Puff, the Magic Dragon - Parodies. 1  In the mid 1970s an American Jewish band named Ruach created a parody version of the song entitled Puff the Kosher Dragon.
Pay tuition directly to the college. If you are considering making an outright cash gift, another option is to bypass your grandchild and pay the college directly. Under federal law, tuition payments made directly to a college aren't considered taxable gifts, no matter how large the payment.
If you intend to include a school gift as a deductible item for tax purposes, you should verify the status of the individual school district or educational service center with its treasurer. Also, you should consult with a tax professional to make sure your specific donation is deductible. 8/30/2016â.