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Taxing conversations.(BEHIND the NEWS)(Brief article)
- Article from:
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University Business
- Article date:
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June 1, 2008
- Author:
- McClure, Ann
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Copyright informationCOPYRIGHT 2008 Professional Media Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
FIRST CONGRESS STARTED INQUIRING about how endowments at higher ed institutions are managed and about the relationship between those endowments, tuition, and fees. Now the state legislature in Massachusetts has approved a study to investigate applying a 2.5 percent tax to all endowments in the state that are valued at more than $1 billion.
Nine higher ed institutions would be subject to the tax if it came to pass. They are (in order from highest to lowest endowment amount):
* Harvard
* MIT
* Williams College
* Boston College
* Amherst College
* Wellesley ...
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Endowments for UA on rise
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UC system sees unusual decrease in endowments
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February 7, 2002 ;
Helen Hwang;
694 words
......U-WIRE) BERKELEY, Calif. -- College endowments nationwide dropped for the first time...to recent reports. The university's endowments dropped 5.5 percent, despite drawing...second consecutive year. The shrinking endowments, combined with the state's $12.8 billion...
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Are you a winner or a loser in the Great Endowment Lottery? Up and down:...
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July 1, 2007 ;
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New Forum to Educate Foundations and Endowments
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October 30, 2006 ;
Emma Trincal, Senior Financial Correspondent;
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......created to educate small foundations and endowments about hedge funds. The need for such...fiscal year. But not all foundations and endowments are made equal. While the superstar...assets under management. EdgeForum for Endowments and Foundations seeks to address this...
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ENDOWMENTS: The Crimson lead the pack; Harvard University is head and...
Pensions & Investments;
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Williamson, Christine;
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Should huge college endowments pay tax?(USA)
The Christian Science Monitor;
May 19, 2008 ;
Khadaroo, Stacy Teicher;
787 words
......its colleges and universities boasting endowments above $1 billion, Massachusetts is now...first-of-its-kind proposal to tax those large endowments in the Bay State. It has caught the...a 2.5 percent tax on the portion of endowments above $1 billion. There is an exorbitant...
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Congregations See Future in Endowments
The Washington Post;
November 11, 2006 ;
Michael Tomberlin;
202 words
...Endowments have long been a source of income for colleges and charities...than $200 million from about 2,000 church gifts and endowments. Although most church members still view tithing in...Ring, head of PhilanthroCorp in Colorado Springs, said endowments will become a major part of church finance. Ring ...
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Erin Ghere & Amy Olson;
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Poor economy puts endowments at risk
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October 31, 2001 ;
Michelle Blackley;
684 words
......result of losing billions of dollars in endowments in market value last fiscal year and...The decline in college and university endowments was the result of the sector's worst...responsible for much of the damage to endowments last year, a sharp contrast to their...
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Lawmakers target $1b endowments ; Exempt status of schools debated
The Boston Globe;
May 8, 2008 ;
Peter Schworm; Matt Viser;
787 words
......for additional revenue are eyeing the endowments of deep-pocketed private colleges to...percent annual assessment on colleges with endowments over $1 billion, an amount now exceeded...whether elite colleges are hoarding their endowments. Members of Congress, including Senator...
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COMMONFUND LOOK: Big endowments put 29% into alternatives; Domestic equity...
Pensions & Investments;
March 19, 2001 ;
Kennedy, Mike;
725 words
...WILTON, Conn. - The nation's largest endowments have close to one-third of their assets...fixed income combined. And among all endowments, the average allocation to alternative...first study of its kind. In total, 563 endowments representing $190 billion in assets...
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Is education a key to the future, or are futures key to education?...
Insight on the News;
March 3, 1997 ;
Koprowski, Gene;
716 words
...Colleges are investing portions of their endowments in commodities and other risky markets...markets to increase returns on their endowments. Old-fashioned bonds, yielding less...multibillion-dollar portfolios. Smaller schools with endowments under $100 million remain leery, however...
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