It's Time for Universities to Open Their Wallets

San Gabriel Valley Tribune › January 14, 2008

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Summary

By law, most private foundations must give away 5 percent of their earnings each year. Why not universities? They pay no taxes on the earnings of their endowments. Plus, donors to those endowments receive tax breaks.

We admit that the issue sounds awfully legalistic. But it's not just one for lawyers to chat about at the alumni center.

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Extract

It's Time for Universities to Open Their Wallets

Across the nation, headlines are screaming about the middle class being unable to afford college tuition. The price...

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