CTA Case No. 173 (Decision)

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DEC! C.T. � 173 - 9 -� It is clear , therefore , that th ssociation is not subject to the donor ' s gift tax on the transfer by it to the School of the sum of 9 , 252. 48. Heithe.r may the . e bers of t e ssoci ation be held liable to th tax �t ap pearing that the share of e c in the onation i ot exceed � 1 ( ee lst indorse- m nt d te cember 20 , 1954 of Examiner �naldo � L ez , pa e 12, .1�� records. ) 'e no co e to the taxability of the chool , th recipient of the sum of ;9 ,25?.48. ~ether the don a- tion is tre ted as gi ts of t e individual members of '7 t s ciati on or as gi ts of the persons whc contrib- uted to th Endowment Fund of the Association , it ap - t t ea ch contr~'butor gave not more than 1 ,000. � r the la , gifts by an individual donor to a done >J not exceed�ng -1,000. 00 are not subject to the donorts and donee ' s ift taxes. ( ec. 112 , Rev. Code. pu~oses f i or of h don e �s gift tax , �here gifts ar rna by t o or 1 or donors in favor of the same donee, the ifts made by ach donor are considered s - / ar tely from the gifts of the other donors and ar e en - titled to separate ex empt~ons . F r this reason, the l a re uires that s parate x turns be f~led by the one covering gifts receiv f~o ac1 individual do- no~LSec. 115(b), Rev. Code~ Therefore , the Sc ool , 1 Effoctive eptember 15, 1950, donatio s or gifts in f avor of e uc tiona! institutions irrespec- tive of , unt ar not subject t o the donor ' s gift tax , pursuant to s ction 4 of Republic . ct o. 579. 103

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