Deduction cap proposal alarms charities _ especially colleges, who rely more on wealthy donors | Fox News: Colgate cast a wide net. But like most big fundraising campaigns, particularly in higher education, the lion's share came from wealthy benefactors rewarded in return with a combination of altruistic satisfaction, naming rights — and a big tax deduction.
Now that tax deduction may be in jeopardy, and some in higher education are worried.
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