Have An Older Business Jet You Can't Sell? Donate Jet To Charity

Many business jets have been depreciating faster than ever before. Even some models whose value usually declined an average of 4 percent per year have experienced losses in excess of 20 percent in 2015 alone. Aircraft Value Reference Guide (Vref), reported that during a three-month period at the end of 2016, the value of the average Falcon 7X dropped between $1.8 and $2.7 million, with other models such as the Gulfstream G550 experiencing similar declines. Sellers of such jets have been feeling the pressure to complete a transaction sooner rather than later, which have further accelerated depreciation rates.

Buyers are not so plentiful for a 32-year-old business jet that needs an eight-year inspection, major avionics upgrades, and even engine overhauls. A purchaser might conclude that the cost to render the aircraft serviceable exceeds its overall value. An owner who wants to get rid of an airplane that’s hard to sell has very limited options. A business jet just isn’t the same as a car that you can put out to rust in a field by the barn or have hauled away by a junk-metal dealer’s tow truck.

When an aircraft becomes too expensive to operate or too difficult to sell, a great solution is to donate it to charity . Consider donate business jet to Giving Center, who can offer you an excellent tax benefit for your donation. Owners seeking to get rid of older jets are increasingly thinking about the benefits of giving them to charity.

There’s no lack of willing recipients, however, Giving Center will make the donation experience a pleasant one their with simple and hassle free process. You can start by filling our their short form.

Giving Center will fully utilize your donation to empower their mission — to promote the welfare of communities far and wide so that no child, elderly person, or family has to feel that there is no light at the end of the tunnel— they may sell or part it out and use proceeds to further help people and communities in meaningful and impactful ways.

Obviously, a key concern in donating an aircraft is to make sure you’re dealing with a bona fide charity whose mission you agree with. Giving Center is an IRS approves 501(c)3 nonprofit charitable organization! This means that they can offer you a tax deduction of the fair market value of your donation. Ask your account more on how your donation can benefit you the most.

Through their expert team of volunteers, Giving Center will handle the transfer of possession of the aircraft and all necessary tax documentation. They schedule timely pickup at your convenience. Don’t Let your property sit and deprecate any longer. If you have any questions feel free to contact them via email, or reach out to a ready volunteer at (888)-228–7320.