“The S&P 500 Index’s 14 percent return in the period may have helped encourage giving from a variety of donors. Three colleges brought in more than $1 billion each. Seven got single gifts of $100 million or more, the highest number of schools receiving contributions of that magnitude.
The total, up 7.2 percent from the prior year, came amid uncertainty following changes to the U.S. tax code in December 2017, about halfway through the academic term.”
There is no better way to attract attention than controversy. I wonder whether the endowment tax issue may have also encouraged donors to be more generous last year.
Post by Marcelino Pantoja