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The 30% of AGI limit also applies to contributions of cash and ordinary income property given to a private nonoperating foundation (a privately sponsored foundation
The 30% of AGI limit also applies to contributions of cash and ordinary income property given to a private nonoperating foundation (a privately sponsored foundation that disburses funds to other charities). The deduction for contributions of capital gain property to these private charities is limited to 20% of AGI.
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