GOP proposed endowment tax may de-incentivize donors, hurt Lafayette’s annual fund - Claire Grunewald, the Lafayette

The United States House of Representatives has released the proposed “Tax Cuts and Jobs Act,” which would require private universities with assets of more than $100,000 per student to pay a 1.4 percent excise tax on their net investment income, Business Insider reported. Lafayette’s current endowment is $810 million, and enrollment is around 2500 students. This breaks down to about $319,000 per student. In comparison, Lehigh University’s endowment is about $1.3 billion which breaks down to about $170,000 per student. The proposed endowment tax could directly affect both the operational budget of Lafayette College and its fundraising efforts, Vice President of Finance Roger Demareski said. https://www.lafayettestudentnews.com/blog/2017/11/17/gop-proposed-endowment-tax-may-hurt-lafayettes-annual-fund-if-passed/