September 6, 2010
Year-End Giving Could Get a Lift From Political Tax Debates
Charities could see a busy year, says Sarah C. Libbey, of Fidelity Charitable Gift Fund.
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Charities could see a busy year, says Sarah C. Libbey, of Fidelity Charitable Gift Fund.
Last month, a wealthy donor visited Phillip Adcock, a senior fund raiser at the University of Alabama. Convinced that the federal government would soon raise his taxes, the donor wanted to talk about a way to protect his assets while also fulfilling his charitable commitments.
Now the donor plans to add $100,000 to a scholarship fund he created in memory of his wife. Altruistic reasons aside, the donation is financially savvy. He will use the charitable deduction to counter the effect
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