NewsWPLG Local 10 – Main FeedSeptember 4, 2026Miami-Dade
Trump administration proposes stripping tax-exempt status from private colleges with race-based programs
The Treasury Department has proposed a new regulation that would revoke the tax-exempt status of private schools and colleges that provide targeted assistance to students based on race. If finalized, the rule would take effect after May 2027 and would apply to admissions, scholarships, and facilities that the administration deems discriminatory.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
Up to 18,000 private educational institutions could lose their , potentially forcing significant cuts to financial aid and research programs if they maintain diversity, equity, and inclusion (DEI) policies.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.
Who's Mentioned
personScott Bessent“Announced the proposal and stated that race-based preferences are discriminatory”personFrank J. Bisignano“Stated that schools continuing racial discrimination should expect to lose tax-e”organizationTreasury Department“Proposed the new regulation.”organizationJustice Department“Investigating medical schools for admissions policies.”personTim Powers“Highlighted compliance burdens and legal uncertainties.”personMike Gavin“Criticized the proposal as an attack on access to higher education.”personPreston Cooper“Analyzed the political implications of the proposal.”organizationHarvard University“Target of previous threats regarding tax-exempt status.”organizationIRS“Responsible for enforcing tax-exempt status.”personMarjorie Hass“Noted the proposal would likely impact donations earmarked for scholarships.”organizationBob Jones University“Historical precedent for losing tax-exempt status in the 1970s.”personDonald Trump“Leading the administration's campaign to end DEI policies.”