This report presents the case for preservation of tax incentives to giving for higher education. Following introductory material, chapter 2 reviews the nature of the present crisis in financing higher education and the vital importance of voluntary support. Chapter 3 presents arguments in favor of the charitable deduction as an incentive for voluntary support of higher education including a policy justification, efficiency of the tax provisions in generating the voluntary support, and equity of the charitable deduction. Chapter 4 reviews additional arguments in support of the deduction for appreciated gifts and the unlimited estate tax deduction, including the deductibility of the fair market value of appreciated property, and no limitation should be placed on the charitable deduction for estate tax purposes. (MJM)