Need the Boat Moved? Donate it BoatAngel
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@YouTube Why Donating that Older Sailboat May Make Financial Sense.
Eliminate Double Slip Fees
Paying for two marina slips can easily cost thousands of dollars per year. Donating the unused boat immediately removes one ongoing expense.
Stop Paying Insurance on a Boat You No Longer Use
Insurance premiums continue whether the boat leaves the dock or not. Donating the vessel can eliminate annual insurance costs and future premium increases.
Avoid Future Repair Bills
Older sailboats often require rigging work, engine maintenance, bottom paint, electronics upgrades, sails, canvas, and deck repairs. Those costs tend to increase as the boat ages.
No More Storage and Maintenance Expenses
Cleaning, winterization, haul-outs, shrink wrap, bottom maintenance, batteries, and routine upkeep can add up quickly even when a boat is rarely used.
Avoid Depreciation While Waiting for a Buyer
Many owners keep paying slip fees and insurance while hoping to sell. During that time, the boat often continues to decline in value.
Simplify Your Life and Reduce Stress
One boat means one set of maintenance schedules, one insurance policy, one registration, and one marina account to manage.
Support Charitable Outreach While Potentially Receiving a Tax Deduction
Instead of spending money maintaining an unused asset, the donation can help support charitable programs and may provide tax benefits depending on the donor's individual tax situation and applicable IRS rules.