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Colleges and universities should be required to spend 5% of their endowments every year or risk losing their tax-exempt status. Pro or con?
Insights and Commentary from a Trusts and Estates Lawyer and Expert Witness
Check out The Debate Room at BusinessWeek.com
Colleges and universities should be required to spend 5% of their endowments every year or risk losing their tax-exempt status. Pro or con?
Taxing authorities are increasingly challenging the tax-exempt status of nonprofits. More and more nonprofits look like businsses. They charge fees and sell products and services to raise money. As state and local govenrments face declining tax revenues, exempting these institutions from taxation makes less and less sense.
James D. Miller, an Economics professor from Smith…
Thanks to Vickie Lynn Marshall your next will contest may be in federal court. You probably know her as Anna Nicole Smith – the 1993 Playmate of the Year and TV reality show star who married oil billionaire J. Howard Marshall when he was 89 and she was 26 (let me help you with the…