Taxpayer contributions made Allowable charitable contributions 1. Client #1 Contributions made in Year 2 included the following: Cash to a local religious institution: $4,000 Cash to a political action committee: $400 Publicly traded stock held for 36 months (FMV - $6,000; Cost - $5,000) to a state university Cash to a local science museum: $500 Rental value of property occupied by a nationally organized charity at no charge: $5,000