Juliet Chung

We're looking at a really seismic shift in how universities and their endowments are taxed. Currently there's a group of private colleges and universities that are subject to a 1.4% endowment tax. And now we're looking at a tiered proposal where schools would be subject to 21% taxes or 14% taxes or a 7% tax rate, depending on

We're looking at a really seismic shift in how universities and their endowments are taxed. Currently there's a group of private colleges and universities that are subject to a 1.4% endowment tax. And now we're looking at a tiered proposal where schools would be subject to 21% taxes or 14% taxes or a 7% tax rate, depending on

So, what are schools or their endowments doing in response to this possible tax hike? The reason this proposed tax plan is such a seismic change is because it shifts the perspective of endowment chiefs to go from being effectively a tax-exempt investor. You suddenly need to don this hat of being a taxable investor.

So, what are schools or their endowments doing in response to this possible tax hike? The reason this proposed tax plan is such a seismic change is because it shifts the perspective of endowment chiefs to go from being effectively a tax-exempt investor. You suddenly need to don this hat of being a taxable investor.

The reason this proposed tax plan is such a seismic change is because it shifts the perspective of endowment chiefs to go from being effectively a tax-exempt investor. You suddenly need to don this hat of being a taxable investor.

The reason this proposed tax plan is such a seismic change is because it shifts the perspective of endowment chiefs to go from being effectively a tax-exempt investor. You suddenly need to don this hat of being a taxable investor.

So that really impacts how you think about things like liquidity and realized gains. So on the one hand, they'll need to pay a greater degree of attention to their portfolio's liquidity. Das war Wall Street Journal Reporter Juliet Chung. Juliet, thanks so much. Of course.

So that really impacts how you think about things like liquidity and realized gains. So on the one hand, they'll need to pay a greater degree of attention to their portfolio's liquidity. Das war Wall Street Journal Reporter Juliet Chung. Juliet, thanks so much. Of course.