McPherson College Featured on Front Page of The New York Times
Article examined how proposed tax legislation on college endowments might affect institutions across the country
McPherson College has found itself in the national spotlight after being featured on the front page of The New York Times. The Times article examined how proposed tax legislation on college endowments might affect institutions across the country, including our local college with its recently expanded endowment. The piece highlighted how McPherson College, despite its size and location, could be unexpectedly caught in legislation primarily aimed at elite coastal universities.
The Times contrasted McPherson College with Ivy League institutions like Harvard and Yale, noting the college's reputation for its automotive restoration program and its commitment to helping students graduate debt-free.
Matthew Lindsey, president of the Kansas Independent College Association, was quoted in the article expressing hope that religious exemptions in the proposed legislation might protect McPherson College, which was founded by the Church of the Brethren. The Times also mentioned the transformation of the college's finances from a $50 million endowment to $1.6 billion through an anonymous donation in 2022, and referenced the support the automotive restoration program has received from comedian Jay Leno.
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