Taxing Net Investment Income —The Camel’s Nose Under the Nonprofit’s Tent?

Christopher P. Woehrle reviews the the excise tax on the richest private colleges and universities.

The Tax Cuts and Jobs Act of 2017 (P.L. 115-97) (the Act) imposes an excise tax of 1.4 percent on the net investment income (NII) of the richest private colleges and universities in the United States for tax years beginning after Dec. 31, 2017.1 

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on

TAGS: Philanthropy
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.