Nonprofit Endowments Under Scrutiny

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A question that has been asked with some regularity over a long span of time is –”When will the size of our endowment attract the interest of the IRS?” or “Is there a point at which our tax-exempt status may be threatened?”

Although the issue has come up occasionally there is no current limit on how large an endowment may be. The endowment of Harvard University was $37.6 million as of their 2015 financial statements and I am not aware of any case where an organization’s exempt status has been revoked for that issue alone.

Of course now that the need for …read more

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