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Taxing conversations.(BEHIND the NEWS)(Brief article)

[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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