Janet Lorin
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Higher ed finance reporter at Bloomberg @business -- student loans, admissions, endowments and more. contributor @BW @BloombergRadio. George Polk Award winner
Janet Lorin’s Journalist Portfolio
View as a gridCollege Football Teams Mount Blitz to Lock In Donors' Tax Breaks
Bloomberg News
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Colleges are rushing to help wealthy donors lock in a federal tax break, which subsidizes the sales of college sports tickets and costs taxpayers $200 million a year. As part of the tax overhaul, lawmakers scrapped a provision that enables alumni and other boosters to consider much of the cost of buying season tickets -- and even $60,000-a-year luxury boxes -- as tax-deductible charitable contributions.