Endowment

College endowment tax will cost Bowdoin over $700,000 this year

By Roither Gonzales • 25 days ago

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.

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Endowment

Endowment returns 12.4 percent

By Sarah Drumm • November 3, 2017

The College announced on Friday that the endowment generated an investment return of 12.4 percent for the fiscal year that ended June 30, 2017. The endowment had a market value of $1.46 billion on June 30, up from $1.34 billion at the close of FY 2016.

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