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DONATE YOUR AIRCRAFT

DONATE YOUR AIRCRAFT

The aircraft donation program is great way to find a new home for your aircraft while supporting youth aviation programs. Aircraft donors are able to claiming a tax deduction for market value of the aircraft or equal to gross proceeds of the sale. In addition to the tax advantages, donors can take pride knowing their donation supports youth flight scholarships, aviation summer camps, and helps more kids get involved in aviation. Flight Club will either sell the aircraft outright or raffle the aircraft.

The process is quick, simple and straightforward. Here’s how it works in 5 easy steps!

STEP 1

We determine if the aircraft meets some basic donation criteria.

STEP 2

We help you determine the aircraft's market value.

STEP 3

To complete the donation, all that’s required is for the donor to sign two simple documents – a bill of sale and letter of agreement.

STEP 4

Once these documents are signed Flight Club 502 assumes all the financial responsibilities for the aircraft. Then we raffle the aircraft or work with a local broker to sell the aircraft.

STEP 5

Lastly, Flight Club 502 will provide the donor with all the IRS tax documentation to ensure you receive the tax benefits

For more information or to discuss donating your aircraft, please call 240-344-1777 or email Georgeperry@flightclub502.org