the donor.
3. Proof of Ownership – original, up-to-date, transferrable proof of ownership such as a state registration, state title free of liens and/or USCG Certificate of Documentation need to be signed.

What other additional resources are available about boat donations?

Tax Deductible Donations

Internal Revenue Service .

Internal Revenue Service (applies equally to boat donations).

Determining the Value of Donated Property

Internal Revenue Service (page 5 talks specifically about boats).

Claiming Tax Deduction

Internal Revenue Service and

Powerboats

$25,000
2008 Sea Ray 260 Sundancer $20,000 (email for more information)
2009 Bayliner 225 Bowrider $9,900 (email for more information)

Sailboats

2002 J/109 Leading Edge $89,000 (email for more information)
2003 J/109 Resolute (formerly Cleo) $94,000 (email for more information)

For more information contact Rob Crafa, Waterfront Director, at (718) 409-7460 or rcrafa@sunymaritime.edu