Exempt Organizations Advisory - Ways and Means Subcommittee Holds Hearing on Tax-Exempt College and University Endowments

September 13, 2016

Today, the House Ways and Means Subcommittee on Oversight held a hearing titled “Back to School: A Review of Tax-Exempt College and University Endowments.”  In his opening statement, Oversight Subcommittee Chairman Peter Roskam (R-IL) noted that “[g]iven families’ concerns and the big tax benefits colleges and universities get from taxpayers, the Ways and Means Committee believes it is important for us to keep learning about how these schools are working to fulfill their charitable and educational purposes.”

The witnesses were:

  • Neal McCluskey
    Director of the Center for Educational Freedom, Cato Institute
  • Jeff Amburgey
    Vice President for Finance, Berea College
  • Sheila Bair
    President, Washington College (formerly chair of the Federal Deposit Insurance Corporation)
  • Mark Schneider
    Vice President and Institute Fellow, American Institutes for Research (formerly Commissioner of the National Center for Education Statistics)
  • Dr. Sandy Baum
    Minority witness; Senior Fellow, Income and Benefits Policy Center, Urban Institute