Wyden Bill Would Curb Deduction for Gifts to Certain Colleges and Universities
In response to the U.S. college admissions bribery scandal, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the College Admissions Fairness Act (S.1732). If enacted, S. 1732 would limit the charitable deduction for certain donors to colleges and universities who do not have a written policy prohibiting consideration of philanthropic donations as a factor in the admissions process.
In a statement, President and CEO Sue Cunningham voiced CASE’s concerns about the bill. “We strongly disagree with Sen. Wyden’s assertion that giving to colleges and universities is transactional – that donors make significant gifts for access and in exchange for their children to be admitted into an institution. We know from our members that donors are motivated to support institutions they care deeply about.”
For additional information and updates on the Wyden proposal, visit the CASE Advocacy Network.