For over 100 years, Massachusetts Maritime Academy has been preparing women and men for exciting and rewarding careers on land and sea. As the nation's finest co-ed maritime college, MMA challenges students to succeed by balancing a unique regimented lifestyle with a typical four-year college environment. As a member of the cadet corps you will live, study, sail, work and play in an atmosphere that encourages you to be your best.
Should I Donate?
- Financial Freedom. By donating your vessel, you are immediately unchained from the expenses of boat ownership—storage costs, maintenance fees, insurance premiums, and the like. And, if your vessel is listed with a broker, you will also be relieved of their fee.
- Philanthropic Satisfaction. You can be assured that, either by its direct use or through the sale proceeds realized, your contribution will immediately and significantly impact the education of thousands of young men and women.
- The Tax Benefits. MMA is qualified by the IRS as a charitable organization; therefore, your donation is tax deductible. The IRS has created three categories of use under which boats may be donated and your deduction is based on which category your donated vessel falls into - a determination that is made at the very start of the donation process. They are: 1) Vessels that have “Significant Related Use”, 2) Vessels that require “Material Improvements", and 3) Vessels that are accepted “To Sell”.
Your donation supports this education. Whether it is the cash influx that comes from the sale of a boat or the experience a cadet gains at the helm of a donated tug, motor vessel, or sailing yacht, you can be assured that your donation will positively impact the preparedness and heightened skills of countless young men and women.
MORE SPECIFIC INFORMATION
Our staff is experienced in handling boat donations. We would be happy to discuss the particulars with prospective donors. Notify us of your wish to make a donation by calling (508) 830-5006. We may send a representative to the vessel to help determine if the donation would be mutually beneficial to the donor and the Academy's program.
If the Academy agrees to accept a vessel to be used in our program to train cadets, the donor must send the following:
- A notarized Deed of Gift [that we will have prepared for you],
- A signed title or registration, and
- A copy of the survey establishing the value of the gift, along with a signed copy of IRS Form 8283
We will "Certify the Use" of the vessel and forward IRS Form 1098-C along with copies of the original documents aforementioned and an Acknowledgement Letter for the donor to use when filing his/her taxes.
If the Academy agrees to accept a vessel to sell to raise money for our scholarship, sail training and waterfront development endeavors, the following items need to be forwarded:
- A notarized Deed of Gift [that we will have prepared for you], and
- A signed title or registration.
We will follow up with an acknowledgement letter within 30 days of the sale of the vessel with IRS Form 1098-C indicating the selling price of the item.