The Henry Ford is a valid 501(c)(3) organization, and their website states that memberships are indeed tax-deductible. You can include your membership in your charitable contributions as an itemized deduction on Schedule A.
** Update **
Ah; Judy caught me sleeping at the late tax-season wheel. ;-) As the updated first link below specifies, memberships are deductible "to the extent allowed by law." Having re-read the question, the words "ENTIRE membership" now jump out at me in bright, neon lights. :-)
My updated answer is: maybe. As Judy said, you can only deduct any amount that you give above the value of any benefits you receive. HOWEVER: If you are at an annual membership level of $75 or less, the full amount may be deductible. The second link below shows that IRS allows certain benefits to be ignored, and most of the member benefits listed on the first link appear to qualify.
If your annual membership is more than $75, the organization is required to give you a written statement regarding how much is deductible. I assume you haven't received one since you are asking here, so I would highly recommend calling the Henry Ford Call Center at 313-982-6001; I guarantee that you are not the first person to ask about this, so they should be able to confirm how much of your specific membership level is deductible. Good luck! :-)
2007-04-12 07:02:47
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answer #1
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answered by Anonymous
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No it can't - you don't get a deduction for money paid to an organization, even if they are 501(c)3, if you benefit from that contribution. Only the amount over the benefit you receive is deductible, and the fee for membership IS the amount paid for the benefit you receive, by definition. If you just sent them a donation, not for purchase of a membership, that would be deductible. If they had a "benefit day" with admission $50 over the normal price, the extra $50 could be deducted but not the whole admission cost for the day.
Mr Tax Preparer, who usually has correct answers, needs to look a little closer at the line on the website - it says they depend on ..."tax deductible contributions and memberships" - the "tax deductible" refers to contributions, it's not saying that memberships are deductible. It could be read grammatically either way, and I suppose that whoever wrote the line deliberately made it ambiguous, but by tax law, the membership fee isn't deductible.
2007-04-12 11:59:07
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answer #2
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answered by Judy 7
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2017-03-01 08:03:44
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answer #3
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answered by ? 3
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2016-06-26 07:59:27
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answer #4
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answered by Flora 3
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Henry Ford Museum Membership
2016-06-23 01:01:19
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answer #5
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answered by Anonymous
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Yowee Abbs is there really people who have both??? That's kinda freaky soundin. Um no I would not. I had to have body work done on my car a few times for runnin over stop signs, but never had any enchancements
2016-03-18 07:37:10
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answer #6
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answered by Anonymous
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Greenfield Village Membership
2016-10-03 10:34:24
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answer #7
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answered by abid 4
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