As we seek to debunk the many myths about endowments, advancement professionals can leverage data and storytelling to connect the dots between gifts and beneficiaries.

Republicans and Democrats at both the federal and state levels have proposed taxing endowments or mandating how endowed funds are spent. One such proposal has actually become law.

Rep. Tom Reed (R-NY) introduced the REDUCE Act, a bill would create a mandatory spending requirement for certain private college and university endowments.

Treasury Releases Proposed Regulations on Endowment Excise Tax 

Rep. Delaney, D-Md., and Rep.Byrne, R-Ala., recently introduced the Don't Tax Higher Education Act (H.R. 5220), legislation that would repeal the 1.4 percent excise tax on the net investment income of certain private colleges and universities included in the new tax law.

The IRS) recently announced that private colleges and universities subject to the new endowment excise tax can use the stepped-up basis for computing net investment income.

Read the latest updates in Federal News of Note.

Read the latest updates in Federal News of Note.

Read the latest updates in Federal News of Note.

On Dec. 15, the House-Senate Conference Committee released the text of the final, negotiated version of the Tax Cuts and Jobs Act. Here is a summary of the final bill's provisions that affect educational advancement.