VEry simple cant you understand
The tax deduction is for charitable organization (ie Vt athletic dept) for offering education for students.) . The tax deduction is not your personal benefit from the contribution.
the 20 percent is the benefit derived from the contribution. Its a round off era, that the 'practice' allows by all schools. makes it easy.
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In response to this post by laphroaig)
Posted: 05/13/2016 at 09:42AM