ERIC Number: ED086121
Record Type: RIE
Publication Date: 1973-Nov
Reference Count: 0
Voluntarism, Tax Reform, and Higher Education.
Council for Financial Aid to Education, New York, NY.
Voluntary initiative and voluntary support have been of fundamental importance in the establishment and development of the system of higher education in the U.S. Much of the superior quality of higher education is due to its diversity and its freedom from outside control. Voluntary financial support is one of the vital factors responsible for the independence of educational institutions, public and private alike. Voluntarism is now being challenged through the consideration of several proposals for changing the present tax treatment of private philanthropy. Those who advocate such changes do so in part on grounds of political philosophy and in part on grounds of equity. Some argue that the contributions' deduction encourages taxpayers to spend money that rightfully belongs to the public treasury, and others hold that the benefits of the deduction favor the wealthy vis-a-vis all other taxpayers. Voluntarism should be encouraged. Philanthropy has served as an effective instrument of public policy in channeling private funds to education and has helped to preserve the pluralistic society that is so greatly valued in the U.S. It is imperative that voluntary support should continue to be encouraged by public policy, and that the provisions of the tax incentives should be maintained and strengthened. (Author/PG)
Descriptors: Educational Economics, Educational Finance, Financial Support, Higher Education, Private Financial Support, School Support
Council for Financial Aid to Education, 680 Fifth Avenue, New York, New York 10019 ($2.00)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Council for Financial Aid to Education, New York, NY.