Charitable donations: Personally or from LLC?

[Mark Lucido]

I'm curious how other investors are making their charitable donations, particularly if they own an LLC. I'm considering making my donations from my LLCs and in my particular instance, my LLC Partnership income flows through straight to my personal taxes. If I make the donations from the LLC then there might be a small benefit of reducing my overall LLC income by the donation amount. If I make the donation personally, I'm already in such a high tax bracket that I'm not sure how much I can benefit from it. What are others doing?

[Lance Lvovsky]

That's right, your LLC is not a disregarded entity for tax purposes because your LLC has a filing requirement. As such, charitable contributions are reported as a separately stated item on Schedule K, line 13a. That flows to Box 13a of Schedule K-1.