Emory president Claire Sterk wrote a letter Tuesday to U.S. Sen. Johnny Isakson, R-Ga., raising concerns about the endowment tax, saying it helps fund patient care and financial aid. Sterk said it would “severely undercut our ability to fulfill donor wishes and ensure the endowment’s longevity and integrity.”
Berry College reports on its website that it has a $968 million endowment.
Spelman College had a $347 million endowment as of June 2016, according to its website. Agnes Scott College’s endowment was at $230 million in June, according to its website.
Several of these institutions said Thursday they were reviewing the proposed legislation.