Private School Funding
- Thread starter redmen85
- Start date
The proposed tax regulation only applies to large endowments, those that have I believe the threshold is $100 MM per student - the Harvards,Yales, and Princetons of the world. The tax is also only on the earnings of the endowment, not the principal amount.
Small colleges and high schools unless they are super well endowed will be exempt.
Small colleges and high schools unless they are super well endowed will be exempt.
I read somewhere that it would only affect about 50 schools, so locally Northwestern, U of Chicago and ND would feel it..
Paliakas,
I think you need to check your decimal place on your endowment per student. At $100MM per that would mean Princeton with its roughly 5000 students would need a half a trillion dollar endownment to be subject to tax and NO ONE, not even the Ivy's, MIT etc are close to that yet.
I think you need to check your decimal place on your endowment per student. At $100MM per that would mean Princeton with its roughly 5000 students would need a half a trillion dollar endownment to be subject to tax and NO ONE, not even the Ivy's, MIT etc are close to that yet.
I was waitIng for someone to comment on that. Well played sir! Good luck tomorrow as well!!
Which High Schools have the biggest endowment? Heard That Iggy has more money in the bank that any Catholic school. But how does that compare to the schools in affluent suburbs. During budget battles in Springfield there were some reports that some Illinois School Districts have tremendous cash reserves.
Harvard has 34.5 billion in the bank. Yale 25 and U of Texas 24. Northwestern 9.6, U of C. 7 and U of I 2.2. Maine South?
The Big "Winner" is likely Mother Mac. The SoM were Real Estate Moguls for decades. Bigger than Rubloff.