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Monday, May 12, 2025

Harvard, Yale Face Major Increase to Endowment Tax in House Plan

 


Republican lawmakers proposed to significantly increase taxes on the richest US universities, broadening a fight between the Trump administration and elite higher education.

Private colleges and universities with at least 500 students and endowments exceeding $2 million per student would pay a rate of 21% on net investment income under a bill released Monday as part of the House’s plan to extend the 2017 tax cuts. That’s up from the current tax of 1.4%.

https://www.bloomberg.com/news/articles/2025-05-12/harvard-yale-face-major-increase-to-endowment-tax-in-house-plan

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