Chuck Collins, a senior scholar at the Institute for Policy Studies, a Washington think tank, said it was time for a public debate on such gifts.
“We treat all these donations the same from a tax point of view,” said Collins, co-author of a November report on the concentration of wealth at colleges, "whether you are feeding a hungry child in Baltimore or adding a state-of-the art video editing suite at your kids’ private elite school.’’
This article was provided by Bloomberg News.