Courses 2009 - 2010
LAW T 544 Tax Aspects Of Charitable Giving
Examination of income, gift and estate tax consequences of charitable gifts of cash and property. Topics covered include: theoretical and policy bases of the charitable deduction; technical requirements of a charitable gift; effect of receipt of benefits; percentage limitations based on character of donee and type of property given; application of carryover rules; effect of receipt of partial cash or cash equivalent consideration; gifts of partial interests (charitable remainder trusts, pooled income funds, charitable lead trusts, future interests in residences and farms, conservation easements); gifts of stock in closely held corporations and subsequent redemptions of that stock; gifts of exotic properties (stock options, derivatives, restricted property, IRAs, etc.); gifts and dealings with private foundations; appraisal and reporting requirements.
Not offered this academic year.