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Taking a Closer Look at College and University Endowments: New Report

A new report from Sandy Baum, Cappy Hill, and myself, out today, provides an overview of college and university endowments. We seek to inform the public policy debate by exploring how endowments are structured and used, and discussing the extent to which the favorable tax policy for higher education institutions serves the public interest. We find that the distribution of endowment assets is highly skewed across institutions. The median endowment…

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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 …


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Endowment Tax Provision: Counting Students Is No Easy Feat

After the House of Representatives and Senate passed two versions of a GOP bill to overhaul the tax code, a conference committee released a near-final version last Friday that was passed by the House on Tuesday. The Senate then passed a bill with slight tweaks on Wednesday, necessitating a House re-vote. The House is expected to pass the bill midday Wednesday and the President is expected to sign within the…

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