The line between charity and politics can be extraordinarily blurry.
The current 1.4-percent tax rate on the endowments of colleges was set by the Tax Cuts and Jobs Act of 2017.
The College Endowment Accountability Act would increase the excise tax on endowment net investment income to 35% for secular, private, nonprofit colleges and universities with at least $10 billion in assets.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.