Question: Determine whether the transfers below qualify for the charitable deduction. Margaret has made the following transfers during this calendar year: 1. $5,000 to Harvest Hope,

Determine whether the transfers below qualify for the charitable deduction. Margaret has made the following transfers during this calendar year:

1. $5,000 to Harvest Hope, a non-profit community food bank;

2. $100,000 to her alma mater, to establish a fund to award scholarships to deserving students from her city; This transfer would qualify for the gift tax charitable deduction under 2522(a)(2) as a trust established exclusively for charitable purposes.

3. $200,000 to a community foundation, under which Margaret retains an income stream for life with the remainder passing to the foundation upon her death;

4. A remainder interest in undeveloped real property to her church;

5. A remainder interest in her vacation home to her church; and

6. 50 percent of the common stock in a closely held business that Margaret operated with her daughter, but, as part of the transfer, Margaret retained the right to vote the transferred stock

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