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Republican Plan to Tax Elite Colleges Could Hit in Unexpected Places
Republican Plan to Tax Elite Colleges Could Hit in Unexpected Places
A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas college and a Texas medical school might also be hit.
McPherson College in Kansas has a student population of about 800. It might still end up a potential target in a Republican plan aimed primarily at the Ivy League. Christopher Hanewinckel for The New York Times
By Stephanie Saul and Steven Rich
May 20, 2025
Updated 10:58 a.m. ET
McPherson College, in the middle of Kansas wheat country, is a small school that accepts the vast majority of its applicants, many from surrounding towns. It is best known for its degree in classic car restoration.
The college might still end up a potential target in a Republican plan aimed primarily at the Ivy League, which would impose billions in taxes on the investment returns of several dozen private colleges and universities.
The goal of the proposal, laid out in a report last week from Republicans on the House Ways and Means Committee, is to hold accountable “woke, elite universities that operate more like major corporations.” McPherson could be on the list because it has an endowment of $1.6 billion, thanks to an anonymous donation a few years ago.
An analysis by The New York Times shows that at least 58 schools would potentially be subject to the tax, based on the size of their endowments and enrollments. The list includes highly selective and wealthy institutions like Harvard and the Massachusetts Institute of Technology, but also smaller schools like Berry College in Georgia and DePauw University in Indiana.
{snip}
Washington and Lee University in Virginia uses about 45 percent of its endowment for student aid. Eze Amos for The New York Times
Stephanie Saul reports on colleges and universities, with a recent focus on the dramatic changes in college admissions and the debate around diversity, equity and inclusion in higher education.
Steven Rich is a data reporter at The Times, using data analysis to investigate major issues and contextualize current events.
A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas college and a Texas medical school might also be hit.
McPherson College in Kansas has a student population of about 800. It might still end up a potential target in a Republican plan aimed primarily at the Ivy League. Christopher Hanewinckel for The New York Times
By Stephanie Saul and Steven Rich
May 20, 2025
Updated 10:58 a.m. ET
McPherson College, in the middle of Kansas wheat country, is a small school that accepts the vast majority of its applicants, many from surrounding towns. It is best known for its degree in classic car restoration.
The college might still end up a potential target in a Republican plan aimed primarily at the Ivy League, which would impose billions in taxes on the investment returns of several dozen private colleges and universities.
The goal of the proposal, laid out in a report last week from Republicans on the House Ways and Means Committee, is to hold accountable “woke, elite universities that operate more like major corporations.” McPherson could be on the list because it has an endowment of $1.6 billion, thanks to an anonymous donation a few years ago.
An analysis by The New York Times shows that at least 58 schools would potentially be subject to the tax, based on the size of their endowments and enrollments. The list includes highly selective and wealthy institutions like Harvard and the Massachusetts Institute of Technology, but also smaller schools like Berry College in Georgia and DePauw University in Indiana.
{snip}
Washington and Lee University in Virginia uses about 45 percent of its endowment for student aid. Eze Amos for The New York Times
Stephanie Saul reports on colleges and universities, with a recent focus on the dramatic changes in college admissions and the debate around diversity, equity and inclusion in higher education.
Steven Rich is a data reporter at The Times, using data analysis to investigate major issues and contextualize current events.
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