{"id":36655,"date":"2025-03-12T14:20:06","date_gmt":"2025-03-12T18:20:06","guid":{"rendered":"https:\/\/www.furman.edu\/news\/?p=36655"},"modified":"2025-03-12T14:24:19","modified_gmt":"2025-03-12T18:24:19","slug":"president-davis-comments-on-possible-endowment-tax-in-chronicle-of-higher-ed","status":"publish","type":"post","link":"https:\/\/www.furman.edu\/news\/president-davis-comments-on-possible-endowment-tax-in-chronicle-of-higher-ed\/","title":{"rendered":"President Davis comments on endowment tax in Chronicle of Higher Ed"},"content":{"rendered":"<p>Furman University President Elizabeth Davis commented in a <a href=\"https:\/\/www.chronicle.com\/article\/plans-to-hike-the-college-endowment-tax-are-taking-shape-theyre-not-what-youd-expect\">Chronicle of Higher Education<\/a> article about college-endowment taxes and the Trump administration&#8217;s possible plans to expand them.<\/p>\n<p>The existing law calls for taxing private colleges&#8217; endowments at a rate of 1.4 percent when endowments amount to $500,000 or more per full-time equivalent (FTE) student. Expanding the tax could cost colleges that meet the threshold a lot more money as legislation has been introduced that would tax colleges\u2019 investment income by 35 percent.<\/p>\n<p>Davis said the current tax is one the university could bear, but double-digit, multi-million-dollar rates would conflict with the university&#8217;s values such as retaining small class sizes and offering stipends for internships. The ability to extend enough financial aid to those with modest means would also be impacted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a Chronicle of Higher Education article, Furman&#8217;s Elizabeth Davis explains how an expanded endowment tax could cost the university more than dollars. She says core institutional values are at stake.<\/p>\n","protected":false},"author":257,"featured_media":20218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,1790,6,35,90],"tags":[3299,3300],"class_list":["post-36655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-admission","category-chronicle-of-higher-education","category-in-the-news","category-parent-news","category-president","tag-endowment-tax","tag-the-tax-cuts-and-jobs-act"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts\/36655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/users\/257"}],"replies":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/comments?post=36655"}],"version-history":[{"count":5,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts\/36655\/revisions"}],"predecessor-version":[{"id":36660,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts\/36655\/revisions\/36660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/media\/20218"}],"wp:attachment":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/media?parent=36655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/categories?post=36655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/tags?post=36655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}