Future of Division III

[ronk]

I saw this update regarding Smith in the Forbes article this morning:

Update: Smith College, which likely would have been subject to the 4% tax given its 2023 stats—an endowment worth $2.47 billion, which worked out to $780,000 for each of its 3,192 students—contacted Forbes on July 8 to note that its full-time tuition-paying student enrollment is now below 3,000. The school currently pays a 1.4% tax on its endowment (worth $2.6 billion as of June 30, 2024). Starting in January, Smith will likely be exempt from an endowment tax. Smith declined to say how much tax it has been paying.

According to NCES, Smith's enrollment in 2023 was only 2830 (2506 undergraduate, 324 graduate), and according to the school's own "Fall Enrollments" document was, depending on how you count, either around 2600 or ~2700.  It's interesting to note the NCES numbers for 2023 and Smith's own numbers on this page don't exactly match with a difference of over 100. 

 Sounds like incentive to purposely keep your enrollment under 3000.

[Ron Boerger]

I saw this update regarding Smith in the Forbes article this morning:

Update: Smith College, which likely would have been subject to the 4% tax given its 2023 stats—an endowment worth $2.47 billion, which worked out to $780,000 for each of its 3,192 students—contacted Forbes on July 8 to note that its full-time tuition-paying student enrollment is now below 3,000. The school currently pays a 1.4% tax on its endowment (worth $2.6 billion as of June 30, 2024). Starting in January, Smith will likely be exempt from an endowment tax. Smith declined to say how much tax it has been paying.

According to NCES, Smith's enrollment in 2023 was only 2830 (2506 undergraduate, 324 graduate), and according to the school's own "Fall Enrollments" document was, depending on how you count, either around 2600 or ~2700.  It's interesting to note the NCES numbers for 2023 and Smith's own numbers on this page don't exactly match with a difference of over 100. 

 Sounds like incentive to purposely keep your enrollment under 3000.

At least until the goalposts get moved again.