After growing from $68 million in 2021 to $243 million in 2022, the excise tax collected on investment income in private college and university endowments has risen again to more than $380 million in 2023. The 2023 collections came from 56 institutions, compared to 58 in 2022 and only 33 in 2021. In the other new tax imposed on nonprofits generally in the Tax Act of 2017, the amount received on the tax on employee incomes of more than $1 million or excessive “golden parachutes” dropped from $671 million from 1710 institutions in 2022 to $570 million from 1274 institutions in 2023. The figures were reported recently in the Statistics of Income Data Releases from the Internal Revenue Service...