The point is punishment, not redistribution. Senator Tom Cotton recently introduced a stunt bill, the Woke Endowment Security Tax Act, that would impose a onetime 6 percent excise tax on 11 ...

As President Donald Trump moves to withhold over $2.2 billion in federal funding from Harvard University for its refusal to comply with a list of demands many regard as unconstitutional, some say ...

This month, both former President Barack Obama and Lawrence Summers, who had presided over Harvard and the U.S. Treasury, made the point that the endowments of rich universities were there to be ...

While Harvard’s famous endowment seems to offer an obvious backstop, the school’s ability to tap into it is being oversimplified on both sides, says Sandy Baum, a nonresident senior fellow at ...