Connecticut Lawmakers Want to Dip Into Yale's $25.6 Billion Endowment Income, and They've Drafted a Special Bill to do it

Connecticut Lawmakers Want to Dip Into Yale's $25.6 Billion Endowment Income, and They've Drafted a Special Bill to do it l Business Insider

By: Abby Jackson, March 23, 2016

  • The Connecticut Legislature is proposing a bill that would tax income from Yale's $25.6 billion endowment, Bloomberg reported. The legislation, introduced in March, specifically targets schools in Connecticut with endowments of $10 billion or more. Yale is the only such school in the state with an endowment of more than $10 billion.