[Yale] has lobbied against the [new] 1.4 percent excise tax on annual endowment returns, which targets 35 universities — including Yale — with assets greater than $500,000 per full-time student. According to a budget update published earlier this month, projected spending from the University’s endowment will grow by 6.3 percent next fiscal year, despite adjustment to the new tax.

Don’t worry, Yalies! We’ll labor night and day to keep the government’s stinking hands off that 1.4 percent!

Trackback URL for this post:

Comment on this Entry

Latest UD posts at IHE