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Families, friends, faculty and staff will celebrate seniors during Wellesley’s 147th commencement exercises.

Economics professor Phillip Levine calculated that nine schools would hit the top tax rate, and Harvard, Yale, Stanford, Princeton, and MIT would each owe more than $410 million in taxes a year.

60 college presidents, including Paula Johnson, are sharing messages about civic discourse, democratic participation, and free expression to inspire grads to think critically and engage with empathy.

Sheep are grazing near Paramecium Pond to help the Botanic Gardens with meadow diversification

The Globe keeps a running list of commencement speakers at Mass. colleges and universities, including Wellesley. The list includes political and business leaders, academics, actors, and activists.

A 14 percent endowment tax—in the middle range of the proposals—would cost Harvard, for example, about $560 million a year, according to an analysis by economics professor Phillip Levine.