71% Favor Taxing Endowment Income of Elite Universities Like Harvard

Seventy-one percent (71%) of voters believe elite universities such as Harvard and other nonprofit foundations should pay taxes on their endowment income. A Scott Rasmussen national survey found that just 12% disagree and 16% are not sure.

The idea of taxing the endowment funds is favored by 76% of Hispanic voters, 71% of Black voters, and 71% of White voters.

Seventy-six percent (76%) of Republicans favor the idea along with 71% of Democrats, and 61% of other voters.

Similar support is found for a proposal to tax the endowment funds of elite universities and use the money to fund apprenticeship programs. Seventy percent (70%) favor the proposal and 13% are opposed. Those figures include 36% who Strongly Favor the plan and 5% who are Strongly Opposed.

The proposal for taxing endowment funds of elite universities to fund apprenticeship programs was mad by Senator Tom Cotton.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left more than seven years ago and has had no involvement since that time.


The survey of 1,500 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from May 20-22, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 216 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

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