Marcus Lemonis (OT)

[Tad Footeball]

Belen should hand out $25 gas cards to their staff today just as a distraction.

 

[FL Cane]

It wasn’t just 3.1 million. The 3.1 million is on top of another 7 million that’s he’s donating to the school for a college and career center and some other stuff.

 

[FL Cane]

Also, saw that Ruiz donated 10 million to Westminster.

 

[Silentobserver]

It wasn’t just 3.1 million. The 3.1 million is on top of another 7 million that’s he’s donating to the school for a college and career center and some other stuff.

I think it's a total gift of 18 million to the school (the additional 8 million will be to help families with tuition).

This goes along with previous contributions to the school to help build a new science building.

 

[West Coast Cane]

wow, gift tax law is $15000... wondery why random number like 18?

18 is not so random if you follow finance and other topics.

 

[Prizzle]

Between this one and the 10mil at westminister reported today, I think we are Buying influence in the high schools … is this what all in looks like? I’m all for it!

 

[RattlerCane305]

I know a few schools north of Flagler that could use some of that generosity...

 

[Cryptical Envelopment]

wow, gift tax law is $15000... wondery why random number like 18?

Chai (חי).

 

[Juancane]

ah that's what the 3 million was for. fair enough

I was told he donated ~$10M to the school in total. The first $3M was to give each teach $18K (guess that's what it averaged to). The rest to the school itself.

 

[ClancyNoseBest]

Annual exclusion gift is $15,000. Perhaps he gave it to the school to dole out to the employees which would not count against individual gifts as it is a contribution to the institution and not the individual (it is likely taxable as income in that instance). Or, if he has a spouse (I’m unaware of his marital status) they could complete a split-gift to accomplish this as well.

Straddle the year and dump $3k into 2022, just like I straddle when I take a dump...