On October 19, 1906, Taylor was awarded an honorary degree of Doctor of Science by the University of Pennsylvania.[8] Taylor eventually became a professor at the Tuck School of Business at Dartmouth College.[9] In early spring of 1915 Taylor caught pneumonia and died, one day after his fifty-ninth birthday, on March 21, 1915. He was buried in West Laurel Hill Cemetery, in Bala Cynwyd, Pennsylvania.