NAICU's University & College Accountability Network

Williams defends endowment

Berkshie Eagle, Mass.

May 9, 2008

Massachusetts lawmakers have caught the attention of Williams College leadership with a proposal to study taxing any private college's endowment funds that exceed $1 billion. North Adams Mayor John Barrett III described the concept as "absolutely crazy. I don't know who comes up with these ideas, but they should be locked up and put in a padded cell someplace." He pointed to the millions of dollars Williams has contributed to the construction of Williamstown Elementary School, Mount Greylock RegionalHigh School and Mass MoCA in North Adams.

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