ACTA's Must-Reads
« Cheers to President Skorton | Main | Yale students call for return of ROTC »
The taxman cometh
According to the Chronicle of Higher Education, the IRS is sending a questionnaire to about 400 schools in hopes that the results will shed some light as to what exactly these institutions do with their billions of dollars in tuition money, alumni gifts, and federal grants. Dubbed the College and University Compliance Project, the federal agency will examine expenditures such as the salaries and fringe benefits of presidents and top administrators, the management and spending of endowment monies, and whether institutions are abiding by the tax laws.
We here at ACTA will be very interested to read the report resulting from this study. Tuition-paying parents, generous alumni, and taxpayers rightly expect that their money is being used to benefit the education of students not to pay for lavish or inappropriate expenditures--and trustees need to act accordingly to make sure that their institutions are responsible stewards.
Posted by Sandra E. Czelusniak on October 01, 2008 at October 1, 2008 05:50 PM
Trackback Pings
TrackBack URL for this entry:
http://www.goactablog.org/blog/mt-tb.cgi/479