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Latest news articals containing "endowments" keywords

Editorial: Wrong To Tax University Endowments To Fix Budget Crisis (CBS News) The Massachusetts House of Representatives recently stopped an amendment from passing that would have allowed the state to tax universities with endowments larger than $1 billion. These harmful byproducts could have included the discouragement against donations to the University and the disincentive for universities to make charitable contributions.
12:18 AM 05/09/2008

Mass. State Considers Taking 2.5% Of University Endowments (The Tech) By Peter Schworm and Matt Viser THE BOSTON GLOBE Massachusetts lawmakers desperate for additional revenue are eyeing the endowments of deep-pocketed private colleges to bolster the state’s coffers by more than $1 billion a year, asserting that the schools’ rising fortunes undercut their nonprofit status.
08:22 AM 05/09/2008

Lawmakers target $1b endowments (Boston Globe) Massachusetts lawmakers desperate for additional revenue are eyeing the endowments of deep-pocketed private colleges to bolster the state's coffers by more than $1 billion a year, asserting that the schools' rising fortunes undercut their nonprofit status.
09:05 AM 05/08/2008

Legislators looking at taxing endowments over $1M (North Adams Transcript) WILLIAMSTOWN -- Williams College might see the state shave a yearly slice from its $2 billion endowment fund if a plan some legislators are supporting passes into law, but administrators are arguing the law would be unconstiutional.
04:56 PM 05/09/2008

NEWS: Library creates endowments (The Dartmouth) A contribution from the Manton Foundation will lead to the formation of a $3 million endowment for Dartmouth's Digital Library program and a $1 million endowment for maintenance of the Orozco murals in Baker-Berry Library. The foundation is a frequent supporter of museums and art.
10:04 AM 05/09/2008

College Endowment Tax Is Studied (WallStreet Journal via Yahoo! Finance) Massachusetts legislators are studying a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion.
03:29 AM 05/09/2008

Mass. Lawmakers Consider Taxing Big Universities (Chronicle of Philanthropy) In Massachusetts, legislators are considering taxing higher-education institutions with endowments over $1-billion, arguing that the universities don’t do enough for their surrounding neighborhoods considering their vast wealth, reports The Boston Globe.
05:42 PM 05/08/2008

Endowments geared for downturn (Philanthropy Journal) With a recession looming, officials at charitable endowments say they are prepared with diversified investment strategies that focus on long-term returns but can respond quickly to market changes.
03:02 PM 05/05/2008

Blue Skies Ahead (The Harvard Crimson) Harvard students may be used to getting A’s in their classes, but we fell just short of perfect on another type of report card: A recent release by the Sustainable Endowments Institute gave Harvard an A- on its second annual College Sustainability Report Card, which measures the environmental sustainability of the 200 colleges with the largest endowments.
05:01 AM 05/08/2008

Parkland receives $500,000 anonymous gift (Dallas Business Journal) Parkland Foundation has received a $500,000 gift from an anonymous donor.
08:37 PM 05/09/2008