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People rarely give stuff away for free. Philanthropy often serves as a political tool, and a means to increase one's social status. University donations are no
by manfredo 8y ago
People rarely give stuff away for free. Philanthropy often serves as a political tool, and a means to increase one's social status. University donations are no different. Families are more willing to donate if they believe that it improves the chances of their kids getting admitted to university.
- asdff 8y agoIn most cases philanthropy is for the tax benefit, everything else is just dressing.
- rurp 8y agoIs there some tax benefit beyond the deduction, or do these people not understand how marginal tax brackets work?
- lawnchair_larry 8y agoIt’s a good way to identify who is either not of taxpaying age or has never made a donation before. In either case, probably not someone who has things figured out yet enough to hold strong opinions on what other people do with their money.
- kortilla 8y agoI don’t think you know how deductions work. You can never make money by giving a donation.