April 1, 2009
More Colleges Consider Adding 'Gift Tax' to New Donations
A growing number of colleges are considering fees on new donations, in an effort to make up for a decline in the revenue that helps pay for fund-raising operations.
Gift fees, or a "gift tax," as they are sometimes called, are not a new idea, but institutional discussions about them are becoming more common because of the worsening economic situation, administrators and fund-raising consultants say. They predict that more colleges will choose to deduct gift fees from new
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Off Beat
-
The Chronicle Review
-
Administration
