Endowment tax
From Wikipedia, the free encyclopedia
Endowment tax is the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowments can be up to several billion dollars at some universities, some charitable foundations, and some medical foundations.
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (May 2019) |