When you donate a boat to charity, you will need to provide the organization with a Deed of Gift, which includes a description of the vessel.
If you need help preparing the Deed of Gift, ask the charity. The charity must provide donors with a receipt acknowledging the charitable contribution.
Hold on to this receipt because you will need it at tax time. If the vessel is registered and you hold a title, you also will need to transfer the title to the charity.
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.