Study finds Trump-era tax cuts contributed to steep decline in charitable giving for higher education
By Jin Lee, Associate Professor of Educational Foundations and Leadership, University of Louisiana at Lafayette Policy changes brought on by the Tax Cuts and Jobs Act, which former President Donald Trump signed into law at the end of 2017, appear to have led many small-dollar donors to give less money to colleges and universities, or to stop giving altogether. Individual donations, whether from graduates or people who didn’t attend those colleges and universities, declined by 4% from US$44.3 billion in the 2017-2018 academic year to $42.6 billion two years later. That’s what my colleague, Sungsil Lee, and I found...
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