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Universities Seek to Defend Endowments From Republican Tax Plan

  • Endowments join list of perennial topics such as student loans
  • Senator Hatch says endowments will be in tax code review
Princeton University campus.
Photographer: Emile Wamsteker/Bloomberg

Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of their endowments.

Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including endowment tax issues in their federal agenda, along with perennial topics such as student loans and funding for scientific research.