The New York Times reports it’s because of college athletics. Consider the Atlantic Coast Conference. In 2015, the conference reported earning over a quarter billion dollars in sports revenues. But no taxes were owed. Why? “The ACC and member schools are nonprofit charitable organizations that place an emphasis on academic excellence.”
PERSPECTIVE: How Colleges Avoid Paying Huge Tax Bills
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Future U
Established in 2015, this website was conceived by current and former Michigan State University faculty members. The purpose is to be declarative about the pernicious impacts of neoliberalism on higher education and society at large. With new articles posted daily, there is a rotating set of features, perspectives, news stories, and other materials of interest. (NOTE: This site is not affiliated with Michigan State University or any other institution, higher education or otherwise.)
