Published on November 9, 2017 | by LawNews
Prof. Norman Silber Quoted in NYT Story on College Endowments’ Offshore Investments
Endowments Boom as Colleges Bury Earnings Overseas
American universities are using offshore strategies to swell their coffers, skirt taxes and obscure investments that could spark campus protests.
By Stephanie Saul
The New York Times
Nov. 8, 2017
“Congress is essentially subsidizing nonprofits by allowing them to engage in these transactions,” said Norman I. Silber, a law professor at Hofstra University who co-authored a paper on blocker corporations in 2015. “They’re allowing them to borrow so that they can build up their endowments.”
A version of this article appears in print on Nov. 9, 2017, on Page A1 of the New York edition with the headline: Endowments Rise as Schools Bury Earnings.
Read the full article on the New York Times website.