This Year Latrell Made the Following Charitable Contributions Determine the Maximum Amount of Latrell's Charitable Deduction Assuming the Donee

Essay

This year Latrell made the following charitable contributions:
$\begin{array}{l}\begin{array}{lll}\text { Donee }\\\text { Jones Foundation}\\\text { Salvation Anmy}\\\text { City Hospital}\\\end{array}\begin{array}{l}\text { Property } \\\text { IBMI stock } \\\text { Clothes } \\\text { Cash }\end{array}\begin{array}{l}\text { Cost }&\text { FMV } \\\$ \quad 15,000&\$ 25,000 \\2,500 &500\\20,000\end{array}\end{array}$ Determine the maximum amount of Latrell's charitable deduction assuming the Jones Foundation is a private nonoperating foundation and Latrell's AGI is $100,000 this year. You may assume that the stock and painting has been owned for 10 years.