US EditionRepublican Proposal Would Raise a Maine College’s Taxes by Millions
- House Republicans passed a bill on May 14, 2025, proposing to raise taxes on private university endowments across the United States, including Bowdoin College in Maine.
- The bill aims to increase tax rates tiered by endowment size, from 1.4% up to 21%, targeting institutions with high endowment assets per student, amid partisan debates over university accountability.
- Bowdoin College, with a $2.6 billion endowment, could face a 14% tax rate, risking millions in new taxes that officials say might reduce financial aid and delay projects in their Brunswick community.
- Rep. Jason Smith described the bill as holding "woke universities accountable," while critics warn the tax could severely damage university budgets and reduce incentives for donations.
- If enacted by the Senate, the tax hike suggests increased fiscal pressure on universities nationally, potentially affecting operations, aid, and independence amid ongoing political disputes over higher education funding.
10 Articles
10 Articles
Republican proposal would raise a Maine college’s taxes by millions
A small Maine college could take a big hit in the Trump administration’s broader assault on higher education. If a new Republican-led tax increase on college endowments is passed in the U.S. Senate, Bowdoin College in Brunswick could be forced to pay millions more on its nearly $2.6 billion endowment — a tax hike that college officials say would be “punitive” and cut into its ability to offer financial aid and competitive pay for staff. Bowdoin …
Wealthy Universities Fret Over ‘Big, Beautiful’ Bill’s Endowment Tax Proposal
by Adam Pack at CDN - Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars … Click to read the rest HERE-> Wealthy Universities Fret Over ‘B…
Wealthy Universities Fret over 'Big, Beautiful' Bill's Endowment Tax Proposal - The Virginia Star
by Adam Pack Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars to their annual tax liability. Universities whose massive endowments pro…
Wealthy Universities Fret over ‘Big, Beautiful’ Bill’s Endowment Tax Proposal
by Adam Pack Private universities with large endowments are fretting over a provision in the House-passed “big, beautiful” bill that would significantly raise the tax rate on their annual investment income. House Republicans’ proposal would raise the tax rate on certain universities’ endowment profits from 1.4% to 21%, a move that could add hundreds of millions of dollars to their annual tax liability. Universities whose massive endowments pro…
Elite Colleges in a Panic as GOP Targets Bloated Endowments and Anti-American Ideology in Big Beautiful Bill
Private universities are panicking over a GOP-backed proposal to raise taxes on their investment profits, which could cost schools like Harvard and Yale hundreds of millions of dollars annually. The move is part of a broader effort by the Trump administration to hold elite institutions accountable for mismanagement and campus extremism. Key Facts: The House-passed bill raises the endowment tax rate on certain private universities from 1.4% to 2…
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