The new tax code is expected to discourage donations in general.
City voters on Tuesday adopted the Mayor's new financing rules, which are aimed at discouraging corporate donations to candidates for city office.
"I hope the current political climate will not discourage private donations, but instead spur people to show that they have compassion, even if the government does not."
Dr. Cole worries that the windfall might discourage further donations and prevent the college from achieving its ambitious long-range goals.
Some advisers to donors said that the ruling could discourage donations, or at least prompt donors to structure their gifts more carefully.
Does having a rigid gift acceptance policy discourage donations that might be perfectly acceptable?
The city's rules were intended to encourage candidates to abide by the same spending limits and to discourage large donations from special interests.
The regulations as proposed also omit an earlier recommendation that discouraged donations by people older than 55.
"We certainly don't want to discourage donations," he said.
This discouraged donations and strained the orphanage financially.