Tax-Code Changes May Slow Giving to U.S. Colleges, Moody's Says
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Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service.
The anticipated slowdown in charitable giving highlights a change to the rating company’s donation forecast. In December, Moody’s predicted philanthropy growth through mid-2019 would mimic the 6 percent increase that colleges and universities saw in 2017.