In December of each year, Eleanor Young contributes 10% of her gross income to the United Way (a 50% organization). Eleanor, who is in the 24% marginal tax bracket, is considering the following alternatives for satisfying the contribution. 

Eleanor has asked you to help her decide which of the potential contributions listed above will be most tax advantageous. Evaluate the four alternatives, and write a letter to Eleanor to communicate your advice. Her address is 2622 Bayshore Drive, Berkeley, CA 94709.

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Fair Market Value (1) Cash donation $23,000 (2) Unimproved land held for six years ($3,000 basis) (3) Blue Corporation stock held for eight months ($3,000 basis) 23,000 23,000 (4) Gold Corporation stock held for two years ($28,000 basis) 23,000