As early readers of this blog have seen, I have a vendetta against the whole scheming charitable-insurance world (for more on this topic, check out posts under Insurance Schemes).
Here is a blog post from from anther site going through how one of the older "can't miss" fads in charitable planning blew up (about 10 years late) on a sorry university:
http://taxprof.typepad.com/taxprof_blog/2009/08/charitable-splitdollar.html
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