C3-35 Charitable Contribution of Property. Yellow Corporation donates the following property to the State University: ABC Corporation stock purchased two years ago for $18,000. The stock, which trades on a regional stock exchange, has a $25,000 FMV on the contribution date. Inventory with a $17,000 adjusted basis and a $22,000 FMV. State will use the inven- tory for scientific research that qualifies under the special Sec. 170(e)(4) rules. An antique vase purchased two years ago for $10,000 and having an $18,000 FMV ty plans to sell the vase to obtain funds for educational purposes. Yellow Corporation's taxable income before any charitable contributions deduction, NOL or capital loss carryback, or dividends-received deduction is $300,000. a. What is Yellow Corporation's charitable contributions deduction for the current year? b. What is the amount of its charitable contributions carryover (if any)