• disguy_ovahea@lemmy.world
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    1 day ago

    What’s the point of sitting on a $53B endowment if you’re not going to use it? Losing $9B in contracts to fight fascism is worth every penny.

    • j0ester@lemmy.world
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      1 day ago

      Donald Trump proposed taxing large private university endowments as part of his 2024 election campaign.

      This tax aims to fund the creation of the “American Academy,” a new institution designed to provide free, high-quality educational content. The tax would target excessively large endowments, collecting billions of dollars to support this initiative

      This proposal is part of a broader effort to reshape higher education and address political controversies within universities. The tax on endowment investment income could significantly impact universities with large endowments.