Stock given as charitable donations

[David]

TP has a charitable giving fund with Franklin Templeton. The TP received a letter from Franklin Templeton acknowledging his contribution to a charitable foundation. The letter also states that the charitable foundation has exclusive legal control over the TP Charitable Giving Fund. The total value of the stock given to the fund was $19K. Stock was held for more than a year before given to the fund. The letter appears to indicate that the TP gets a charitable deduction for the full $19K.

 

Only $6K was distributed from the charitable foundation fund to various charitable organizations.

 

My questions are:

1. Isn't only the amount distributed from the charitable foundation fund actually taken as a deduction? In this case only $6K?
2. Isn't the deduction for the stock reported on form 8283 and reported separately for each organization that cash was distributed to?
3. The various organizations included the cash amount given from the charitable foundation along with other cash giving in their annual giving statement. Do I report cash giving to these organizations for only the cash given outside of the cash distributed by the charitable foundation?

As you can tell, this is the first time I have had a client do this.

 

Thanks.

[kcjenkins]

Once he loses control of his stocks, he gets the deduction.  That is why that letter also states that the charitable foundation has exclusive legal control over the TP Charitable Giving Fund.