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.
Anything you give above and beyond an average tuition level can be considered a donation. Ex. Avg. tuition at local private schools is $9000 a school year. You donate $10,000. That last $1000 is tax deductible. The same is true of GS cookies, dinners run by charities, etc.ayment of tuition disguised as a donation is payment of tuition and not tax deductible. The school schould be ashamed of itself for trying this ploy.