Latest news with #universityendowments
Washington Post
29-05-2025
- Business
- Washington Post
Trump shouldn't be able to tax colleges he doesn't like
Rice University could go from owing the federal government $9 million to $87 million, Princeton from $39 million to $586 million, Harvard from $57 million to a whopping $849 million. In its first four months back in office, the Trump administration has relentlessly attacked prestigious colleges. They have been stripped of billions in federal funding, unfairly accused of antisemitism and repeatedly investigated on legally dubious grounds. Now, congressional Republicans are joining the administration in its latest attack on these colleges: a massive, permanent increase on the tax rate of university endowments. This proposal will hurt not only students and faculty at those schools but the country overall.
Wall Street Journal
27-05-2025
- Business
- Wall Street Journal
Universities Map Out New Investment Strategies to Deal With Tax Hike on Endowments
House Republicans' plan to raise taxes on university endowments could drive the biggest shift to endowments' investment strategies in a generation. The GOP plan is part of the broader Trump bill that passed the House last week and now moves to the Senate for approval. If the bill passes, it would lift the tax on investment income for some of the biggest endowments from 1.4% to 21%, in line with what U.S. corporations pay. Other schools would see their taxes jump by significant amounts as well.
Bloomberg
09-05-2025
- Business
- Bloomberg
GOP Eyes Tax Hike on Endowments in Escalation of Ivy League Feud
House Republicans are considering increasing taxes on university endowments, a significant threat to some of the nation's wealthiest schools as President Donald Trump seeks to tighten control over American higher education. The measure is in a draft of the tax package Republicans are weighing, according to people familiar with the matter who spoke on condition of anonymity to share details on the effort. The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows, the people said.
