What the New Tax Bill Means for Endowments and Foundations

2025-05-22

Nick Zylkowski, CFA

Managing Director, Co-Head of Customized Portfolio Solutions

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As Congress considers steep changes to the excise tax on net investment income, private university endowments and foundations could soon face a more complex and burdensome tax structure. With 2025 potentially the final year under the current flat-rate regime, now is the time to plan.

In this paper, you’ll learn:

What’s included in the proposed tiered excise tax structure
How different asset classes could be affected
Tactical and structural strategies to help mitigate tax impact
Why acting in 2025 may provide long-term advantages

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