At least two things need to happen to these universities. First, they need to pay a large tax on their endowment earnings. Now, they are paying a couple of percent. Second, they need to have significant penalties for not reporting foreign money given to the University which is required by law. The arrogance of university presidents as shown by those at Columbia and others shows they think they are above the law and that nobody can touch them. They need to be brought into line of teaching not propagandizing.
What is the tax treatment of college and university endowments?