A new tax on big college and university endowments is sending higher ed a message

September 1, 2019 | The Conversation

The nation’s wealthiest private colleges and universities have a new expense.

Thanks to a provision in the tax reform package that President Donald Trump signed in late 2017, these schools are paying a 1.4% tax on their net investment income. This highly targeted tax only applies to schools with endowments worth at least US$500,000 per tuition-paying student.

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