Proposed endowment tax would hit Stanford hard – Palo Alto Daily Post

Proposed endowment tax would hit Stanford hard – Palo Alto Daily Post

Stanford would get hit with an estimated $231 million tax increase if the Trump tax bill becomes law — reducing the money available to pay employees and provide financial aid to students. House Republicans passed a bill on May 22 that would raise taxes on the funds generated by the largest university endowments from 1.4% to 21%. The bill is now being considered by the Senate. The tax would apply to gains on Stanford’s $37.6 billion fund that pay…

Proposed tax hike on endowment returns could cost Dartmouth $89 million annually

Last week, President Donald Trump's major domestic policy bill, the "One Big Beautiful Bill Act," was passed by the U.S. House of Representatives. The bill includes a proposed hike to the federal tax on university endowments to a 14% tax rate - up from 1.4% - on Dartmouth's endowment returns, according to The New York Times. While returns on the endowment depend on the performance of Dartmouth's holdings and the economy in any given year, Welles…