When a "charitable" donation is made in exchange for significant benefits to a family member (a university degree at a top university), then I entirely agree that this should involve losing tax-free benefits. This is the problem with many nonprofits, exchanging large amounts of money with tax benefits for goods and services of great value.
Things like university endowments that give preferential admissions should be subject to at least some tax.
Universities and academia as a whole are far too focused on being machines for acquiring donations and other funding. Not that they don't need a lot of money, but things need to change so that acquiring it is not nearly such a focus.
Things like university endowments that give preferential admissions should be subject to at least some tax.
Universities and academia as a whole are far too focused on being machines for acquiring donations and other funding. Not that they don't need a lot of money, but things need to change so that acquiring it is not nearly such a focus.