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Trump spending bill hits Harvard with endowment tax hike The committee passed a measure that created a new structure, imposing a tax of up to 21% on schools like Harvard, whose endowments are greater than $2 million per student
Harvard and Other Ivy League Schools Hit with Endowment Tax Hike in New . . . They increased the tax rate for schools like Harvard, imposing a new tax rate of up to 21% for universities whose endowments exceeded $2 million per student Harvard, with its $50 billion endowment, would clearly be among the universities facing the highest new tax burden
Trumps Tax Law: Harvard and Elite Universities Face Financial Shake-Up Trump’s sweeping tax and spending bill sharply raises the federal excise tax on endowment income for wealthy private institutions For Harvard, this new 8% tax could mean an annual tax bill of over \ (200 million, given its significant endowment size of \)53 billion
Harvard, MIT face steep endowment tax under Trump bill Universities, like all nonprofit organizations, have long enjoyed tax-exempt status A tax on university endowment gains was first introduced in 2017 as part of the tax cut bill Trump championed during his first term
US universities face huge hike in endowment tax under Trump A new tax on endowment earnings is intended to inflict “pain” on elite US universities and may be harder to fight than other policies being pursued by the Trump regime, according to experts
Trump signs law hiking tax on Harvard’s endowment income: Elite . . . A new law, signed by former President Trump, significantly raises the endowment tax for wealthy private universities like Harvard, potentially costing them millions annually This legislation, part of a broader conservative agenda, impacts financial aid, research, and global collaborations
Harvard, Other Ivies With Healthy Endowments Face Hefty New Taxes With . . . Harvard University could pay $200 million a year or more in taxes on its endowment income after passage of President Trump’s signature Big Beautiful Bill, a result critics say could deter donations but supporters call a feature not a bug