Why Are Universities Non-Profit for Tax Purposes?
Sports Illustrated Each school will receive $135 million as a result of the "capital deal" in addition to the $80 to $100 million each school receives year from TV rights. Exactly why should these universities be non-profit? This "capital deal" -- selling assets that were originally paid for by taxpayers -- is as money grubbing a deal as any private sector company would make. Football is hardly a key academic activity. Universities also have endowments, sometimes worth billions, that also receive preferential tax treatment. Before anyone says, "universities are engaged in public service," so was my company WeatherData, Inc. (we directly saved hundreds of lives) but the government wouldn't let us be non-profit. Below are comments regarding last week's 60 Minutes' weekly "Trump is evil" report that he allegedly shut down breast cancer research. This "overselling" over university research potential is, unfortunately, qui...