Posted: 25 Jun 2012 03:59 PM PDT
If you want to donate to a charitable organization, regardless of whether it is a monetary donation or some type of vehicle donation, you need to consider the organization that receives the charitable gift very carefully (Source: Vehicle Donation by Angel for Hope). One of the reasons why that is the case is because some of those organizations are going on a very small amount of money toward the charity and the rest is going to go for a variety of other items, all of which are covered under administrative fees. This is going to require some research on your part, but it can let you know that the lion's share of what you give to charity is going to actually benefit those who have a need.
This is especially the case if you are going to give a larger donation to the charity. Regardless of whether it is a yacht donation or if you are going to give a large, monetary donation, you would want most of it to benefit those that have a need. That is why you may want to consider going to an organization where you can give the item directly, allowing them to sell it and then to put the money directly toward the charity of your choice. So when you donate boat parts or the entire boat, you know that the money from the sale of those items is going to go where you wanted to go. You can then look into the possibility of how you can benefit from giving those items to charity in the form of a tax break.
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