Tax and Regulatory Issues

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, March 16, 2016
Hospitals Say State Puts Them Between a Rock and a Hard Place

HARTFORD, CT -- As hospital officials describe it, state policy is pushing them in two opposing directions. The state has, in the past five years, increased the net taxes hospitals pay by close to $400 million while reducing Medicaid reimbursement rates for certain services. Hospital leaders say that financial strain adds to the factors pushing independent community hospitals to join larger health systems.

Monday, January 11, 2016
Letter to the Editor: Spending Deadlines on Donor-Advised Funds Would Be a Mistake

WATERBURY, CT -- Paula Van Ness, president and CEO of Connecticut Community Foundation, co-authored an opinion piece with three of her national community foundation colleagues about donor-advised funds. They give several reasons why timed payouts for donor-advised funds would be bad public policy and would fail to achieve the outcome that critics seek.