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Trump spending bill to quadruple the tax on university endowments

CNBC · New
CNBC
CNBC
New

CNBC's Robert Frank reports on news regarding university endowments.

BreakdownGenerated by LeadStory AI
  • A new bill will increase the tax on university endowments, creating three tax brackets. 13s
  • Schools with endowments above $2 million per student will pay an 8% tax. 40s
  • Major universities such as Harvard, Yale, Princeton, MIT, and Stanford are affected by the highest rate. 47s
  • Schools with fewer than 3,000 students are exempt from the higher tax rates. 1m 8s
  • A proposed exemption for religiously affiliated schools was removed, affecting institutions like Notre Dame. 1m 35s
PoliticsEducation