Tax reform and individual giving to higher education

Auten, Gerald; Rudney, Gabriel

doi:10.1016/0272-7757(86)90009-9

Cited by 7 publications

(3 citation statements)

References 1 publication

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“…Second, donations may be alternative sources of funding for public goods (Auten & Rudney, 1986). Bracewell-Milnes (1989) argues that unconstrained, genuine donations are not wealth redistribution, but create wealth: the value as a gift to a donor exceeds the value of the asset kept by himself/herself.…”

Section: Economic Exchange Through Donationmentioning

confidence: 99%

What Determines Alumni Generosity? Evidence for the UK

Belfield¹,

Beney²

2000

Education Economics

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This paper examines the scale and determinants of alumni giving, using datasets from two public-sector, doctoral-granting universities in the UK. The importance of alumni generosity-both as revenue and as a performance measure-is considered, comparing new UK evidence with extant findings on US donor behaviour. Evidence is presented on systematic differences in alumni generosity, based on personal characteristics, solicitation efficiency, and the characteristics and quality of the Higher Education received by graduates. Distinguishing the propensity to give from the scale of giving, there are evident differences by gender, income, by type of campaign and by subject studied.

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Section: Economic Exchange Through Donationmentioning

confidence: 99%

What Determines Alumni Generosity? Evidence for the UK

Belfield¹,

Beney²

2000

Education Economics

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“…Therefore, donations are treated as tax-deductible contributions, and this provides incentives for individuals and companies to give to colleges. When the government has considered changing these rules, colleges have worried greatly about the possible loss of funds as discussed by Auten and Rudney (1986) and Dye (1986).…”

Section: Indirect Subsidies To Students In Higher Educationmentioning

confidence: 99%

The Contributions of Economics to the Study of College Access and Success

Long¹

2007

Teachers College Record

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Background/Context The essay provides a comprehensive review of work by economists and others in related quantitative disciplines on the transition of students to college. A particular emphasis is given to the role of price and financial aid although issues related to college preparation, access, and persistence are also investigated. The final section discusses ongoing debates within economics about college access and success and suggests directions for future research. Purpose While other papers review parts of this literature, given the breadth and depth of the work on the transition to college, none gives a full picture of the contribution of economics to this area of understanding. Research Design A main goal of the economics literature has been to establish a causal relationship rather than one based on the correlation of trends or patterns. In pursuit of causality, economists rely on complex estimation techniques usually involving large samples of quantitative data and often utilize “natural experiments” to establish the impact of a factor or policy. Unfortunately, the data requirements for such work, along with the concerns about biases, often limits the kinds of questions that can be confidently answered. The primary framework in economics of education is the human capital model. When deciding whether to continue their education, individuals compare the benefits of human capital to the costs of obtaining it. Numerous articles highlight important factors in these decisions, including both monetary and non-monetary considerations as well as uncertainty and risk aversion. Conclusions/Recommendations While great progress has been made by economists to understand issues related to college access and success, the article makes suggestions about possible future research. More work is needed to understand the role of primary and secondary schools in college attendance, why there are differences in academic course-taking and performance, and the role of expectations and information in college access. Although economists have greatly contributed to the understanding of the role of costs and benefits in college demand, additional work is needed to clarify the role of parents, teachers, peers, and neighborhoods in college decisions. Additional research is also needed to resolve the current debate about the relative role of resources in comparison to long-term family circumstances and academic preparation. Finally, more information is also need about what factors affect college success.

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“…In anticipation of the changes brought about by TRA '86, real charitable giving in 1986 by taxpayers with adjusted gross incomes (AGIs) in excess of $100,000 rose 150 percent as taxpayers accelerated their giving to take advantage of the last year of prereform rates (IRS, 1985(IRS, , 1986. This was followed by substantial declines in donations of property to nonprofit hospitals and medical centers (Greene, 1990), donations to art museums (Clotfelter, 1990), and donations to higher education (Auten and Rudney, 1986a). An explanation for these declines is that the TRA '86 made the appreciation component of property donations subject to the alternative minimum tax.…”

Section: Prior Studiesmentioning

confidence: 99%

Reassessing the Tax-Favored Status of the Charitable Deduction for Gifts of Appreciated Assets

O'Neil¹,

Steinberg²,

Thompson³

1996

National Tax Journal

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This paper analyzes the taxfavored status of charitable donations of appreciated assets using data from the 1985 Statistics of Income individual tax file. The efficiency of favored tax treatment of charitable donations is analyzed by estimating separate price elasticities for total, cash, and property contributions. The results indicate that wealthy donors (those whose positive income exceeds $200,000) are responsive to the tax-favored status of charitable donations of appreciated property, while taxpayers who are not considered wealthy are price inelastic. These findings indicate that the tax-favored status of property donations made by other than wealthy taxpayers should be reassessed.

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Tax reform and individual giving to higher education

Cited by 7 publications

References 1 publication

What Determines Alumni Generosity? Evidence for the UK

What Determines Alumni Generosity? Evidence for the UK

The Contributions of Economics to the Study of College Access and Success

Reassessing the Tax-Favored Status of the Charitable Deduction for Gifts of Appreciated Assets

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