I don’t know. the boatyard could be going back on their handshake. But something about this story makes me feel that this is one sloppy and possibly questionable charity. The story says:
“Williams made plans to use the boat, being stored on the east coast of Florida, to generate money for his charity. ... Williams tried to take the boat from the east coast of Florida to Tampa so it could be prepared for its business usage.”
“Business usage” sounds oddly vague. And couple that with the fact that a registered (tax exempt) charity can’t run a side business to generate a profit that they use for charity. Are they a registered charity? Does Williams volunteer his time for free based on a handshake agreement? Or does he get paid a salary? Is it more than $50,000?
Like I said, this could be a case of a greedy and unscrupulous boatyard owner taking advantage, but it could also be a story about very sloppy management.
No bearing at all on their decision to basically seize the boat and stiff the charity.
I see your point. I figured it would be like them getting a hot-air balloon donated to them. They could sell it for cash, or use it to give tours and generate profit, which they could use, then eventually sell the thing if it doesn’t pan out. The boat will always be worth a tidy sum, but perhaps it could be used to generate even more somehow.
Just giving them an armchair dollop of some benefit of the doubt.