Chapter
The Secretive World of University Endowments
37:26 - 41:48 (04:22)
Private universities in the US receive endowments and Ivy League schools have about $92,000 invested in each student. The 2017 tax package made it such that there was 1.5% tax on university endowments.
Clips
The 2017 tax package imposed a 1.5% tax on the non-profit university endowments, which were tax-free until then.
37:26 - 40:18 (02:52)
University endowments
Summary
The 2017 tax package imposed a 1.5% tax on the non-profit university endowments, which were tax-free until then. The students at Ivy league schools have an average annual investment of around $92,000.
ChapterThe Secretive World of University Endowments
EpisodeThe Ivy League
PodcastStuff You Should Know
Discussion of recent scandals involving celebrity parents buying their children's admission into elite universities and the difference in education spending between top-tier and second-tier universities in the US.
40:18 - 41:48 (01:29)
Education
Summary
Discussion of recent scandals involving celebrity parents buying their children's admission into elite universities and the difference in education spending between top-tier and second-tier universities in the US.