In the United States, charitable giving to qualified non-profit organizations has long been encouraged by the federal government. The IRS encourages financial support of these organizations. The Charles F. Chapman School of Seamanship, Inc. qualifies as such an entity, under IRS Code 501 (c)(3) and the IRS has continued our designation of this approval since 1971.
How to Donate My Boat
Why should I donate my boat to Chapman School of Seamanship?
Because we are one of the few non-profits that can legitimately use your vessel in our training programs, i.e. boat handling, floating classroom to teach marine surveying, boat maintenance projects, as well as systems, electrical, and engines. The term "significant intervening use” is an important consideration in choosing the right non-profit for your donation. In that regard, according to the IRS: "Section 7.01 (1) of Notice 2005-44, 2005-1 C.B. 1287, states that to constitute a significant intervening use, a donee organization must actually use the qualified vehicle to substantially further the organization's regularly conducted activities, and the use must be significant. Incidental use by an organization is not a significant intervening use. Whether a use is significant intervening use depends on its nature, extent, frequency, and duration.” Be careful of organizations that would use a lease/purchase gimmick to satisfy the meaning of "significant intervening use.”
