Vehicle Donation Spotlight: 1958 Lyman Boat

Written By: Sam Andrews

donate a boat

Car Donation Wizard proudly processes thousands of donated cars each month, but did you know that we also handle boat donations?

This particular donated boat is something quite special that we don’t see often, but wanted to showcase for you. It’s a 1958 Lyman 16 1/2 foot Runabout Wood boat. In addition to being an old, hand-built wood boat, the donor also lovingly restored the boat prior to donating it. A double treat!

Lyman was a boat maker founded in 1875 in Ohio by the Lyman brothers, Bernard and Herman. They made boats for the powerful waters of Lakes Erie. In 1988, years after having switch to production of mainly fiberglass boats, the owners reached out to a longtime fan of the original wood boats, Tom Koroknay, and eventually sold the company and all artifacts and blueprints remaining to him. Mr. Koroknay now operates a boatyard partially named ‘Lyman’ in Lexington, Ohio. Today the Lyman Brothers are considered historically important wood boat makers.

American wood boat culture has thrived around the Great Lakes for over a century. It was in Michigan that now-famous boat maker Chris-Craft started, and other notable names, like Garwood, Hutchinson, Century, and Elco also started in the Great Lakes region. It became an American tradition.

boat donation to charity

Reportedly, Lyman made only about 2,700 Runabouts. The donor acquired this boat in 2008 and then proceeded with a thorough restoration until completion in 2009. It is rare to find one with such a careful and tasteful restoration. The boat is almost entirely original, with the exception of a few things like the outboard motor and some upgrades like the seat cushions. The donor also mentioned the boat was featured in the July 2011 issue of Wooden Boat magazine and was shown at several shows.

This 1958 Lyman is a classic runabout model with an outboard engine. ‘Outboard’ boats have separate motors that can easily be removed for cleaning or replacement. This boat is 16 ½ feet long. ‘Runabout’ refers to a general style of small open boat for short-distance cruising in small lakes, bays and channels. Typical runabouts hold four to eight people. This Lyman has at least two rows of cushioned seating. It features a painted white wood hull, finished wood deck, interior, and window frame.

Given that Lyman switched to fiberglass hulls in the 1970s, this 1958 Lyman could be among the last all-wood models they produced. Wood boats are still made today for purists, but as the saying goes, it’s still not the same. This has increased the value of small wood boats made in the heyday of wood boat making, from the 1900s to the 1930s before fiberglass hulls took over in the late ‘50s and ‘60s.

This generously donated 1958 Lyman is a wonderful reminder of those old wood boat days. The proceeds went to the donor’s Car Talk public radio station of choice.

donate a boat to charity

The Car Donation Tips You Need to Know

1. Do your homework, find a charity through word of mouth, community work or causes that speak to you. Look into their work, research them on the Better Business Bureau site or through Charity Navigator. The charity of your choice, should be an IRS-approved 501(3)c) organization, visit the Internal Revenue Service’s Website for more information.

2. Ask questions, how much will your charity receive from the sale of your vehicle? How will car donation process work? Will you be eligible for a tax deduction? Asking questions early not only saves you hassle later, but the person who responds to your inquiries should be polite, friendly and knowledgeable.

3. If you can, ask if you can drop the car off, since most charitable organizations require a tow service to transport the donated vehicle to another facility, ask if it would help earn the charity more money if you dropped the car or other vehicle off yourself.

4. Fill out the title properly. Never, ever, leave your vehicle’s title blank during transfer of ownership time. Any organization worth their weight in gold, will not ask that you leave the title blank for supposed ‘ease of transferability’. Always fill out the appropriate transfer section of your title, using help from the organization or online resources.

5. Know your tax rights. Once you choose your 501(3)(c) organization to donate to, know that you can deduct the fair market value of the vehicle. Kelly Blue Book or other sources provide average retail values for vehicles sold privately; but donated vehicle values often differ. If you have a special, antique or unique donated vehicle, make sure you tell you organization about it. If you expect to get a certain value from the sale of your vehicle, make sure you ask the right questions so you won’t be disappointed with the fair market value later on.

6. Keep records. If your donation is worth more than $500, you’ll have to attach IRS Form 8283 to your tax return. If it’s worth more than $5,000, your documentation must include an outside appraisal. You’ll also need proof of the donation, such as a receipt from the charity and a copy of the title change.

7. Get excited. Donating a vehicle is an amazing way to support your favorite nonprofit. For more information on some of the most amazing nonprofit organizations we know, visit Car Donation Wizard, where we’ve taken all the guesswork out of donating a car.

Celebrating Earth Day Through Car Donation

When  you think about celebrating Earth Day, Car Donation Wizard hopes you’re thinking of ways that you can reduce your environmental impact on the planet. For instance, taking shorter showers, learning more about what’s recyclable, cleaning up your neighborhood beach, planting more flowers and trees, biking to work part of the week. However you choose to give back, know that future generations will reap the benefits of your contribution.

When you donate a car to one of our amazing charities like Habitat for Humanity, the American Cancer Society, Car Talk or any of our other great partners, your vehicle goes to one of two places: to an auction facility or a recycling facility. Vehicles that get recycled are extremely valuable to maintaining a healthy ecosystem.

Did you know that millions of tons of iron and steel enters the recycling stream because of how easy it is to separate from other materials (steel has incredible magnetic properties)? When you decide to donate that old junk car, you’re not only doing something great for charity, but you’re helping to take a car (or other vehicle) that may be producing harmful emissions off the road and into the steel recycling process. Steel never loses its strength, no matter how many times it’s been recycled, which makes it a valuable commodity and insures that when you buy future steel products, you’re always buying recycled steel. Making new steel requires a lot of energy, but the fact that we’re able to recycle steel from donated vehicles helps contribute to the statistic that the amount of energy needed to produce a ton of steel has been reduced by 34% since 1972.

So the next time you’re considering whether that old vehicle taking up space in your driveway is donation worthy, consider the value of steel recycling and know that Car Donation Wizard can help you stay green and give back at the same time. Now that’s an Earth Day promise we can all stand behind.

Check out our video on how donated cars get recycled:

Happy Earth Day!

Get A 2012 Tax Deduction For Your Car Donation!

While it might be too late to donate a car for and receive a 2011 tax deduction; it’s the perfect time to donate a vehicle and get a 2012 charitable tax deduction! When you donate a car, van, truck, hybrid or any other vehicle to your favorite charity, we’ll send you a receipt to use during tax time. Not only do the proceeds of your vehicle go towards an amazing cause but your charitable contribution is tax deductible.

Choose your charity now!

Want to learn more? Visit or Tax Tips page

Need to speak with a customer service member about you tax deduction? Call us at 877-957-2277 and we’re happy to help!

Donated to Car Talk – a 1997 Subaru Legacy                              

donate a car to car talk

Donated to Habitat for Humanity – a 1987 Volkswagen Golf

car donation to habitat for humanity

U.S. Fund for UNICEF: Cars for Kids

Help save children in Sahel

Over one million children are at risk of severe malnutrition in eight countries in the Sahel region in Central and West Africa.

Poor rainfall has worsened the chronic food insecurity and desperation of children in one of the poorest regions in the world.

UNICEF urgently requires additional funds to maintain critical lifesaving services for children who face malnutrition, disease and death.

Help save children in Sahel

Help do your part by donating a car in support of children in needs. Donate a car, van, airplane, boat on a trailer, motorcycle or other vehicle to the U.S. Fund for UNICEF today and help reach the day when zero children die from preventable causes.

Car Donation to the U.S. Fund for UNICEF

 

Spotlight on our Partner: The American Cancer Society

We are proudly partnered with the American Cancer Society’s Cars For a Cure vehicle donation program. The American Cancer Society is an organization that believes in saving lives by helping people around the country prevent cancer or detect it early, when it’s most treatable. At its core, the American Cancer Society is a vigilant grassroots force of citizen-soldiers; passionate volunteers who tirelessly seek to save lives from cancer. Whether it’s passing smoke-free laws, increasing funding for cancer research, improving access to quality health care, or inspiring communities to take up the fight, ACS fights on all fronts, because the lessons we learn from one battlefield can mean victory on another. Through community events like Relay For Life® and Making Strides Against Breast Cancer®, we mobilize the world’s largest movement to defeat cancer once and for all.

Cancer Research, Car DonationCars for KidsSupport cancer research through car donation

Fight for everyone.

Cancer doesn’t discriminate; neither does ACS. The American Cancer Society fights for every birthday threatened by every cancer, in every community. ACS fights so one day no one has to ever face cancer.

Combine wisdom with passion.

Their unwavering commitment is based on a century of experience. ACS turns what they know about cancer – like how to prevent it – into what they do. And they fight on every front, because lessons from one battlefield can mean victory on another.

Results.

The list of accomplishments ACS has achieved with their more than 3 million supporters is long, but the bottom line is that more than 11 million cancer survivors – and countless Americans who have avoided cancer – are celebrating birthdays this year because of the progress they have made.

Together with millions of supporters, the American Cancer Society saves lives and creates more birthdays by helping people stay well and get well, by finding cures, and by fighting back. Give back today through vehicle donations. Donate a car, truck, boat, motorcycle, trailer, airplane, motorhome or other vehicle today and help the American Cancer Society continue to save lives

Cars For a Cure

Car Donation Spotlight: 1990 Buick Reatta

Written By: Sam Andrews

The 1988-1991 Buick Reatta was the company’s first attempt at an exclusive compact 2-door sports car since the 1940s.

car donation buick

The Reatta will be remembered alongside similar vehicles offered around the same time by General Motors like the Cadillac Allante (which shared a modified platform with the Reatta) and Chrysler’s Maserati TC. They all had one goal: to capture a piece of the market segment that normally didn’t buy American cars, people who appreciated European flavored design and/or engineering but were willing to pay a substantial price for it in an otherwise thoroughly American car.

Buick car donation

Also similar to those other automaker’s efforts was the Reatta’s unusual manufacturing process. The Reatta was actually hand-assembled by workers at special stations. When the station had completed their part, the vehicle was moved by robots to the next station, where another part was hand-completed, then moved to the next station and so on and so forth. This intricate, detailed-oriented process was unheard of for the world’s largest automaker in their ninth decade of mass producing automobiles.

inside of buick car donation

The results of such labor are moderately impressive. The Reatta’s styling was certainly fresh and new, at least when compared to the rest of Buick’s lineup at the time. It features a smooth, simple body that tapers to a slightly snubbed nose, pop-up headlights, blackened a-pillars, a single-unit taillight strip, and a large curved rear window, which must have been great for visibility.

Inside, the interior featured bolstered leather seats, driver-oriented dashboard and a very interesting all-digital touch-screen instrument cluster and center console, complete with a digital speedometer. All major functions were controlled from the touch-screen. I’ve never seen one of these before and can’t confirm if it was an industry first, but the boldness of placing such an interface in company that normally sells to older and mature customers used to simplistic technology is as quizzical as it is inspiring. The touch screen was only available from 1988-1989 before it was dropped in 1990.

car donation

The Reatta was one of several attempts by various automakers in the late 1980s to replicate the feel of classic ‘60s British convertibles like Triumph and MG but with modern technology and driving mannerisms. Examples include the Lotus M100 Elan and the ’89-‘94 Mercury Capri. Probably the best example was immensely popular and successful Mazda Miata, which debuted in February 1989. Some would consider the Reatta the least of those attempts, but I think it’s notable for being the first. The Reatta actually predated the Miata by a year, so one must give credit to Buick’s intuition. They even have similar sounding names. But the Reatta debuted as a coupe only, a misstep in a market that was ripe for small convertibles, as the Miata would prove. By the time they added a convertible in 1990, the Miata, which only came as a convertible, had already taken off and the Reatta was just a year away from discontinuation.

Could the Reatta have been the hit the Miata was? Perhaps. The Reatta was nice looking and mostly well designed. The arrival of the convertible made it even more alluring. But there were more negatives than positive. The hi-tech touch-screen was in conflict with the small, sporty, back-to-basics nature that most people conjure when they think of small coupes, not to mention alienating to older buyers. The engine was Buick’s basic 6-cylinder with a max of 170 horsepower and was not, like other Buicks of the era, turbocharged. The only transmission ever available in a Reatta was an automatic, a big turn off to young people and enthusiasts looking for something fun to drive. Lastly, the charming but antiquated hand-made assembly made manufacturing costly and time consuming.

Buick planned to sell around 20,000 each year. But by 1991, only 21,751 examples had been produced over about 4 years.

Right now the Reatta stands a good chance of becoming a future classic collector car. The good intentions of the original product, combined with the classic convertible body style and relatively low production figures make the vehicles candidates for restoration or show pieces. Will they become extremely valuable? Probably not. But as time goes on, and more and more are taken off the road and parted out, the Reatta stands a better chance than other cars from the era at garnering some interest, and maybe even increasing value after it bottoms out.

Our ’90 Reatta coupe was generously donated to WBUR and is painted red and features a light grey leather interior, sunroof, alloy wheels and only 64,408 miles on the odometer.

donate a car to charity

 

The Truth About Car Donation to Charity

Scenario: It’s got four wheels and an engine. Sometimes it even runs. But the mechanic’s estimate is more than you want to pay, so it’s time to get rid of the old clunker in your driveway. A 501(c)(3) public charity you like will take it off your hands. You’ll dispose of your car, support a favorite charity, and get a nice income-tax deduction. It’s a win-win-win situation—right?

In this case, yes. But vehicle donations to charity don’t always work out that way. To clarify the situation, the IRS issued a publication for donors on the topic, which Car Donation Wizard recommends checking out to decide if you’re ready to donate a car.

“A Donor’s Guide to Car Donations” (IRS Publication 4303) offers the following advice to vehicle donors:

  • “Check out the charity”
    Only gifts to qualified nonprofits are deductible. If you plan to deduct your vehicle donation from your taxes, you need to verify that the nonprofit receiving the car is a qualified organization before you turn over the keys and title.Note: If you find a nonprofit on GuideStar, it’s likely that your gift to it will be deductible. To be sure, look at the fine print that appears under the organization’s EIN on the first page of its GuideStar Report. If it is a 501(c)(3) public charity, your donation will be deductible. If the nonprofit is exempt under another subsection of the tax code—for example, a 501(c)(4) organization or 501(c)(6) entity—contact the organization to ask about the deductibility of your gift.
  • “See if you’ll get a tax benefit”
    You can deduct charitable contributions from your taxes only if you itemize your deductions, consult your tax adviser for individual information on how this will benefit you most.
  • “Check the value of your car”
    A car’s blue book value is not necessarily the same as its fair market value—a vehicle missing a bumper or driven for thousands of miles without an oil change will have a lower fair market value than a car that is the same age and model and has been well cared for. Only the fair market value of the vehicle you donate can be deducted from your taxes.
  • “See what your responsibilities are as a donor to charity”
    Make sure you obtain all necessary receipts and, if you declare your car’s value as more than $5,000, that you have a written assessment for it.

See Publication 4303 on the IRS’s website for more information.

Read more on Guidestar.org

Arm yourself with the knowledge you need to fulfill a scenario where you and the charity both win. Trusting your donation with one of Car Donation Wizards incredible nonprofit partners ensures that your donation will be handled professionally, efficiently and with the utmost concern for raising the most money for your charity. We work with recognized 501(3)(c) registered organizations, who run transparent organizations, so you know how and where your money is being spent. Rest assured that every car donation made through Car Donation Wizard will be eligible for a tax deduction. Get started with one of our vehicle donation experts online or over the phone today at 877-957-2277.