An ‘Arms Race’ for Pay at Elite, Tax-Exempt Colleges

Top private nonprofit universities that receive government funding pay some of their top leaders millions of dollars and one even received a $20 million longevity bonus, an investigation by The Center Square found. That is despite political leaders and others questioning the way the schools are funded and their political policies. President Donald Trump has repeatedly threatened to revoke the tax-exempt status of the country's elite private universities, most recently alleging that some harbor "radical left" policies and stoke antisemitism. Others have long questioned the fairness of federal policies that allow the schools to skirt tax liabilities while they amass tens of billions of dollars in assets, develop patented technologies with government support that are worth hundreds of millions and pay their leaders handsomely.