The Internal Revenue Service recently announced it will send a questionnaire to several hundred campuses to gather information on their executive compensation, endowments, and unrelated-business income, and to determine if there are gaps in the data that need to be filled.

The announcement came shortly after a spokesman for U.S. Sen. Charles E. Grassley told The Chronicle that the senator backed the creation of a new tax schedule that was specifically designed for colleges and universities, and that mandated more reporting of colleges’ costs and enrollments.

Good for Senator Grassley. It’s high time for this move toward greater transparency.