Sun 23 Aug, 2015 06:22 pm
If a person gives a large gift to a not-for-profit university and in return the university names a building after the donor, may the donor deduct the gift on his U.S. tax return?
Or could the I.R.S. disallow (part of) it, on the basis that the donor got something in return and so is not completely a donor?
Wow! Just what he was waiting for.