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| Boat
Donation Program > How it Works |
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This page is no longer being updated. Instead please see our new boat donation website.
This is a worksheet describing
two sample boat donation scenarios that show you how the numbers
work and indicate what you are likely to net from your donation.
Often the numbers are very favourable, and what you save is both
time and trouble.
Below are two examples of how the
program works in terms of finances:
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Example A:
20-foot pleasure craft - appraised value of $30,000
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1.
Selling through Brokerage |
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| Ask |
$30,000
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Selling price |
$25,500
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Commissions |
($ 2,500)
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Moorage (six months) |
($ 1,350)
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Cleaning/repairing |
($ 1,000)
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Insurance |
($ 1,000)
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Legal/mortgage clearing |
($ 500)
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Miscellaneous |
($ 1,000)
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Bottom line to you |
$18,150
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| 2. Donating
to Disabled Sailing Association of BC |
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Receive tax receipt for
appraised fair-market value |
$30,000
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Bottom line to you |
$15,000
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Example B:
35-foot sailboat - appraised value of $100,000
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1.
Selling through Brokerage |
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Ask |
$100,000
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Selling price |
$85,000
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Commissions |
($ 8,500)
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Moorage (six months) |
($ 2,400)
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Cleaning/repairing |
($ 4,000)
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Insurance |
($ 2,000)
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Legal/mortgage clearing |
($ 750)
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Miscellaneous |
($3,000)
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Bottom line to you |
$65,000
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| 2. Donating
to Disabled Sailing Association of BC |
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Receive tax receipt for
appraised fair-market value |
$100,000
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Bottom line to you |
$ 50,000
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For more information, call
Stephen Hunter
604-688-6464 #132
Boat Donation Program Coordinator
for complete details
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