Word: exempted
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...Globe would be well advised to look more carefully into what is co-sponsors in future. By the way, how much did it make from the $100 per person registration and what was paid to each panelist? I thought academic meetings held in tax-exempt buildings among people who get annual salaries, as professors, have to be free? Or is the male white academic buddy system beginning to pay each other quite openly? Fran P. Hosken
Enter Harvard. At the present time almost 40 per cent of the land in Cambridge is owned by tax-exempt institutions. And Harvard is by far the largest of these institutions. Harvard pays taxes totaling about $900,000 to the city of Cambridge for land and buildings it owns that are not used exclusively for educational purposes. But it does not pay taxes on most of the property and buildings located in the general area classified as the Harvard-Radcliffe campus...
...greater attention that has been paid in recent years to the high taxes placed on homeowners and businessmen in Cambridge, has caused an intensifying debate about that large chunk of tax revenue that Cambridge does not get as a result of Harvard's tax-exempt status...
...been very outspoken at times in directing criticism at Harvard for "not paying its share" and it is not unusual for residents to revert to the "look at all the billions Harvard and those spoiled rich kids who go there have" line. Of course, all educational and other tax-exempt institutions in the city have faced the same pressures, but Harvard seems to take the brunt of the heavy artillery...
Harvard objected to the formula for two reasons. First, any formula might jeopardize the tax-exempt status of the University's property; and, secondly, any precedent set by Harvard could be harmful or even fatal to other non-profit organizations that could not afford to make such high payments...