Monday, April 28, 2008

Charitable Contribution Deduction and a Baseball Jersey

The TaxProf blog reports on the charitable contribution deduction issue raised by the recent auction of a #34 David Ortiz Red Sox jersey that a construction worked had buried in the concrete of the new Yankee Stadium in hopes of cursing the ballpark.  The Yankees have agreed to use the $175,100 closing eBay bid to benefit the Red Sox' Jimmy Fund, a charity that supports cancer research and care at the Dana-Farber Cancer Institute.   Further discussion of this issue can be found in a later post on the same blog.

LHM

http://lawprofessors.typepad.com/nonprofit/2008/04/charitable-cont.html

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