Yacht Donation Program AMIkids | Boatyard - Associated Marine Institute

IRS Publication 526 - Charitable Contributions This document explains how to claim a deduction for charitable contributions and discusses: • Organizations qualified to receive them • Types of contributions you can deduct • How much you can deduct • What records to keep • How to report them. IRS Publication 561 - Determining the Value of Donated Property This document explains the fair market value of assets and the valuation of various kinds or property; including cars, boats and aircraft. It also describes the process for appraisals and penalties for overstating the value or adjusted basis of donated property.

AMIkids is dedicated to rehabilitating at-risk kids through education, training, counseling, discipline and productive work. We often use marine, wilderness and other environmental education and rehabilitation programs to accomplish this goal. All profits from yacht donations support these efforts.

Yacht Donations benefit the entire yachting industry and our communities in general. Donors have a tax deduction and a convenient and efficient alternative to sale, yacht brokers have another tool in their business, and new yachtsmen have access to yachts under a lease, requiring less initial investment. All proceeds support the AMIkids mission to help youth develop into responsible and productive citizens. In doing so we help protect public safety and positively impact youth and their families by helping them separate a troubled past from a bright future.

A yacht donation provides the yacht donor a reasonable income tax deduction and helps further the donor’s philanthropic goals by helping at-risk kids. Donating a tacht also conveniently provides timmediate relief from dockage, maintenance and other costs and worries of ownership.

Our donation process is managed with transparency and integrity. The Donation Team reports directly to the CEO. AMIkids is a 501(c)(3) nonprofit organization with federal and state contracts and is audited annually by internal and external auditors. Donation revenue is vital to our ability to serve our kids. AMIkids has an experienced team of facilitators and yacht specialists available to assist in a case-bt-case basis. We collaborate with yacht brokers, accountants and tax professionals.

AMIkids has a 50-year record with over 6,000 donations and is highly respected within the yacht industry; is a national leader in the rehabilitation of at-risk kids; has an experienced in-house team to manage the donation process; is respected by the yacht brokerage community; and efficiently manages the donation process with its experienced staff.