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Potential increase in endowment tax has private universities on alert

Summary by Spectrum Local News
Educators at North Carolina's Davidson College say a tax hike on endowments could affect student aid.

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Potential increase in endowment tax has private universities on alert

Educators at North Carolina's Davidson College say a tax hike on endowments could affect student aid.

·United States
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American CompassAmerican Compass
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Expand the University Endowment Tax - American Compass

Estimated Revenue:$99.4 billion 2025–2034. This assumes expanding the endowment tax to cover universities with endowments greater than $250,000 per student, increasing the tax rate to 21%, and an endowment growth rate of 7.75%. Summary The Internal Revenue Code exempts specified nonprofit organizations from paying federal income tax. The government confers this preferential tax treatment to support organizations that advance the public good. The…

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  • 50% of the sources are Center, 50% of the sources lean Right
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American Compass broke the news in on Tuesday, February 11, 2025.
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Taxes

Taxes

Davidson, North Carolina

Davidson, North Carolina

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