Jack is single and made the first taxable gift of $1,000,000 in 2008. Jack made no further gifts until 2009, at which time he gave $1,750,000 to each of his 3 children and the extra $1,000,000 to State University (a charity). Annual exclusion in 2009 was $13,000. Currently Jack has been in poor health and would like you to evaluate the estate tax must he die this year. Jack evaluates the taxable estate (after deductions) will be worth $5.4 million at the death.