S.936

The Woke Endowment Security Tax Act of 2025 imposes a 6% excise tax on large endowments of certain private colleges and universities.

The Woke Endowment Security Tax Act of 2025 amends the Internal Revenue Code to impose a 6% excise tax on the aggregate fair market value of the assets of certain private colleges and universities. The tax applies to institutions with endowments over $11.9 billion, excluding religious institutions, and those operating colleges on behalf of a state with endowments over $10.5 billion. The tax is effective for taxable years beginning after December 31, 2024.