Now that we know all about pledges (Click to read Part One, Two, Three, Four, Five, Six), a gift planning problem. Don wants his name on Charity’s new clinic building. Charity’s president, Ron, has told Don it will cost him a big chunk of change, $X, in cash or securities or in a combination of …Read More
We continue looking at IRS rulings on pledges (read Part 5 here). First up is a 1981 Revenue Ruling, Rev. Rul. 81-110. The facts here are that Party A made a legally enforceable pledge to a charity. Subsequently, Party B paid the pledge. Focusing on the fact that Party B’s payment relieved Party A of …Read More