Salty Charitable project (wood boat building)

[Grady252]

I went to see a customer this afternoon and she needs help from some experienced boat builders.... or ?????

This is the story she is selling her house which has a large shop behind it..... in the large shop sets two boats..... One is a beautiful dory which her husband had completed in 2000, and won the boat of the year in Toledo wood boat show. It has a 90 HP Honda and is in perfect condition. I will be listing that in the classifieds for her.

The second boat her husband was building when he passed away. It is a 25' hull set up for twin outboards. It needs the floors and cabin finished. She found a guy in Florida on some internet bulleting board who is going to draw plans for finishing the boat. She wants to use the money from the sale of the Dory to finish this project and then donate the proceeds to the heart association or some other worthy cause.

Anybody who may have mad boat building skills or knows of a bot building school or anything to help move her project please send me a PM. Seems like a worthy cause.

Thanks

[Grady252]

One more trip to the top just in case someone missed it. Looks like a lot of lookers but no ideas.... I was hopeful someone would have an answer or idea for me to give to her. She might also be interested in selling it for somone to finish and keep and she could donate thoses funds to the charity.... It's a beautiful boat, he was building it to cruise the San Juans.

Pilar, don't you need another boat project??

[Chesapeake]

Boy I wish I could help but I lack the skills to finish such a project and the funding to purchase the dory.

I dont think there is a whole lot of wood boat builders left on the west coast. I've heard of an outfit in the Portland area that does light craft (kayaks and such) and I've heard of an outfit down on the Oregon coast (Pacific city ???) that makes dories.

You might try the outfit that makes the dories, they may be able to set you up with a buyer or info.

I found this outfit up in Washington.
http://www.nexusmarine.com/the_boats.html

[Two Fister]

There's a big wood boat festival in Port Townsend in early September. It's put on by the Wooden Boat Foundation/Northwest Maritime Center. Lots of info about wooden boats and people interested in them are actively involved with the center. They do wood boat building classes so maybe they can help out. I'll be the traditional lines of those beautiful boats would be of interest to them. The Northwest Maritime Center can be found at:

http://www.woodenboat.org/

It's a non-profit so hopefully that won't violate the AUP. Shoot me a PM if it does and I'll send you the links. It's a great organization looking to keep part of the heritage of the NW alive admist all of our floating clorax bottles and recycled beer can boats.

The Wooden Boat festival this year is September 7-9. It's a lot of fun and you'll see some pretty amazing boats made out of those tall brown and green thingys with the needles and leaves on them. Here's the link:

http://www.woodenboat.org/festival/

You are doing a good thing in a weary world.

Cheers,
TF

[garyk]

Originally Posted by Grady252

This is the story she is selling her house which has a large shop behind it..... in the large shop sets two boats..... One is a beautiful dory which her husband had completed in 2000...., It has a 90 HP Honda and is in perfect condition. I will be listing that in the classifieds for her.

The second boat her husband was building when he passed away.... ...She wants to use the money from the sale of the Dory to finish this project and then donate the proceeds to the heart association or some other worthy cause.

If I am understanding the facts....

IF she want to benefit a charity....her most straightforward option will be SELL both boats and then donate whatever dollar amount of the proceeds she wants.

She may ask about donating the unfinished Boat #2 as an in-kind donation directly to a charity?

There's a unique situation here in that as her husband was the boat's builder, her charitable deduction will be limited to her/their basis cost -- their documented expense of supplies and materials, the value of his labor will not count.

IF however, she finds a charity that would accept the boat, and the boat is put to use in a manner related to the charity's mission (i.e. a wood boat museum, Sea Scouts perhaps) then, under the 'related use' rules she will not be limited to her basis-coast and will be able to claim the fair-market-value. Because this gift will almost certainly be over $5000, a supporting appraisal will be required.

With all the changes in her life, it sounds like she really needs to be conferring with a financial/tax planner to help her with the entire situation.

[Grady252]

Two F, and Gary K thanks for the info..... I will wait and see what other repsonses I get and forward all info to her. She did check with the American Heart Association to donate and they could auction, but they didn't seem very interested in a partially finished boat. The wood boat school would be a great lead.

I think it is less about a tax deduction and more about her husbands passion. She would prefer to finish it because it was what he wanted. She also has a classic car (1947 Ford 2 door) that is 95% frame off restoration that she is hoping to finish and enter in some shows because that was his dream. He maid a canopy for his truck out of wood, and a canoe etc.... It seemed he was a real artist.

Thanks again for info!