Can the trust claim a charitable contribution deduction

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Reference no: EM132650974

Problem - In year 1, the Helpful Trust agreed to make a $50,000 cash contribution to Local Soup Kitchen, a charitable organization. Helpful's board agreed to the gift at a November year 1 meeting, but the check was not issued until February 20, year 2 (i.e., during the next tax year).

Required -

a. Can the trust claim a charitable contribution deduction? If so, describe how Helpful should treat its gift.

b. Would the answer to part (a) change if the check was issued on May 1, year 2? If so, how?

Reference no: EM132650974

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