Congress is looking at college and university endowments and at their donors as a source of revenue. Tax endowment fund earnings have been exempted from federal income tax and those who contributed to such endowment funds were able to “deduct the value of their contributions from income subject to tax.” Continue reading
Photo credit: Ileana Johnson 2012
The Congressional Research Service has been driving the legislative debate since 1914, giving our Congressmen information on various topics. The latest report on October 3, 2014, entitled, “Ebola: Basics about the Disease,” by Sarah Lister, Specialist in Public Health and Epidemiology, provides the following information obtained from the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).