Posted on 12/05/2017 4:11:34 AM PST by x1stcav
George Washington University recently spent half a million dollars inaugurating its new president over a three-day period, a price tag that comes after recent budget cuts and employee layoffs.
When university president Thomas LeBlanc was sworn into office in November, the school spent about $500,000 on a three-day series of events, according to The GW Hatchet, the campus newspaper.
The schedule of events, according to the university’s website, included a student brunch, a ninety-minute inauguration ceremony, an “inaugural celebration,” an invitation-only dinner at the Library of Congress, and a faculty-only reception at the president’s home.
(Excerpt) Read more at thecollegefix.com ...
It’s good to be the king!
That’s all? $lipping.
Just like Puerto Rico too!
A rarely mentioned provision in both of the tax reform bills being considered is a 1.4% tax on private college endowment income, which is currently tax free. This would apply only to the colleges with the largest endowments, above $100K per student in the house bill or $250K in the Senate bill.
Boo f’n hoo.
My story is anecdotal, for sure. But it makes me wonder. There needs to be more transparency about how colleges spend (or hoard) money.
Decades ago I stopped giving any money to universities I graduated from. TOO LIBERAL.
If you, Sir, have to ask a question like that, then you obviously aren’t one of the elites or you’d know.
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