Should University Donations Trigger Tax Breaks for the Wealthy?
Universities big and small receive donations from many different sources, including wealthy alumni. However, not all donations are created equal and because the wealthy donors get a huge tax break for their significant donations, some wonder if that is really fair.
For example, Nike co-founder, Phil Knight, recently donated $400 million to Stanford, where he attended business school. That donation will give Knight a $158 million tax break. Some find that in of itself unfair, but others question why some schools, which already have deep pockets anyway, get such large sums of money without being taxed for it? Plus, the majority of the donations are given to these top schools, while other less prestigious universities are often left scrambling for much-needed resources.
However, on the flip side, many donors would argue that they make these donations for true philanthropic purposes and not for the added benefit of a large tax break. Some counter-argue that all the donation money could be used for better purposes. However, there’s no question that the nation’s top universities help the country in many industries, as well as give the economy a boost in many forms as well, including training thousands of the brightest minds.
Of course, it’s an argument that has no easy answer, but probably one that won’t get much traction, because wealthy alumni have always been able to donate their money to the universities or causes they choose. That is not likely to change any time soon.
Brian King – The Market for Alternative Investments
Brian King – Alternative Investments Unlocking liquidity in illiquid assets: How Brian King’s LODAS Markets is revolutionizing alternative investments. Introduction What if you could turn traditionally illiquid assets into liquid ones, opening up a world of new investment opportunities? Brian King, a seasoned veteran of the stock exchange industry, is making this a reality. Through…
How Becca Switzer is Transforming the Roofing Sales Industry
This week on American Dreams: Becca Switzer, the visionary behind Roof Sales Mastery, is redefining success in the roofing sales industry. With a unique blend of education, authenticity, and proven strategies, Becca has empowered countless sales reps to thrive in a competitive market. Her innovative training programs provide a step-by-step roadmap for mastering roofing sales,…
Jason Borbay on Building an Incredible Art Market Outside the Traditional Path
Jason Borbay’s Unique Journey as a Self-Represented Artist In the world of fine arts, where galleries and agents traditionally play pivotal roles, independent artist Jason Borbay has forged his own path, challenging the conventional norms. Based in Victor, Idaho, Jason has developed a unique business model outside the traditional art infrastructure, building his career as…
3 Keys to Being a Great Girl Dad
Madeline Anderson on how to build strong father-daughter relationships: the story behind “Girl Dad”. Madeline Anderson, Author and Founder of The Girl Dad Network discusses the four stages to the art of successful multi-generational living on Alan Olsen‘s American Dreams Show. A Realization and a Mission Growing up in Huntington Beach, California, Madeline Anderson enjoyed what she…