Some worry new tax law will reduce college donations

[caption id="attachment_52960" align="alignleft" width="150"] The limits on deductions are part of the new tax law Congress passed on New Year's Day.[/caption]

Charities and nonprofit organizations are worried that new limits on tax deductions for high earners this year will hurt donations—including alumni giving—just as charitable giving is starting to rebound from the depths of the recession.

Experts doubt the new limits on deductions will
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