So he's giving up the tax deduction he'd get if he made the donation to the foundation himself? That doesn't seem smart.https://twitter.com/blakehounshell/status/778689550746918914 …
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how so? Speaking fee would have counted as income, so he'd be in same tax position as if he gave & got full deduction, I assume
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If no deduction limits apply then a wash; but if it was his only income after business deductions, 30% limit.
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So by having a client donate to foundation, he's shifting risk of a deduction limit from himself to them?
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Yes, but for most if not all payors limit will not matter because they have lots of income.
End of conversation
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