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Article Date:
May 2007


Word Count:
154

 

 

Value of Time As a Contribution


I was appointed by the governor to serve on the board of a state college and on a committee of a local commission. During this time, I received no compensation, and I spent time performing uncompensated legal services for these organizations. The value of my legal services at my regular hourly rate is about $19,000. Had I contributed $19,000 cash to these organizations, I would qualify for charitable deductions, as both are qualified charities under the tax law. May I ... Log in to view full article.

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