Key Takeaways
- • The University of Pennsylvania's projected federal tax bill rises about 270% under a new federal endowment tax rate, according to the Philadelphia Business Journal.
- • The new federal taxes target the nation's wealthiest endowments, and the University of Pennsylvania is among the institutions affected.
Summary
According to a report by Ryan Mulligan of the Philadelphia Business Journal dated October 29, 2026, the University of Pennsylvania's projected tax bill jumps 270% under a new federal endowment tax rate. The article describes the new federal taxes as applying to the nation's wealthiest endowments and says they are set to take a toll on Penn.
The source article is brief and does not provide the underlying tax rate, the dollar amount of the projected liability, or the endowment size used in the calculation. Readers seeking those figures should consult the full Philadelphia Business Journal report.
The source article is brief and does not provide the underlying tax rate, the dollar amount of the projected liability, or the endowment size used in the calculation. Readers seeking those figures should consult the full Philadelphia Business Journal report.
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