The Process Of Aircraft Donation
Donating Aircraft to a Charity First Things First: If you donate aircraft to AircraftDonation.org , or any IRS approved charitable organization, its Fair Market Value must be detaermined. An acceptable measure of the of a fair market value of an aircraft is an amount not in excess of the price listed in a used aircraft pricing guide for a private party sale, not the dealer retail value. However, the fair market value may be less than that amount if the aircraft has issues, damages, high airframe hours or any type of exstensive wear. The Fair Market Value of a donated aircraft is determined by many factors such as the price listed in a used aircraft pricing guide; that is only if the guide lists a sales price for an aircraft that is the same make/manufacturer, model and year, that is sold in the same geographic area, in the same condition, that is also with the same or similar engines, options, systems or accessories, and total hours and...