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Snares in the proposed endowment tax

University Business

Presumably, this means that fixed assets such as academic buildings are not included. Whether it would also apply to funds established to endow academic chairs is unclear, though those assets are certainly used directly in carrying out the institutions exempt purpose. Included v.

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UCLA Alumni Couple Pledges $10 Million to Ethnic Studies Centers

Diverse: Issues in Higher Education

This most recent gift builds on their previous contribution and aims to endow director's chairs at the three other IAC centers, as well as an academic chair at the Asian American Studies Center. As it stands now, the four centers all have directors but three are without endowed director’s chairs. Though, the Ralph J.