donate boat

Frequently Asked Questions

Q. What is a bargain sale donation?

A. A bargain sale donation is the sale of the vessel to AIMS for cash plus a
substantial tax deduction for the owner.

Q. Why do most sellers and brokers have the opinion a donation won’t work for them?

A. Most sellers and brokers are not familiar with bargain sale donations. The fact is,
in most cases the net to the seller is equal to an outright sale.

Q. Will a donation wave a red flag and trigger an audit?

A. This is a misconception. The facts are, the IRS audits approximately 3% of tax
     returns and this audit frequency is no higher when someone gives a charitable
     contribution, in fact the amount of charitable contributions in the United States is
     roughly $220 billion dollars annually.

Q. Why do I need to have an AIMS representative explain the program to me?

A. The AIMS representative is a specialist in this field; he works with donors,
attorneys, and accountants on a daily basis and can answer questions quickly
and honestly. We have a tax attorney available to answer clients questions.

Q. What does American Institute of Marine Studies do?

A. The AIMS mission is to fund educational activities oriented towards the marine
sciences, the marine environment and promoting recreational boating for people
with disabilities.

Q. There are many worthwhile charitable organizations soliciting donations.
Why should you choose AIMS over these other organizations?

A. First and foremost is the reason that AIMS is qualified "User" organization, one
whose tax-exempt status specifically includes boating usage; therefore the
available deduction to the boat donor will be dramatically higher when donating a
boat to AIMS. Secondly you have the piece of mind knowing AIMS employee
group has been doing donations for almost thirty years and has handled over
9,500 boats insuring the ease of the donation process. Thirdly we are
philanthropists who understand that many would-be donors of hard assets – boats,
real estate, etc, however well intentioned, you would much more prefer to obtain
some cash towards their donation. We are able to accomplish this through the use
of an IRS approved Bargain Sale. This fund raising innovation is what
distinguishes AIMS from most traditional publicly supported charities.

Thank You For Considering AIMS For Your Philanthropic Donation.

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