Hillsdale College will not have to pay a new federal excise tax on college endowments, at least for now. As a part of the Republican tax package signed into law by President Donald Trump on Dec. 22, private, nonprofit colleges and universities must pay a 1.4 percent tax on their endowment’s yearly income. The tax,...
Hillsdale College still may avoid the Republican revenue package’s endowment tax, despite removal of a provision that would have exempted any college that refuses federal funds, such as Hillsdale, from the proposed tax. Senate Republicans had amended the bill last week to increase the endowment size qualification for the 1.4 percent excise tax...
Demolition work began at 115 E. Carlton Road this week for the new location of H.J. Gelzer & Son Hardware Inc. The hardware and sporting good company in downtown Hillsdale will move just a couple of blocks for a larger and more open space, more room for parking, and the opportunity for further expansion. In...
A proposed tax could force Hillsdale College to pay up to $700,000 a year to the federal government. As part of the Republicans’ $1.5 trillion tax package, a new endowment tax would make private, nonprofit colleges and universities pay 1.4 percent on their yearly endowment income if the endowment is equal to $250,000 or...
Sometimes people only learn about the great accomplishments of a person after they die. This was true for many of the friends and family of Thomas Burke ’04, who died at the age of 35 on Nov. 12 in Leesburg, Virginia, of injuries sustained after a fall. Despite his young age, the 10-year CIA...