The special Katrina legislation allows you to deduct up to 100 percent of your adjusted gross income.
He still retains the ability to use the assets in a way that may return benefit to him, for instance by making investments at a magnitude his fund might not otherwise be able to make. There may very well be a dollar benefit even if no fees are being paid.
Sadly, it's another case of a rich man manipulating charity for his own benefit.
You have a number of churches and charities involved with a number of road trips for Mr. Blackwell, all of which seem to be aimed at gaining him visibility for his political campaign.
