Condor
PhD Student
Posts: 1888
Reg: 11-21-04
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10-10-18 10:55 AM - Post#262347
In response to AsiaSunset
Not that it is the critical issue here, but I am confused by the amount. It appears that JA received $18,000. To my knowledge, gifts to the school that have admissions impact are minimally $250,000, and likely much more. I assume the annual gift tax exclusion for both spouses at the time of transfer would have been either $26,000 or $28,000. Hence, while it is difficult to understand why JA did this under any circumstance, the amount makes the compromise even more confusing.
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