Patent ID: 6542875
Filing Date: 2003-04-01
Classification: G06Q

Abstract:
A method of assessing and effecting the transfer of qualified tax credit and/or passive loss monies earned by a corporation to a qualified chantable or public entity recipient, comprising the steps:identifying a need for funding to a recipient which is tax-qualified as a charity or a public entity; calculating the returns available to said corporation by its investing in a qualified limited partnership which generates tax credits and/or passive losses for said partnership and for said investing corporation; calculating the portion of the tax credits and/or passive losses which may be donated to the recipient while maintaining an acceptable level of return on said investment to said corporation; documenting enforceable agreements entered into between the corporation and the limited partnership and between the corporation and the recipient for effecting the transfer of qualified tax credit and/or passive loss monies earned by the corporation to the qualified charitable or public entity recipient; and at least partly carrying out said agreements.