Endowment

a woman and child walking at the Duke University campus.
rmanoske / Flickr, Creative Commons, https://flic.kr/p/a8PTMJ

Duke University's endowment could take a hit if the Republican tax plan passes. The bill includes a new excise tax on universities whose endowment fund is valued more than $100,000 per student. That could amount to a $10 or $15 million annual tax for the university, according to Duke spokesman Michael Schoenfeld.

Duke University President Vincent Price sat down with WUNC's Managing Editor Dave DeWitt for an interview.
Duke University

Vincent Price has been on the job as Duke University’s president for a little more than a month now. The former University of Pennsylvania Provost has been a leader in digital learning and building interdisciplinary opportunities.

An image of Duke Campus
Duke University

University endowments across the nation took a hit last year, and North Carolina’s universities were not spared.

Among North Carolina universities, six of the seven largest endowments declined in value. Duke University experienced the largest decline as its endowment fell 6.3 percent to $6.8 billion as of June 30, 2016, the end of the fiscal year.

The old well at the University of North Carolina - Chapel Hill.
Tim Schleicher / flickr, Creative Commons

After years of rapid growth, endowments for both Duke University and UNC-Chapel Hill took a hit last year.

College and university endowments are growing again. But as Dave DeWitt reports, the gains are not enough yet to cover losses over the last five years.