Word: exempted
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Dates: during 2000-2009
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Broader than it is deep, GuideStar's free database doesn't exactly allow visitors to run their own audit, but it enables analysts to compare charities with their counterparts and helps the IRS develop profiles of tax-exempt organizations that could be up to no good. One red flag: more than a fourth of the 990s submitted in 1997 and 1998 reported zero fund-raising costs, as unlikely as money growing on trees...
Williamson calls Harvard and MIT “giant corpororate tax shelters” that should either pay higher payment in lieu of taxes or face losing their tax exempt status...
...They were given it, and it can be taken away,” Williamson says of the University’s tax-exempt status. “Who’s afraid of the big, bad wolf...
...decided to focus its scrutiny on the Fly because the club does not explicitly ban female members and recently gained tax-exempt status for some donations. But even if the Fly decided to take women as members, it would still exclude the vast majority of the student population. Final clubs need to make far more radical changes to bring themselves in line with an open, egalitarian society than letting in a few of their members’ girlfriends join. From the viewpoint of social exclusivity, admitting women will make little difference. We urge all students, not just women, to boycott...
...final club the Fly recently was granted tax exempt status by the City of Cambridge even though it is an all-male club, and RUS members pondered at a meeting last week as to whether that meant women could join, or be punched for, the club...