5-28 Charitable Contributions (LO 5.9) Tabitha donates a painting that she purchased three years ago for $8,000, to a university for display in the president's office. The fair market value of the painting on the date of the gift is $14,000. If Tabitha had sold the painting, the difference between the sales price and her cost would have been a long-term capital gain. How much is Tabitha's charitable contribution deduction for this donation (before any AGI-based limitations)? is deductible because the painting was not put to a use directly related to the organization's primary purpose. The deduction is reduced by the amount of the potential long-term capital gain