MASSACHUSETTS MARITIME ACADEMY
YACHT & BOAT DONATION PROGRAM
Massachusetts Maritime Academy is a Special Mission public college in the Massachusetts Public Higher Education System
Since 1891, the Academy has prepared young men and women for careers on land and sea, uniquely balancing a regimented structure and clearly-articulated code of conduct within a typical four-year college environment.
The Academy is recognized by the IRS as a public charitable organization, therefore donations are fully deductible. For more than thirty years, the Academy has accepted vessels donated for significant intervening use, material improvements, or to sell to raise money for programs and scholarships.
In addition to the potential revenue a donated vessel provides, the program’s overall impact can also be measured in training hours and cadet experience on the water. For instance, due to donor generosity, the Academy is able to commit considerable resources to the Offshore Sailing team, which has competed on the regional, national, and global sailing stage alongside other premier collegiate programs. Cadets carry the experience of preparing for and participating in these events, and the resulting wisdom, into their personal lives and careers.
PHOTO: Fresh from the MMA donation program, the Baltic 47' MASQUERADE close-reaches at nine knots as she nears the finish of the 2018 Newport to Bermuda Race. Four MMA Cadets formed the core of skipper Andrew Burton's crew. Burton plans to enlist six cadets for the 2020 version of the race. (Image: ©Warner Nickerson).
PHOTO: A donated 1987 Blackwatch 30' used both for the Academy’s Environmental on-the-water coursework and by the Fishing and Cruising Clubs. This photo shows MMA cadets hosting four military veterans at the Annual Operation REEL HEROES.
One long-time friend of the Academy, who has made both significant vessel and sponsorship donations, and who has also spent decades sailing with and against the Academy’s offshore team, commented: “They remind me of my days in the military: looking good, always willing to take direction, and always with a ‘sir’ this or that.”
Unlike with an outright sale, the transfer of a donated vessel can happen fairly quickly. The donor is responsible only for the cost of hiring a surveyor to value the vessel, but pays no brokers fees, transportation costs, or transfer expenses. Your boat and all of the costs associated with owning it can be gone in the fraction of the time it may take to sell.