University endowment tax receipts drop

Taxes received on endowment income of large private colleges and universities dropped significantly in 2024, the IRS has reported in a recent Statistics of Income release. After rising steadily from $68 million in 2021 to $380 million in 2023, receipts fell to $169 million in 2024. Only 45 institutions reported paying the taxes in 2024, compared to 58 in 2023.

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University endowment tax receipts drop

University endowment tax receipts drop