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Hi my name is Mark. I will be happy to help you with your questions.
I am checking on this for you. Do you know what the boy scouts will do with the boat?
no, they may keep it to use OR sell it for cash
The amount that you are able to deduct depends on what the boy scouts do with the boat.
OK, if they keep it and use it what would be the deduction
Ok if the sell the boat your deduction would be whatever they receive for the boat. If they keep the boat your deduction would be the Fair Market Value of the boat.
How did you determine the FMV of the boat?
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IRS publication 4303 would address your situation.