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Tuesday, February 21, 2012

Ray Charles Foundation Demands Return of $3 Million Donation; University Says Gift was Unrestricted

http://taxprof.typepad.com/taxprof_blog/2012/02/ray-charles.html

Celebrity Tax Lore, Tax | Permalink

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Comments

If I give $3 million to a university to build the Eric B. Rasmusen Economic Building, and write that into an agreement, is (a) the agreement enforceable in court, and (b) is the gift tax deductible?

Posted by: Eric Rasmusen | Feb 21, 2012 8:29:20 PM