US EditionRepublican Proposal Would Raise a Maine College’s Taxes by Millions
- House Republicans passed a bill on May 14, 2025, proposing to raise taxes on private college endowments nationwide, including Bowdoin College in Maine.
- The tax hike stems from GOP concerns that elite universities operate like corporations and misuse tax benefits, with rates tiered by endowment size per student.
- Under the bill, schools with endowments over $1.25 million per student, like Bowdoin, would face tax rates of up to 14 percent, potentially costing Bowdoin $20–25 million annually.
- Bowdoin’s senior finance VP Matthew Orlando said the tax would reduce funds for financial aid, payroll, and projects, while Swarthmore’s VP called the bill "devastating" and "untenable."
- If the Senate approves, universities may alter investment strategies to manage the higher tax and face significant budget challenges affecting operations and local economies.
9 Articles
9 Articles
Republican proposal would raise a Maine college’s taxes by millions
A small Maine college could take a big hit in the Trump administration’s broader assault on higher education. If a new Republican-led tax increase on college endowments is passed in the U.S. Senate, Bowdoin College in Brunswick could be forced to pay millions more on its nearly $2.6 billion endowment — a tax hike that college officials say would be “punitive” and cut into its ability to offer financial aid and competitive pay for staff. Bowdoin …
Wealthy Universities Fret Over ‘Big, Beautiful’ Bill’s Endowment Tax Proposal
by Adam Pack at CDN - Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars … Click to read the rest HERE-> Wealthy Universities Fret Over ‘B…
Wealthy Universities Fret over 'Big, Beautiful' Bill's Endowment Tax Proposal - The Virginia Star
by Adam Pack Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars to their annual tax liability. Universities whose massive endowments pro…
Wealthy Universities Fret over ‘Big, Beautiful’ Bill’s Endowment Tax Proposal
by Adam Pack Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars to their annual tax liability. Universities whose massive endowments pro…
Elite Colleges in a Panic as GOP Targets Bloated Endowments and Anti-American Ideology in Big Beautiful Bill
Private universities are panicking over a GOP-backed proposal to raise taxes on their investment profits, which could cost schools like Harvard and Yale hundreds of millions of dollars annually. The move is part of a broader effort by the Trump administration to hold elite institutions accountable for mismanagement and campus extremism. Key Facts: The House-passed bill raises the endowment tax rate on certain private universities from 1.4% to 2…
U.S. universities map out new investment strategies to deal with tax hike on endowments: report
NEW YORK, May 27 (Xinhua) -- U.S. House Republicans' plan to raise taxes on university endowments could drive the biggest shift to endowments' investment strategies in a generation, reported The Wall Street Journal on Tuesday. Read full story
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