Higher Education

Wednesday, March 23, 2016
Taxing Yale: An Attack or Fair Game?

NEW HAVEN, CT -- Facing staggering budget deficits, prominent state legislators and city mayors are eying nonprofit colleges as a lucrative revenue stream. While officials at Yale University call legislation that would implement a new tax on the growth of its endowment an "attack on independent higher education," legislative heavyweights backing the bill say its just forcing the Ivy League school to be a good neighbor.

Wednesday, March 23, 2016
Cash-Strapped Connecticut Wants to Tax Yale Endowments

NEW HAVEN, CT -- Yale University’s endowment earned $2.6 billion in investment gains in fiscal 2015. A proposed bill in the Ivy League school’s home state of Connecticut is eyeing a share of the bounty as a source of revenue. Schools with funds of $10 billion or more -- affecting Yale only -- could face a tax on endowment income, according to legislation introduced this month. Yale’s record $25.6 billion fund is the second largest in U.S. higher education, behind Harvard University’s $37.6 billion.

Wednesday, February 10, 2016
Program to Support First Generation College Students Receives $165,000 from Hartford Foundation for Public Giving

HARTFORD, CT -- Mmore than 200 first-generation students from Hartford, Bloomfield and East Hartford will receive support to help them not only get accepted into college, but to continue on and graduate, thanks to a three-year, $165,000 grant from the Hartford Foundation for Public Giving to the Hartford Consortium for Higher Education for its Career Beginnings Bridge program.

Wednesday, October 21, 2015
Nellie Mae Education Foundation Unveils New Strategy

QUINCY, MA -- The Foundation has set into motion a plan that aims to reshape public education to reach an aggressive benchmark: at least 80% college and career readiness for every subgroup and New England as a whole by 2030. Over the next five years, Nellie Mae will increase its capacity and rapidly accelerate its work to meet this ambitious goal. The Foundation is investing $200 million dollars, a 60% increase above its current policy allowances, to dramatically improve educational results for New England’s learners and communities.