Donald Trump's Park Donation

Last month the New York real estate developer Donald Trump donated 436 acres of park land. Numbers like $100 million have been suggested for the value of the land. But does the Donald benefit by giving away such a valuable piece of land or it just because it makes him feel good inside?
It would be cynical to say that a businessman only donates for material or financial gain, but there are a lot of enticing reasons to be philanthropic (Which is how it should be).
In a recent Journal News article they looked at some of the possible benefits that Donald Trump could of got from the New York park deal..

• Trump will be able to take advantage of the benefits the tax code provides for big charitable gifts and save millions of dollars with his donation of land in Putnam Valley and Yorktown near the Taconic State Parkway for the Donald J. Trump State Park.
• He won't have to pay capital gains taxes because he didn't sell the land, which includes 282 acres at Indian Hill in Yorktown and Putnam Valley and 154 acres at French Hill in the middle of Yorktown.
• Attempts to develop both sites generated opposition in recent years. Planners in Putnam Valley were concerned about traffic on the road to Indian Hill.
• Trump got the benefit of the publicity from announcement last month. Once the park is open, it'll be known as the Donald J. Trump State Park, a fact that nobody driving by on the Taconic will be able to miss since there will signs along the side of the road and at the entrances.

Read the full story here.
Business should benefit from being generous, it should be encouraged..

# Philanthropy News, Donald Trump News