Why do more than 100 universities and colleges have offshore investments? And what are they investing in?
During the Paradise Papers investigation, ICIJ’s reporters found more than 100 universities and colleges from United States, Canada and the United Kingdom.
Some of these institutions hold tens of billions of dollars in their endowments, but in the eyes of the law, most of those earnings are treated tax-exempt.
Some other types of university investment earnings could be taxable – if not for a system that has been set up to prevent it.
We want your help to investigate what universities and colleges are doing offshore.
We’re creating a small group of journalists for a project dubbed ‘Alma Mater’.
It comes after several of our partners, The New York Times, The Toronto Star and The Guardian, reported on the offshore schemes used
... read more at: https://www.icij.org/blog/2017/12/project-alma-mater/