Several wealthy endowments currently pay multiple executives more than $1 million a year.

If this proposal passes, it could mean that wealthy donors will want to give to their alma maters in different ways. Money given to the endowment funds will also not go as far as it does now.

An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances, which could include gifting to your favorite university.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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