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FAQs - Frequently Asked Questions

VIEWS: 4 PAGES: 3

									                                  F requen t l y As ked Questions



Donat ions

Ho w do I dona te m y boat to Mass. Mar i t i me Academ y?

You can start the donation process by calling 508-830-5006 or 508-830-6423. You can also email
information and pictures of the boat to cfontaine@maritime.edu


Do I recei ve a tax deduction fo r m y donat ion?

The Yacht and Boat Donation Program’s Director decides if the boat is accepted for donation, and
whether it is accepted for resale or “significant related use.”
If the boat is accepted for “significant related use” by the Academy, it must be kept and used by the
school for three years. When you donate the boat you must include a current survey. Your tax
deduction is then based on a percentage of the surveyed value and can be taken the year that you
donate the boat.
If the boat is accepted for resale, your tax deduction is limited to what the boat sells for and cannot be
taken until it sells.


W ha t a re “signi ficant re la ted use” boats used fo r?

Boats that are accepted for “significant related use” are used in a variety of different ways by the
school. Some are used for:
      Competitive off-shore sailing

      Sailing Camp

      Shipboard Maintenance

      Extra Duty

      Yacht and Marina Management Programs

      Recreational


W ha t is t he money t ha t is recei ved f rom t he sale of donated boats used fo r?

Revenue that comes in from out boat sales goes towards a myriad of programs at the Academy, which
include, but is not limited to…

               -   Competitive Dinghy Sailing

               -   Offshore Racing

               -   Crew Team
               -   Maritime Transportation

               -   Sailing Camp

               -   Cruising Club/Recreational




W ho w i l l deli ve r t he boat?

Once the donation program receives the paperwork for the donation we will schedule to come and
pick the boat up. We will handle the pick-up and delivery of all donated boats.


Do you accept dona tions of i tems othe r t han boats?

The Yacht and Boat Donation Program accepts donations of sails, trailers, engines, cash, stocks and
a myriad of other equipment.


Boat Sales



A re any of t he boats t ha t are fo r sale con fiscated d r ug boats?

No, all of our boats were donated.



Do you k no w any t h i ng about t he boats? Do t he engines r u n?

All of our boats are sold “as is, where is.”



Can I bid on mo re t han one boat?

Yes! You can then:

   1. Buy more than one

                       or

   2. Buy the one of your choice



Do I have to go t h rough w i t h t he p u rchase i f I w i n t he bid?

No. However, the Academy will keep your deposit.
W ho do I ma ke t he check out to?

MMA or Massachusetts Maritime Academy.



Can m y deposit be cash?

NO!



W hen do I ha ve to remove t he boat?

Within two weeks of notification that you are the high bidder. We must first receive payment in the form of a
certified bank check, and then you may call to schedule your pickup. Pickups are allowed on Thursdays, and
Fridays only. You MUST make an appointment at least two days before you arrive. Call 508-830-6423 to set
up the pickup or hauler.



Is t he re a p ubl ic bat h room at t he storage facil i t y?

Yes. Men's and Women's heads are located on the premises.



W hat does t he red dot mean?

It means that the highest bid on the boat will be accepted. There is no reserve amount or minimum bid.

								
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