[CornFed]

A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:

https://www.marketwatch.com/story/hit-to...2018-01-16

That's potentially a significant negative impact against a scholarship budget of $177 million annually.

The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income.  That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself.  May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.

[CornFed]

A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:

https://www.marketwatch.com/story/hit-to...2018-01-16

That's potentially a significant negative impact against a scholarship budget of $177 million annually.

The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income.  That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself.  May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.