Communications on Endowment Excise Tax

In 2017 Congress passed the Tax Cuts and Jobs Act, which included a new 1.4 percent excise tax on the investment earnings of private colleges and universities with endowments worth $500,000 or more per full-time student. Washington and Lee is one of about 30 colleges and universities that are subject to the tax. The university has kept the W&L community informed of this legislation and its implications for the university and its budget and has also coordinated efforts to communicate our concerns about the tax to members of Congress.