Higher Education

Universities (and other big employers) are Cutting Retirement Benefits. Tax Lawyers are Having Fits. What’s Going On?

This week brought a new round of announcements from universities, even very wealthy ones, that they would be cutting faculty and…

Conversions of For-Profit to Nonprofit Colleges Deserve Regulators’ Scrutiny

We trust nonprofits. They heal us, teach us, feed us when we’re hungry. Economists would say that organizations take on the nonprofit form in order to promote trust between donors and the possibly…

Taxing Colleges

And Really Rich High Schools

A small but interesting piece of the new House tax reform proposal would add a new 1.4% tax on excess college endowment. That number matches the new, reduced rate of excise tax on private foundation’s investment earnings. Schools with fewer than…