A clean exit for owners with a vessel that no longer fits their plans — full fair-market-value deduction, we handle all the paperwork and you are relieved of your yacht in a few weeks. Discuss this option with Paul Madden directly.
The case for donation as a serious option — in Paul Madden's own words.
Why You Should Donate Your Yacht — The Yacht Channel · YachtDonations.net
Donation is a serious option when carrying costs erode value every month a yacht sits unused and unsold. We lay out the math honestly and recommend the strategy that maximizes your outcome.
Full fair-market-value deduction on your federal return, supported by a qualified independent marine appraisal. IRS Form 1098-C issued by SeaKeepers. Up to 50% of your contribution base in the year of the gift, with carry-forward provisions.
Title transfers to SeaKeepers. From that point we take over — we take possession of the vessel and assume all responsibilities so you don't have to.
IRS Form 1098-C, Form 8283, title transfer, Coast Guard documentation, state-level deregistration. The one expense that falls to the owner is the qualified independent appraisal, which by IRS rule we cannot pay for.
Donation through SeaKeepers gives you a clean exit, a defensible tax deduction, and an honest end-of-life for the vessel. The mechanism is straightforward: title transfers to The International SeaKeepers Society — a recognized 501(c)(3) with twenty-five years of operating history and a global research reputation. From that point we handle the rest.
No call center, no junior staff. You speak with the founder — 25+ years inside the industry, $500M+ in lifetime brokerage transactions, deep knowledge of vessel valuation, maritime regulations and nonprofit-sector practice.
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