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Endowments basically come from individual donors and therefore are have a tendency to made up from donations that have been gathered over years. A gifted present is meant to support the college long term and may also come with donor constraints about precisely how it’s spent. Indeed, House Republicans provides recognized the brand new endowment tax as a way to support the country’s greatest-tier universities responsible for formula they disagree having. The fresh college’s endowment is currently around $917 million, an enormous figure however, much beneath the multiple-billion amount common among best universities. Because they hold off to the regulations, DePauw staff had been chatting with lawmakers concerning the potential impact. This may in addition to hit DePauw College, a keen Indiana institution based because of the Methodists in the 1837.
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