Friday, October 16, 2015

House Republicans criticize higher ed's largest endowments - Tara García Mathewson, Education Dive

During a Ways and Means Oversight Subcommittee hearing Wednesday, House Republicans suggested cutting tax benefits for nonprofit colleges and adding new regulation that would force institutions to spend certain portions of their endowment returns. Inside Higher Ed reports that proposals included limited charitable tax benefits, adding an excise tax on executive compensation higher than $1 million, and changing tax benefits for charitable contributions to encourage unrestricted gifts. Rep. Tom Reed (R-NY) suggested requiring universities with endowments larger than $1 billion to spend 10% of earnings on reducing student tuition costs.

No comments:

Post a Comment