The boating industry has been hard hit by the dismal U.S. economic situation, and many yachtsmen wanting to sell their boats are finding the average selling period has increased significantly while prices have dropped as well…

Our client, Pacific Marine Foundation, has a practical alternative to selling, and you can likely get better economic benefits in the long run. We know it sounds incredible, but the truth is that you can actually end up with more money by donating your boat than you can by selling!

How is this possible? You’ll have to consult your own tax advisers or accountants to find out how this applies to your particular tax situation, but, in a nutshell, when you add up the actual dollars you save on your tax bill plus the mounting ongoing expenses you save by not getting stuck in a long-term, low-ball sales cycle, you could come out way ahead.

Obivously, this is just a brief review of PMF’s boat donation program, so you’ll want to contact them directly for specifics that you can take to your accountant, but we’ve seen this work out to the benefit of many donors over the years we’ve worked with PMF, so it’s worth serious consideration.