Nawrocki’s weekend “March for Poland” through central Warsaw gathered close to 50,000 supporters, and emphasised his nationalist conservative, pro-Catholic and free-market views. He argues that Poland should be prioritising its relationship with the US over the EU.
An investigation by The New York Times found that at least 58 schools could potentially be affected by this.Major universities could fall under the highest tax slab.
In the 2024 fiscal year, Harvard University’s total endowment was worth approximately $53.2bn – the largest of any university. There are 24,596 students at Harvard, which means the per-student endowment is $2.16m. That means it will have to pay a 21 percent tax if the bill becomes law.Yale University’s endowment is valued at $41bn and the university has 15,490 students, bringing the per-student endowment to about $2.7m. While the institute currently pays the 1.4 percent tax, it too will have to pay a 21 percent tax if the bill becomes law.Likewise, Stanford’s endowment is $36.5bn and it has 17,529 students, making the per-student endowment about $2.1m. While the institute currently pays the 1.4 percent tax, it will have to pay a 21 percent tax if the bill becomes law.
By contrast, University of Pennsylvania’s total endowment was $22.3bn as of June 2024 and the institute has 24,219 full-time students, making the per-student endowment $920,764. While the institute currently pays the 1.4 percent tax, it will have to pay a 7 percent tax if the bill becomes law.But because the bill determines which universities are taxable based on per-student endowments, it isn’t just big schools that will be affected: Even smaller private institutions, that previously paid 1.4 percent tax, might now have to pay much more.
Pomona College in Claremont, California, had a total endowment of $3bn in 2024, of which the institute uses 5 percent each year.
The university says 60 percent, or $36m, of financial aid at Pomona is covered by endowment, which also covers about half the institute’s operating budget. It has 1,747 students, which means Pomona has a per-student endowment of $1.7m. Until now, it paid a tax worth 1.4 percent of the endowment; if the bill passes, it will be taxed at 14 percent.This success continued into the 1980s, when she also expanded into directorial ventures, including in the films Sasara Chethana (1984) and Ahimsa (1987).
‘A bridge’ across generationsShe also starred in the first Indian-Sri Lankan co-production Pilot Premnath in 1978, opposite legendary Indian Tamil actor Sivaji Ganesan.
“She never limited herself to one category. She was in commercial cinema and arthouse cinema,” said 27-year-old teacher Prabuddhika Kannagara. “She played a village girl, a young girl, a married woman, a mother, and even a grandmother. She represented women across all generations.”Kannagara was one of the last mourners at the funeral, sitting and watching as sparks emanated from the white cloth tower in the square, specially erected for Fonseka’s cremation, according to Buddhist rituals.