Chapman Boat Donations

Chapman

HOW TO DONATE YOUR BOAT

Contact the School by phone or e-mail. (Include your phone number in your e-mail).
From your initial phone conversation, the School will ascertain details, location, and overall condition of your vessel. It is very helpful to have your title or document handy – which contains useful information. Details of the new tax ramifications will be discussed.

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. (We have graduates of our marine surveying program through out the USA).

The new tax law pertaining to the donation of boats, cars, and airplanes that is embedded in the “American Jobs Creation Act of 2004” has generalized guidelines and rules. The IRS is in process of writing the details and interpretation of this new act. In the mean time, the new requirements are fairly straight forward.

For boats valued at $500 or less the School will provide the donor with a copy of your “Deed of Gift” which includes a description of the vessel, and an official Thank You Letter stating the value of the donation.

Chapman School of Seamanship
4343 S.E. St. Lucie Blvd.
Stuart, Florida 34997
(772) 283-8130

website: www.chapman.org