Make Harvard Congregationalist Again - First Things

Make Harvard Congregationalist Again - First Things

President Trump’s so-called One, Big, Beautiful Bill contains a slew of interesting provisions, one of which concerns the taxing of educational institutions’ endowments. Section 112021 “amends the current excise tax on net investment income framework for certain private colleges and universities under IRC section 4968 with a tiered system based on an institution’s student-adjusted endowment.” Under the proposed tiered system, the current 1.4 per…