Sen. Wyden Proposes Eliminating Charitable Deduction for Certain Gifts to Colleges and Universities
In response to the recent college admissions scandal, Senate Finance Committee Ranking Member Ron Wyden (D-OR) announced his intention to introduce legislation that would eliminate the charitable deduction for "donations made to colleges and universities before or during the enrollment of children of the donor's family."
In a statement, CASE voiced opposition to Sen. Wyden's proposal. "Such a drastic proposal is misguided and would be detrimental to institutions that rely on philanthropic support. Charitable investments that fund scholarships and fellowships help increase access for students from underserved communities or those who are without the means to pay for college."
CASE has met with Sen. Wyden's staff and voiced our concern about the proposal. Sen. Wyden has not yet introduced the proposal as legislation.
CASE will continue to provide updates on the Wyden proposal through the CASE Advocacy Network.
This article is from the March 2019 BriefCASE issue.
Please share your questions and comments with Naomi Dillon at ndillon@case.org.