VIII. Upon the death of their beloved parents in 2009, Karla, Karla, and Karlie inherited a huge tract of farm land in Kanlaon City. The siblings had no plans to use the property. Thus, they decided to donate the land, but were not sure to whom the donation should be made. They consult you, a well-known tax law expert, on the tax implications of the possible donations they plan to make, by giving you a list of the possible donees: 1. The Kanlaon City High School Alumni Association (KCHS AA), since the siblings are all alumni of the same school and are active members of the organization. KCHS AA is an organization intended to promote and strengthen ties between the school and its alumni; 2. The Kanlaon City Water District which intends to use the land for its offices; or 3. Their second cousin on the maternal side, Kikay, who serves as the caretaker of the property. Advise the siblings which donation would expose them to the least tax liability. (5%)