I looked into donating my Pearson
27 to the University of Rhode Island
boat donation program this fall. URI has terminated its program, and has contracted with an outfit that takes boat donations, leases them to new folks for 3 year leases, and then either sells them off or re-leases. This works well with US tax law, as the donee outfit holds on to the asset for 3 years (while leasing it), which allows the donor to maximize his/her donation value for taxes
. I make so little money
that the tax deduction would only net me about 15% of the boat's value, so I decided it wasn't a good idea for me. But I do think the lease
idea could be very attractive to someone looking to get into sailing without too big of a commitment.