Block Island Maritime Funding (BIMF) is a reputable brand based in Newport, RI that offers boat donation services with a charitable twist. By donating your boat, you can enjoy a charitable tax deduction while supporting various marine education programs for both children and adults. The generous gift you make will contribute to initiatives such as boat building, sail training, marine sciences, fisheries science, and environmental studies.

When you choose to donate, you not only benefit from the tax deduction but also eliminate the hassle and expenses that come with selling a boat. From storage and maintenance to insurance and brokerage fees, BIMF takes over the responsibilities once the boat is donated. This not only provides peace of mind but can also result in a higher return on your charitable contribution, especially in a weak market.

Moreover, BIMF offers the flexibility to choose from a range of client charities to allocate the proceeds of your boat donation. To ensure a smooth donation process, BIMF emphasizes the importance of obtaining a recent appraisal of the boat's value by a third-party marine surveyor. This appraisal allows you to take the appraised value as a charitable deduction in the year of donation.

Choose Block Island Maritime Funding for a hassle-free boat donation that supports marine education programs and offers you a valuable tax deduction