Yale Endowment Could Help NH
I joined Senator Martin M Looney, State Representative Robyn Porter and friends from New Haven to highlight a bill that encourages Yale to spend income from its endowment to support local education, financial aid and economic growth.
Yale’s endowment is currently $25.6 billion...tax exempt!
According to a study in Slate, Yale’s tax benefits outpace state funding to UConn by almost 3-to-1
By investing earnings from its endowment in the community, Yale will stimulate job growth and open the doors of higher education to more students.