Wall Street’s computations show that Emory should escape the endowment tax (for now):
https://www.wsj.com/articles/which-colleges-will-have-to-pay-taxes-on-their-endowment-your-guess-might-not-be-right-1516271400
Escaping the Bill
Some of the private schools with endowments greater than $2 billion may avoid a new tax on investments because they are worth less than $500,000 per student.
Emory University
$475,355
Wash. Univ. in St. Louis
454,729
Duke University
444,632
Univ. of Pennsylvania
442,601
University of Chicago
422,389
Northwestern Univ.
383,791
Vanderbilt University
329,822
Columbia University
326,273
Brown University
316,565
Cornell University
201,677
Boston College
163,403
Johns Hopkins Univ.
143,707
Univ. of Southern Calif.
117,551
New York University
73,1