During the Current Year, Ralph Made the Following Contributions to the University

question 53

Multiple Choice

During the current year, Ralph made the following contributions to the University of Oregon a qualified charitable organization) : Cash $\quad$ $\quad$$\$ 63,000$
Stock in Raptor, Inc. (a publicly traded corporation) $\quad$ $\quad$ 94,500 Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralph's AGI for the year is $189,000. What is Ralph's charitable contribution deduction for the current year?

• A) $56,700
• B) $63,000
• C) $94,500
• D) $157,500
• E) None of the above

---

Definitions:

S&P 500

A financial index measuring the performance of the top 500 large-cap companies on U.S. stock exchanges.

Market Value Weight

An investment strategy that involves constructing a portfolio where each asset is weighted according to its market capitalization.

Open-end Mutual Funds

Investment funds that continually issue new shares and buy back existing shares from investors, without a fixed number of shares.

Guaranteed Rate

A fixed interest rate agreed upon in a financial contract, ensuring that the rate will not change for the contract's duration.