By Sonja K. Johnson , Esq., Morrison &
family foundations have long been a popular vehicle for high net worth
individuals to take advantage of valuable tax planning opportunities while
maintaining ongoing involvement with the foundation's charitable giving activities...
Not all charitable gifts are created equal, and a charity is
not required to accept any and all donations of property, especially property
that may be difficult to own or liquidate in furtherance of the charity's
purpose. For instance, before a charity
accepts a contribution of stock in an S corporation...
When you filed your tax return, did you claim a deduction for charitable giving? Chances are pretty good that you did, since roughly 80 percent of itemizers do. The charity deduction is one of the oldest provisions of the income tax, dating from 1917. And over the years, it's also been one of the...