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IRS Proposes Ending Tax-Exempt Status For 18,000 Private Schools Over Race-Based Policies
The Treasury Department and IRS released proposed regulations that would deny 501(c)(3) tax-exempt status to any private school that “adopts, maintains, or enforces” a policy discriminating on the basis of race, color, or national or ethnic origin, including policies designed to benefit minority students.
The proposed rule focuses on admissions, scholarships, student loans, athletics, and every other school-administered program. The agencies estimate it could affect as many as 18,000 private schools and roughly 750,000 students who may qualify for race-based scholarships. This is happening as…
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