November 30, 2022

University holds billions offshore in Central America and Caribbean [Cayman Islands]

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By Spencer Dembner From The Chicago Maroon The University of Chicago holds $2.8 billion in investments in Central America and the Caribbean, according to its most recent tax returns. Many universities hold similar offshore investments, hoping to avoid taxes on certain high-yield, high-risk investments. The University has had significant assets in the region since at […]

Endowments boom as [US] colleges bury earnings overseas

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By STEPHANIE SAUL From New York Times American universities are using offshore strategies to swell their coffers, skirt taxes and obscure investments that could spark campus protests. In 2006, the endowments of Indiana University and Texas Christian University invested millions of dollars in a partnership, hoping to mint riches from oil, gas and coal. The […]