JIM realizes the importance of being a good corporate citizen and makes generous contributions to worldwide charitable organizations. For 2012, JIM wants to contribute $1,500,000 to various charities. Based on 2011 tax laws, if JIM's taxable income before charitable contributions is $11,500,000 in 2012,

Calculate the charitable contribution allowance for 2012.

Provide a recommendation to JIM management regarding the tax implications of this contribution.