[Leisler]

I heard that the Grand Parents just happen to ‘donate’ $40,000 to the school, which just ‘happened’ to give a scholarship to the kids.

The Grandparents took a deduction for their ‘gift’ to charity.

Right??

If the grandparents gave or paid for the kids, I suspect that would be taxable income for the Frosts.

But the way they have it setup is they get the kids in school, keep the family income down and grandparents get a deduction. Wink wink, nod nod.

[palmer]

I heard that the Grand Parents just happen to `donate' $40,000 to the school, which just `happened' to give a scholarship to the kids.

Heard where? All we have so far is misunderstanding from another thread where it was described that the GPs gave to a daycare center that got named after them. If you have actual information about a donation, please present it. Otherwise you are perpetuating a rumor started at this forum.