Education: Report Card

¶ In Manhattan, the U.S. Tax Court rendered a decision that should delight many a U.S. scholar. In a suit brought by a Guggenheim fellow who did not like the idea of paying a $178 tax on his $1,000 grant, the court ruled: such grants are not income but gifts; no tax need be paid.

¶ Harvard, richest of U.S. universities, was getting richer by the minute. Last week it announced that its endowment fund hit a new high of $365,011,619—a jump of $57 million in just one year.

¶ The faculty of the Bethpage, N.Y. School put its collective foot...