Rocky Mountain News: Business: "Charitable loophole for FirstBank under attack
By Joanne Kelley, Rocky Mountain News
May 28, 2005
Roger Reisher grew up poor on a farm in Nebraska but now has more money than he ever imagined after building FirstBank into the state's largest locally owned banking organization.
He decided to donate his stake in the Lakewood-based banking chain to charity. But he is using a little-known type of philanthropic loophole that has drawn intense scrutiny from Congress and the IRS, both of which want to crack down on charitable tax exemptions. "
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