Organization Trends

71% Favor Taxing Endowment Income of Wealthy Universities and Foundations

Scott Rasmussen national survey finds substantial support for ending tax exemption for wealthy institutions with nonprofit status.


Seventy-one percent (71%) of voters believe elite universities and nonprofit foundations should pay taxes on their endowment income, according to a Scott Rasmussen national survey of 1,500 registered voters released yesterday. The survey found that just 12% disagree and 16% are not sure.

The idea of taxing the endowment funds is favored by 76% of Hispanic voters, 71% of black voters, and 71% of white voters. Seventy-six percent (76%) of Republicans favor the idea, along with 71% of Democrats and 61% of other voters.

The survey was conducted May 20 through May 22.

 

This article originally appeared in the Giving Review on May 28, 2021.

Michael E. Hartmann

Michael E. Hartmann is CRC’s senior fellow and director of the Center for Strategic Giving, providing analysis of and commentary about philanthropy and giving. He…
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