We greatly appreciate your willingness to donate to the Museums. Telescopes and vacuum tubes have immense importance and are icons of the modern age. Telescopes especially play a very special role as the foundation of astronomy and understanding the universe, and vacuum tubes especially play a very special role as the foundation of all electronics. The Museums fulfill the vital need to preserve everything that documents telescopes and vacuum tubes as very important parts of our civilization and our culture for current and future generations. Donations to the Museums are fully tax-deductible. Please let us know if you would like a tax deduction letter to file with your return.
Help our preservation and presentations of telescopes, vacuum tubes, telescope & vacuum tube artifacts, and especially our educational and scientific programs. Your tax-deductible gifts are also wonderful ways to honor or memorialize someone. Contributions of $1,000 or more are published in our annual list of Donors. Significant Donors will be listed on brass plaques prominently displayed in the Museums’ facilities. There are many ways you can help with contributions:
- Cash Donations Individuals and organizations may donate cash to the Museums. Donations are tax deductible according to your local laws.
- Checks should be made payable to “International Vacuum Tube Museum” or “International Telescope Museum” and mailed to:
- The Museums, 8547 East Arapahoe Road J200, Greenwood Village CO 80112 US
- To wire a donation, please email us for instructions.
- In-Kind-Donations also known as Donations-In-Kind In addition to cash, individuals and companies can also donate real property, equipment, materials, vehicles, products and/or services. Click here to donate vehicles.
- Real Estate In-Kind Donations The Museums can accept donations of real estate assets of every kind:
- Commercial Buildings
- Residential Properties
- Flex Space
- Building Lots
- Industrial Properties
- Co-Located Commercial Buildings
- Commercial Building Complexes
- Vacant Land
- Mixed-Use Properties
- Multi-Family Properties
- Office Buildings
- Undeveloped Land
The Advantages for Donating Real Properties are Substantial
For Individual Donors:
- Avoid Or Diminish Capital Gains
- Receive a Charitable Tax Deduction
- Eliminate Selling Problems
- Simple to Transfer Ownership
- No Real Estate Fees
- Possible Income Through An Annuity
- Philanthropic Goals Are Met
Companies are often challenged when trying to liquidate properties in a timely manner while meeting legal guidelines or regulations. For example, negative cash flow properties can create an excellent exit strategy for companies while simultaneously helping the Museums. Advantages include:
- Expensive unused or underused properties can be eliminated
- Excess contribution amounts may be carried forward for up to five years
- Donations may be timed for the best advantage
- Donations produce excellent public relations for the companies
Real estate can often easily be worth more as a tax deduction. Gifting of real estate can be accomplished in many different ways, depending on the Donors’ goals. Outright gifting is easiest and most straightforward method of donating real estate assets. The Donors benefit by taking the full appraised value of the asset as a tax deduction at the time of the title transfer to the Museums. Donors also have the benefit of determining the timing of the asset disposal and can mitigate costly delays in transferring title. Another option is bargain sales, where Donors deduct the difference between the market price and the sales price while receiving part of the equity at the same time. Another option is using charitable remainder trusts, which can be structured with the real estate being a funding source. Typically with this method, Donors deed properties into an irrevocable trust and receive an income stream, and avoid capital gains taxes while receiving cash flow. At the end of the trust the Museums receive the remaining assets.
Other methods include bequests, retained life estates, and other estate planning methods that can benefit the Museums. Other benefits that Donors can gain include elimination of management responsibility, relief from capital gains taxes; reduction of federal, state, and transfer taxes; and income streams, marketing opportunities, referrals, and positive public relations exposure. There are many non-productive real estate assets that are difficult to move. While a specific value may be justified, the ultimate sales price for such properties is typically far below. Gifting that real estate to the Museums can easily be the best exit strategy, and not just for monetary reasons, but also considering timing, economics, and public relations.
Other In-Kind Donations
- Computer hardware, including laptops, tablets, desktops, servers, workstations, monitors & all types of ancillary equipment data storage, network equipment, printers, scanners
- Computer software, unused or with freely-transferrable licenses, office suites, scientific software, operating systems, graphics software, developer tools, educational software, etc.
- Cars, SUVs and pickups
- Trucks, including light, medium and heavy duty trucks
- Advertising & public relations services
- Writing services
- Legal, accounting & insurance services
- Travel packages & tours
- Consulting services
- Tools and equipment to outfit several shops for metal, wood and plastics work
- Electronic equipment & apparatus to outfit several scientific laboratories
- Mechanical equipment to outfit several mechanical workshops & laboratories
- Telephone systems
- Library & museum equipment
- Book printing & book binding equipment
- Photographic equipment, still cameras, video cameras, lights, processing equipment & software (formats: digital, 35 mm, medium format, large format)
- Supplies & materials of all types
The Museums acknowledge all donations received via proper letters for your tax deductions, including lists of your donations and dates confirming receipt. To discuss your donations, please contact us.