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Inside the Ivy: Harvard Will be Writing the IRS a Big Check

The one with Yale, Harvard, Penn, Princeton and Cornell.

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Harvard’s not a fan of the new tax law

Harvard is likely to pay tens of millions in added federal taxes after Congress passed a $1.5 trillion bill that includes a tax on returns from large university endowments.

The Harvard Crimson reports, “University President Drew G. Faust called the new endowment tax ‘unprecedented’ in an emailed statement to The Crimson Wednesday, adding it will constrain the University’s finances and limit its capacity to fund certain programs.”

Faust and Harvard’s federal relations team based out of D.C. have lobbied lawmakers for years to preserve the University’s tax-exempt status.

Yale students haven’t forgotten about three professors accused of sexual assault

Yale University President Peter Salovey sent an email to the Yale community early in the morning on Dec. 16 reaffirming the University’s commitment to preventing sexual assault, but students were not assured.

The Yale Daily News reports, “Hours later, students began a call to action, demanding that Salovey explain why Yale has not responded to well-publicized accusations of sexual misconduct leveled against three University professors: English professor Harold Bloom, philosophy professor Thomas Pogge and Spanish professor Roberto González Echevarría.”

Several students then made a Facebook event inviting members of the Yale community to respond to Salovey’s email and to get answers regarding the three professors accused of sexual assault.

Quote of the Week:

If I were to describe The Last Jedi in one word, to both credit and critique it, it would be ‘different.’

Cornell Daily Sun staff on the latest Star Wars film

Randoms:

A Princeton Hanukkah

Penn students made a fairly impressive gingerbread house

Tweet of the Week

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Natalia is a recent graduate of George Mason University where she studied Communication (Journalism concentration) and Global Affairs (Environment concentration) in Fairfax, Virginia. She's looking to enter the media field as a writer and combine her passion of journalism and the environment.

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