Starting next January, some 35 very wealthy private colleges and universities will start paying an annual 1.4 percent college endowment tax under the new tax reform law. That’s very few of the nation’s institutions of higher learning, and the tax will not apply to assets that directly contribute to an educational purpose. When you hear […]
Read More
Republicans inserted many provisions in their House and Senate tax reform bills that have inflamed the higher education establishment, including a proposed excise tax on endowments exceeding $250,000 per student at private schools. Although only about 70 schools are affected that collectively enroll under 10 percent of the students attending four-year American universities, from some […]
Read More
One of the pillars of our education establishment, The Education Trust, recently published a report meant to pressure colleges and universities with large endowments into spending more of their earnings on one of its pet causes – very low or even free tuition for students from poorer families. The study, “A Glimpse Inside the Coffers: […]
Read More