May 12, 2008
Endowment-Spending Talk Draws a Crowd of Tax Lawyers
Washington
The rate at which universities spend their endowments remains a hot topic in the nation's capital, as evidenced by a standing-room-only crowd that gathered here on Friday for a panel at an American Bar Association meeting on taxation.
Federal lawmakers have shown interest in legislation that would require universities to spend 5 percent of their endowments each year. But such a requirement would raise many complex technical questions, not the least of which, the session's
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