Question
Colby is actively involved with supporting his alma mater. In 2019, Colby contributed $10,000 of highly appreciated securities and $20,000 cash to his alma mater,
Colby is actively involved with supporting his alma mater. In 2019, Colby contributed $10,000 of highly appreciated securities and $20,000 cash to his alma mater, and spent about 10 hours of his time normally billed at $200/hour helping them to raise funds. If no further charitable contributions are made in 2019, what is the total value of Colby’s charitable contributions for the year?
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To calculate the total value of Colbys charitable contributions for the year we need to consider the contributions of securities cash and the value of his time 1 Contribution ...Get Instant Access to Expert-Tailored Solutions
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