March 20, 2003
Tax Agency Issues Ruling on Gifts of Patents
The IRS has issued a revenue ruling that explains how certain contributions of patents to charities may -- or may not -- qualify for charitable deductions. Revenue rulings from the IRS are designed to help the public by stating the government's official position on aspects of tax law.
In a hypothetical example, the IRS said that if a donor gave a university a license to use a patent, but retained the right to license the patent to others, the gift would not be deductible
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
