Your Boat Donation Will
Help Young People Develop the Strength and Skills to Navigate Life
A Boat Donation Can Be More Profitable Than a Sale
1
Get Your Boat Appraised
An appraisal of your boat's value by a third-party marine surveyor is the first step to an advantageous donation.
2
Donate the Boat
You can then donate your boat to Block Island Maritime Funding (BIMF), which will sell it and give the proceeds to Martha’s Vineyard Ocean Academy.
3
Deduct the Value
Once you’ve made your gift, you can deduct the appraised value of your boat from your adjustable gross income.
Your gift supports Ocean Academy, a transformative adventure program that helps young people thrive.
It will be our pleasure to discuss your boat donation with you.
Selling a Boat is a Hassle
You and your broker can spend months, even years talking with potential buyers not getting the price you want.
The Sales Process is Expensive
Storage, insurance, maintenance, brokerage fees, and repairs all add up during the sale of your boat.
Time is Your Enemy
Boats on the market for more than 45 days begin to lose their value.
Upon donation, BIMF takes complete legal responsibility of your boat, including processing all documents for the donor, the IRS, accountants, and lawyers.
It will be our pleasure to discuss your boat donation with you.
“After much soul searching, I decided to donate my sailboat. I wanted to help others enjoy sailing and the ocean. The transaction was handled efficiently and painlessly.”
—PETER DRAGONAS, MA
Block Island Maritime Funding Can Complete Your Donation Within a Few Days
It will be our pleasure to discuss your boat donation with you