New tax may snare U of C—but not Northwestern – Crain’s

In the wake of the tax overhaul passed by Congress yesterday, the University of Chicago would likely have to pay a new 1.4 percent levy on its endowment investment income, but Evanston-based Northwestern would not, under the law's provisions. That's because the University of Chicago at the moment exceeds an endowment dollars-per-student ratio threshold, while Northwestern does not, based on recent figures.