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Valentin donates stock with a fair market value of $80,000 to his alma mater's scholarship fund, a public charity. He purchased the stock in 2005

Valentin donates stock with a fair market value of $80,000 to his alma mater's scholarship fund, a public charity. He purchased the stock in 2005 for $20,000. Valentin's AGI for the current year is $250,000.

What is his charitable deduction for the year?

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