Word: grassley
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...While Grassley, from his perch as ranking member of the Senate Finance Committee, has investigated the nation’s richest colleges and publicly called for a mandate, no actual legislation has been introduced...
...This questionnaire is overdue. Colleges and universities should be much more transparent about their activities, just as tax-exempt hospitals are being asked to do,” Grassley said. “They need to show they’re making good use of the tax exemption and other federal subsidies they receive...
...Grassley continued to call for a specialized form in the statement and his spokeswoman, Jill Gerber, said the Iowa senator has also still not ruled out the possibility of trying to mandate a 5-percent level of endowment payout...
...said in an interview yesterday that congressional attitudes toward endowments have shifted since Grassley first floated the idea of payout legislation...
...Grassley and Senate Finance Committee Chairman Max Baucus sent their own questionnaires in January to the 136 wealthiest colleges and universities in the country...