In 1948, Eisenhower became President of Columbia University, an Ivy League university in New York City. The assignment was described as not being a good fit in either direction. During that year Eisenhower's memoir, Crusade in Europe, was published. Critics regarded it as one of the finest U.S. military memoirs, and it was a major financial success as well. Eisenhower's profit on the book was substantially aided by an unprecedented ruling by the U.S. Department of the Treasury that Eisenhower was not a professional writer, but rather, marketing the lifetime asset of his experiences, and thus he only had to pay capital gains tax on his $635,000 advance instead of the much higher personal tax rate. This ruling saved Eisenhower about $400,000. COUNT 5
QSN1 What position did Eisenhower occupy in 1948? ANS1 President of Columbia University QSN2 Where is Columbia University located? ANS2 New York City QSN3 What was the title of Eisenhower's memoir? ANS3 Crusade in Europe QSN4 What group of schools did Columbia University belong to? ANS4 Ivy League QSN5 What body ruled the Eisenhower was not a professional writer? ANS5 Department of the Treasury