How to Donate a Boat in Houston
Donating your boat can help fund charities that you are passionate about. It can also save you the headache that comes from costly repairs and maintenance and allow you to eliminate the time and energy involved in selling your boat. An important benefit donors receive is a tax deduction, which is determined by how much the vehicle sells for to raise money for charity. Even if your boat is in non-working condition, you are in luck. Most charity organizations accept non-working vehicles. There are several non-profit organizations in Houston, Texas, that will accept your boat donation.
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Instructions
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Identify the non-profit organization you would like to work with. Houston Charity Agency and Helping Hands Charity are two non-profit organizations in Houston that accept donated boats.
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Transfer the vehicle's title to the charity organization. Never give away your vehicle without transferring the ownership. Once the vehicle's title is transferred, you are protected from any risks that could be associated with the vehicle such as parking tickets. If you have lost the title, the charity organization can request a new title on your behalf.
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Arrange for a time to have your vehicle picked up. You typically do not have to be present during the pick up of the boat.
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Tips & Warnings
Spend time finding a reputable charity. The charity must be a non-profit organization in order for you to receive a tax break. You can verify a charity's reputation by visiting the Better Business Bureau website or the IRS Publication 78.
Avoid scams by keeping a paper trail of the donation. Ask charity organizations to send you copies of any forms.
References
Resources
- Photo Credit boat image by pearlguy from Fotolia.com
