Private college endowment wealth has increasingly become ivory tower tax havens

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How The Richest Colleges Get Richer

During his successful quest to win Pennsylvania’s 20 electoral votes, Donald Trump told the state’s voters that colleges are fleecing taxpayers and enriching Wall Street. “What a lot of people don’t know is that universities get massive tax breaks for their massive endowments,” he told a crowd in suburban Philadelphia. “These huge multi-billion dollar endowments are…

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