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Tag Archives: iu foundation

Daily Local News – December 26, 2017

This retrospective edition of the Daily Local News highlights some of our best reporting from 2017. We’ll hear from IU Foundation President Dan Smith about the Foundation’s offshoring of millions of dollars in the Cayman Islands; we’ll listen to IU students, as they protest the visitation of White supremacist Charles Murray; and we’ll hear from Indiana Recovery Alliance Founder Chris …

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Daily Local News – November 22, 2017

The Indiana Department of Transportation is warning holiday-goers that road work and lane restrictions will still be in place along highway 37 during Thanksgiving. Project-based Science, Technology, Engineering, Arts and Math, or ‘STEAM’ curriculum continues to be a priority at the Richland Bean Blossom Community School Corporation. The Edgewood Junior High band, choir and dance teams are preparing for 2018 …

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IU Foundation President Defends Off-Shore Investments

On November 8, The New York Times published an article about university foundations avoiding taxes on their endowments, many of which are in the billions of dollars, by investing in overseas corporations. The Indiana University Foundation was mentioned within the first sentence of the article. According to documents provided to the Times from a leak at a Bermudan law firm, …

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Voices in the Street: “Is investing in offshore accounts acceptable for IU?”

University endowment earnings are usually tax-exempt. However, depending on the type of investment, even Universities can be required to pay federal taxes. Investing through so-called blocker corporations, which are established in no-tax or low-tax jurisdictions like the Cayman Islands literally blocks the University from having to pay taxes. IU and many other Universities utilize blocker corporations to maximize the return …

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