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Colleges fear caps on deductions hit donations and tuition
Colgate University and other colleges rely on large private gifts from wealthy donors as part of major fund raising campaigns. Analysts warn that capping charitable deductions could shrink giving, forcing colleges to raise tuition. Steven Bloom of the American Council on Education says lawmakers risk unintended consequences if they act hastily before year end.
MENTIONED IN THIS ARTICLE
Colgate University
Upstate New York
Robert H.N. Ho
Trudy
Case Library
Geyer Center
Colgate
Steven Bloom
American Council On Education
White House
Hamilton
N.Y