home

New Cases and Developments

NACUA's Legal Resources staff summarizes current higher education cases and developments and provides the full text of selected cases to members. New cases and developments are archived here for up to 12 months.  Cases provided by Fastcase, Inc.

Selected Topics: Tax Endowments & Gifts
Dates
New Search
Unrelated Business Income; Tax-exempt Funding; Endowments & Gifts; Tax; Authorizations & Regulations

NACUBO Summary on Key Provisions in the Senate and House Tax Bills (Jan. 5, 2018)

Summary by the National Association of College and University Business Officers (NACUBO) analyzing provisions impacting higher education in the House version and Senate version of The Tax Cuts and Jobs Act (Tax Reform Bill). Such provisions include education incentives, the endowment excise tax, charitable giving, other exempt organizations provisions/UBIT, bond reforms, the deductibility of state and local taxes, and the Johnson Amendment. Text appearing in red compares changes in the Senate version to the House version, while highlighted portions show final changes to the Tax Reform Bill by the conference agreement. 

1/5/2018
read
Endowments & Gifts; Tax; Government Relations; Authorizations & Regulations

Letter from Bipartisan Group of Lawmakers Urging Congress to Oppose a Proposed Tax on Private College and University Endowments (Dec. 13, 2017)

Letter from a group of nearly thirty bipartisan lawmakers expressing strong opposition to a provision under consideration by Congress to tax private college and university endowments. In their view, the proposal wrongly equates colleges and universities to private foundations, opens a pathway for future increase and expansion of the endowment tax to public colleges and universities, and jeopardizes need-based financial aid for college students, while generating less than two-tenths of one percent of the revenue needed for the tax bill. The letter closes by urging Congress to remove the tax on private college and university endowments, or alternatively, to provide these institutions with a credit for the financial aid they grant. 

12/15/2017
read
Endowments & Gifts

Letter to 56 Colleges and Universities Regarding Use of Endowment Assets (Feb. 8, 2016)

Letter from Senators Orrin Hatch, Kevin Brady, and Peter Roskam to 56 private colleges and universities, seeking information on how colleges and universities use endowment assets to advance their charitable and educational missions.
2/16/2016
read