Michigan Challenge accepts boats in good condition with trailers. We will also consider brokering your boat for a donation of a percentage of the final sale price. All proceeds go toward operating cost or tuition-free sailing programs for Gold Star Teens and grieving youth.
As soon as your boat is donated, you will receive a Thank You letter which will serve as a temporary receipt. The IRS requires that the boat be sold before a deduction is taken. When the boat sells, you will receive another letter stating the value of your donation. If the boat sells for less than $500 all you need is the letter as proof for a tax deduction. If the boat sells for more than $500 we will send yo IRS form 1098-C for your tax deduction. Some donors skip the IRS form because the standard deduction is $12,000 for a single filer and $24,000 for joint filers.