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:
Example A:
20-foot pleasure craft - appraised value of $30,000
1.
Selling through Brokerage
Ask
$30,000
Selling price
$25,500
Commissions
($ 2,500)
Moorage (six months)
($ 1,350)
Cleaning/repairing
($ 1,000)
Insurance
($ 1,000)
Legal/mortgage clearing
($ 500)
Miscellaneous
($ 1,000)
Bottom line to you
$18,150
2. Donating
to Disabled Sailing Association of BC
Receive tax receipt for
appraised fair-market value
$30,000
Bottom line to you
$15,000
Example B:
35-foot sailboat - appraised value of $100,000
1.
Selling through Brokerage
Ask
$100,000
Selling price
$85,000
Commissions
($ 8,500)
Moorage (six months)
($ 2,400)
Cleaning/repairing
($ 4,000)
Insurance
($ 2,000)
Legal/mortgage clearing
($ 750)
Miscellaneous
($3,000)
Bottom line to you
$65,000
2. Donating
to Disabled Sailing Association of BC
Receive tax receipt for
appraised fair-market value
