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What do universities owe their big donors? Less than you might think, explain 2 nonprofit law experts

  • Written by Ellen P. Aprill, Professor of Tax Law Emerita, Loyola Law School Los Angeles
What do universities owe their big donors? Less than you might think, explain 2 nonprofit law expertsBillionaire investor and Harvard alum Bill Ackman has voiced his objections to the school's current president.AP Photo/Andrew Harnik

Exchanging gifts with family and friends can become fraught with contradictory emotions. Instead of gratitude, the recipients of expensive gifts may wind up feeling indebted to the givers. And the givers can have...

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