Marcus Owens
Marcus Owens
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The special Katrina legislation allows you to deduct up to 100 percent of your adjusted gross income.
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He still retains the ability to use the assets in a way that may return benefit to him, for instance by making investments at a magnitude his fund might not otherwise be able to make. There may very well be a dollar benefit even if no fees are being paid.
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Sadly, it's another case of a rich man manipulating charity for his own benefit.
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You have a number of churches and charities involved with a number of road trips for Mr. Blackwell, all of which seem to be aimed at gaining him visibility for his political campaign.