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Research Report
May 22, 2018

College and University Endowments

In the Public Interest?

The fact that a handful of colleges and universities control billions of dollars in endowment funds has captured the attention of Congress and the public. Is it in the public interest for these institutions to continue to receive the full exemption from income taxation for the donations to and income from endowments?[1] The passage of the recent federal tax bill, the Tax Cuts and Jobs Act, which imposes an excise tax of 1.4 percent on the net investment…
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