Debate Over Taxing Endowments Misses How Similar Public and Private Universities Have Become

Debate Over Taxing Endowments Misses How Similar Public and Private Universities Have Become l Education News

by Derek Johnson, May 24, 2016

  • Much has been made over two Connecticut bills that propose taxing the endowments of private universities within the state as well as their commercial property. Setting aside some important caveats (the endowment bill was limited to colleges with endowments over $10 billion – Yale is the only university in Connecticut which meets this definition), these proposed bills reflect a burgeoning movement across the country urging states to soak their richest private universities of their hefty tax-free endowments.