Donate Your Automobile
The options for vehicle donations to support the National Corvette Museum are many. Naturally, stock, original un-restored, vintage, rare, classic or show cars carry the greatest value, but even an ‘everyday’ vehicle can generate support for the Museum.
The Donation Process:
- Email Derek Moore ([email protected]emuseum.org) with color photos of your vehicle, a copy of the title, and a completed Vehicle Donation Form.
- The Museum Display Committee will review the Vehicle Donation Form, and Derek will call to make arrangements to complete the donation paperwork and make delivery arrangements.
- Donors are responsible for an appraisal if one is desired.
- We may choose to have a Museum representative travel to see the vehicle.
Frequently asked questions
What will the museum do with my car?
The Museum has the option to display, drive or sell the vehicle that you donate. Museum staff will discuss with you what the best option for your vehicle donation would be. All vehicles, regardless of use, are kept by the Museum for a minimum of three (3) years so that you may enjoy full tax donation benefits.
Does my car have to be running to qualify for a donation?
Not necessarily, but the vehicle must be intact and movable.
Does my vehicle have to be a Corvette?
How much paperwork is there?
For you as donor, the key piece of paperwork is a clear and signed title in the name of the donor without a lien. If you have misplaced the title you can get a duplicate title through your state Department of Licensing. The Museum provides a few documents that must be completed to record the donation, and we will assist you with completion of the documents.
So how does the IRS get involved?
If you wish to take credit for a donation when you file your taxes, the IRS has guidelines for you and the Museum. We notify the IRS of your donation and when you file your taxes you need to document the value of the donation. IRS Form 8283 provides a section for your appraiser to complete and then a section for the Museum to complete upon transfer of title. You will then file this form with your taxes to take the deduction.
If your car is valued under $5,000, you can use one of the many guides to determine its current fair market value. If the value of your car is over $5,000, you will need to involve a certified appraiser. We can direct you to lists of eligible independent appraisers upon request. The appraisal can be dated no more than sixty (60) days prior to the donation and must be dated prior to your submission as a donation when you file your taxes.
Certified appraisers will be cognizant of requirements they must meet for the IRS to recognize their work. The costs of appraisal are the responsibility of the donor and may also be tax deductible as part of the donation expenses.
Can I leave my treasured car to the Museum in my will?
Yes, we do accept donations in this manner. The Zora Arkus-Duntov Society was formed to honor those who recognize the importance of investing in the National Corvette Museum and have included the Museum in their estate plans. Please provide a copy of your will to Connie Russell, Development Coordinator, to receive induction into this society. For more information, please consult your estate planner or contact Connie at the Museum.
How can I check out the IRS requirements for myself?
The easiest way is to go to their web site at www.irs.gov and look up Publication 4303 titled A Donor’s Guide to Car Donations.
How does my car get to the Museum?
Donors are responsible for transporting the vehicle to the museum. In some special cases, we may be able to find a volunteer or Museum staff member to transport the vehicle for you. Any shipping expenses to the Donor may also be tax deductible as part of the donation expenses.
What are the benefits of donating my vehicle to the Museum?
Donating a vehicle to the National Corvette Museum can bring considerable tax benefits to a donor. When the Museum accepts a vehicle, the donor may take a federal income tax deduction for the “fair market value” of the vehicle (as determined by a qualified appraisal), subject to certain restrictions.
The Museum also recognizes vehicle donors with the following privileges:
- Option to have a car “presentation” ceremony complete with photographs and video commemorating the event.
- Coverage of the donation on the Museum’s blog, social media (Facebook, Twitter), eNewsletter and/or America’s Sports Car magazine.
- Guided and personalized behind-the-scenes tours of the Museum (by appointment), typically on the day that their car is presented to the Museum.
Is the Museum interested in donations of vehicle related materials?
Yes! Corvette related research materials and other items we call “Automobilia” are accepted. We also accept items that can be used for silent, live and online auction fundraisers. Some items that we would accept are:
- Vintage Garage Signs and Gas Pumps
- Vintage Corvette Car Brochures and Manuals
- Corvette books, videos, DVDs
- Mechanic/Repair Manuals
- Automotive Collectibles
- Vehicle Accessories
- Automotive and Corvette back issues of magazines (contact us for a list of our current needs)
- Any Corvette memorabilia in good condition
To discuss donating vehicle related materials, please contact Betty Hardison at 270-467-8841 or [email protected].
Ready to begin? Click here to download our Vehicle Donation Questionnaire
Do you have additional questions? Please contact Derek Moore at 270-777-4516 or [email protected].