The Griffin Trust makes a gift to a qualifying charity. Griffin's entity-level deduction is allowed only to the extent of 50% of distributable net income.

Name: The Griffin Trust makes a gift to a qualifying charity. Griffin's entity-level deduction is allowed only to the extent of 50% of distributable net income.
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The Griffin Trust's entity-level deduction for charitable contributions is generally limited to 100% of distributable net income, not 50%.

The Griffin Trust Makes a Gift to a Qualifying Charity