Hatch: Endowments Will Be Part of Tax Review

Utah Senator Orrin Hatch, the Republican chairman of the Senate Finance committee, said this week that university endowments would be part of a planned review of the tax code.

The tax-exempt status of mega endowments at elite colleges has come under repeated congressional scrutiny since 2015, and Republicans have proposed legislation to force institutions with large endowments to provide more tuition relief to students. In apparent preparation for a renewed push on endowments, several colleges and universities have added endowment issues to their federal agendas in lobbying disclosure forms.