Anyone ever donate an artifact to a museum?

835 Views | 7 Replies | Last: 1 mo ago by Ryan the Temp
Ryan the Temp
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:15p, 10/25/24
AG
I am considering making a gift to a museum and I have been advised to have its value determined. I'm curious to know how folks have approached valuations of artifacts that have historical significance contributing to the value beyond their non-historic market value.
Reply Quote
Cinco Ranch Aggie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:32p, 10/25/24
AG
I've donated three WWII model airplanes I built to the Scale Model Museum located above the USS Lexington in Corpus Christi.

I recall getting a determination on the value of the built models, but I don't recall if that valuation was ever listed anywhere (taxes or whatever).
Reply Quote
CanyonAg77
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ryan the Temp • 6:25p, 10/25/24
AG
Unless it is very valuable, and you are also itemizing deductions, is it worth the hassle?

And I'd be interested to hear what it is

Reply Quote
2
HillCountry15
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ryan the Temp • 7:33p, 10/28/24
If you don't mind me asking, what item are you considering to donate?
Reply Quote
Ryan the Temp
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to HillCountry15 • 5:44p, 10/29/24
AG
HillCountry15 said:
If you don't mind me asking, what item are you considering to donate?
A pocket watch that was given by the RVs to W.T. Burns '20. He was captain of the RVs and Corps Commander. If you have a copy of Keepers of the Spirit, the facing page photo of the Corps Commander and Commandant on Simpson drill field is him.

Burns' nephew gave me the watch back in 2002. His wish was that while he was still alive it should be "enjoyed" by members of the Corps, which I did to the best of my ability by allowing Corps commanders to carry it during Final Review quite a few times. Tom died a couple years ago and I haven't made it to A&M for Final Review in several years, so I am considering donating it to the Corps Center.
Reply Quote
3
Ryan the Temp
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to CanyonAg77 • 5:44p, 10/29/24
AG
CanyonAg77 said:
And I'd be interested to hear what it is

See above.
Reply Quote
CanyonAg77
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ryan the Temp • 6:21p, 10/29/24
AG
Pretty cool.

And do you really want to have it appraised? My guess is that the $$$ value is below the sentimental value.

But if you have it appraised, do you want to open the can o'worms as to why you didn't declare it as income when you received it?



And as I said above, unless you will be itemizing, and the value is substantial, I don't see the point of an appraisal.

Don't we have a guy on the board who works at the Eisenhower Museum in Abilene, Kansas? Maybe he could answer as to whether the museum needs the aprasial.
Reply Quote
1 edit
Ryan the Temp
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to CanyonAg77 • 8:33p, 10/29/24
AG
By itself as a watch without considering its provenance, it's worth maybe $200-300.
Reply Quote
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.