TLG Managing Partner Jeff Tenenbaum Quoted in Chief Investment Officer Article, “Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies”

TLG Managing Partner Jeff Tenenbaum was quoted in the Chief Investment Officer article, “Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies.”

““We are going to be taking away Harvard’s Tax-Exempt Status. It’s what they deserve!” Trump wrote on May 1 on his social media platform, Truth Social. But legal experts say the president and other agencies lack the authority to unliterally strip a university’s tax-exempt status.”

““Neither the President, the Justice Department, the Treasury Department, the U.S. Attorney for the District of Columbia, nor the IRS have the ability to revoke the federal tax-exempt status of any entity through Executive Order or with the mere stroke of a pen,” wrote Jeffrey S. Tenenbaum, managing partner in the Tenenbaum Law Group, in a recent legal explainer.”