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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: chuckles58 who wrote (61143)	10/30/2001 1:41:35 PM
From: Paul Engel	Respond to of 275872

Re: "Charitable deduction for appreciated property The federal rules for charitable gifts allow you to deduct the fair market value of the stock, without picking up the capital gain. The only limitation is that you can only deduct up to 30% of your adjusted gross income. Any unused amount can carry over for up to five years. The charity can sell the securities right away if they want. If the gift of stock was initially to a private foundation, it's limited to 20% of AGI. The foundation is only required to give 5% per year to public charities. " How much will AMD shareholders get to deduct for AMD paying $2.5 Million to feed Jerry's EGO at the University of Illinois?