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Examples of these foundations include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Carver Charitable Trust. In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least ...
PASSHE should not be confused with Pennsylvania's other state-funded university system, the Commonwealth System of Higher Education, which includes one land grant university (Pennsylvania State University), three historically private universities (Temple University, Lincoln University, and University of Pittsburgh), and the related campuses of ...
Before the legal creation of state-related universities and colleges in the 1960s, Lincoln University, Temple University, and the University of Pittsburgh were fully private universities. [5] Temple and Pitt were granted state-related status by acts of the Pennsylvania General Assembly in 1965 and 1966, respectively.
After it was announced that Kristin Gilbertson was to concluded her eight-year tenure over the University of Pennsylvania's investment office, Ammon's name was mentioned as a possible successor. On April 10, 2013, it was announced that Ammon would take over the university's $6.8 billion endowment and $1 billion pension plan the coming July.
Henderson implemented a strategic plan to revive the college. Plans to sell the school were abandoned as Henderson began another procedural overhaul. Henderson's tenure became the most successful for Point Park. During the late 1990s, budget woes disintegrated as enrollment rose to over 3,000 students and the endowment grew by over 200 percent.
Throughout the 2000s, Penn State Schuylkill continued to grow to meet the educational needs of 21st century students. The campus administers a $1 million scholarship endowment, and with over 90% of students receiving some form of financial assistance, Penn State Schuylkill continues its tradition of helping to make a Penn State education affordable and attainable.
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Commonwealth University-Bloomsburg (CU-Bloomsburg, or Bloomsburg) is a campus of Commonwealth University of Pennsylvania in Bloomsburg, Pennsylvania, United States. [ 3 ] [ 4 ] It is part of the Pennsylvania State System of Higher Education (PASSHE).