Chief Investment Officer,

Is the Endowment Tax a Trojan Horse?

December 07, 2017

“I think it’s a harbinger of things to come, I think this is a Trojan Horse,” said Charles Skorina in an interview with CIO. Skorina is the founder of San Francisco-based Charles Skorina & Co., which recruits CIOs and asset managers for endowments, foundations, and institutional investment firms. “Congress has wanted to tax non-profit entities, and I think this is the foot in the door. Some in Congress have regularly railed against tax-exempt organizations.”