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There are many reasons why someone gives something (of monetary value or not) to museums. The most altruistic reason is to share the object with the public. For example, say you happen to have a letter that George Washington wrote to his wife, referencing a particular act of government. This letter has never been published and was handed down to you from descendants of one of Washington's servants. This letter can be critically important to scholars of Washington and of the early United States. It would also be of great interest to visitors to a history museum or historical society, who would be fascinated by anything that had touched Washington's hand. Although you might derive great pleasure by having this letter, it could actually touch the lives of many more people if it were part of a museum collection. If the letter is of great monetary value, you can (in the US and many other countries) receive a deduction for your income taxes when you give donations of cash or property to a nonprofit organization. See the link below to the IRS page on that topic. Also, a museum might have the insurance to cover the value of the letter, whereas you might not be able to afford the insurance. And finally, the museum has the proper storage and exhibition facilities to care for the letter long-term, much better than your un-airconditioned attic with random bugs and leaks. All of this may apply whether you donate an artwork, an object, a book, etc.

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