
Endowment
College endowment tax will cost Bowdoin over $700,000 this year
The 2018-19 fiscal year marks the first time that colleges will be subject to a tax on endowment returns as a result of a provision in the 2017 Tax Cuts and Jobs Act. This provision applies a 1.4 percent excise tax on the net investment income of college endowments greater than $500,000 per student.