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Senator Cantwell warns Big Ten schools: private equity ties may endanger tax-exempt status by prioritizing profit over education.
Washington Senator Maria Cantwell has warned Big Ten university presidents that private equity involvement could threaten their institutions’ tax-exempt status by undermining the link between media revenues and educational missions.
In a letter, she expressed concern that profit-driven motives may conflict with universities’ nonprofit, public service roles, especially as schools explore new revenue streams from media rights.
While no current plans involve altering existing deals, Cantwell urged caution over financial partnerships that could compromise academic integrity and public trust.
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El senador Cantwell advierte a las escuelas del Big Ten: los lazos de capital privado pueden poner en peligro el estatus de exención de impuestos al priorizar las ganancias sobre la educación.