To borrow a phrase I learned in property law class: Is donating money to a law or business school really the "highest and best" use of one's charitable contributions? And, more generally, are income tax deductions for such donations leading to some perverse results, like subsidizing "endowment races"?Really, the subtext of this questions is why is it that very wealthy people donate at all? Is it self-serving, afterall?
Saturday, November 25, 2006
I've Been Wondering This For A Long While
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I read recently in an article regarding charitable contributions that people with incomes of around $25,000 donate an average of 4% of their income to charity - more than any other income level in the nation. Hmmmm.
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