In December each year, Eleanor Young contributes 10% of her gross income to the United Way (a 50% organization). Eleanor, who is in the 24% marginal tax bracket, is considering the following alternatives for satisfying the contribution.

	Fair Market Value
(1) Cash donation	$140,200
(2) Unimproved land held for six years ($21,030 basis)	$140,200
(3) Blue Corporation stock held for eight months ($21,030 basis)	$140,200
(4) Gold Corporation stock held for two years ($168,240 basis)	$140,200

Eleanor has asked you to help her decide which of the potential contributions listed above will be most tax advantageous. Evaluate the four alternatives and complete a letter to Eleanor.

Determine the amount of the charitable contribution for each option.

	Charitable Contribution
Cash donation	$
Unimproved land held for six years ($21,030 basis)	$
Blue Corporation stock held for eight months ($21,030 basis)	$
Gold Corporation stock held for two years ($168,240 basis)	$