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This type of financing includes charitable donations, either cash or in-kind, made to an organization and is the primary source or operating and investing income for major collegiate sports programs.

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  1. Today, 04:07
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    Gifts

    Explanation:

    The gifts to charitable organization which includes the financing of the collegiate sports programs under the tax laws and regulations of United States are considered as Gifts and qualifies for the tax allowance with an equal amount.
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