Re:FBI accuses wealthy parents in college-entrance bribery s...
by mcguire on Tuesday March 12, 2019 @01:02PM
(#19370367)
Technically, they are public charities.
https://www.aau.edu/sites/default/files/AAU%20Files/Key%20Is...
Re:FBI accuses wealthy parents in college-entrance bribery s...
by gowld on Tuesday March 12, 2019 @04:58PM
(#19372950)
Your link does not support your claim:
"charitable, scientific, testing for public safety, literary, or educational"
Obviously a university is scientific and literary, and a college is educational.
Re:FBI accuses wealthy parents in college-entrance bribery s...
by dragonwriter on Tuesday March 12, 2019 @01:04PM
(#19370390)
> They're private clubs, not public charities.
Actually, they are publicly subsidized (by tax deductibility of donations made to them) because they are private charities.
One of the reasons people want to go to these schools is because they have lots of resources. If you ban wealthy parents and alumni from donating, the school wont be outstanding, so the University has good reason to accept these.