Word: exemption
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Dates: during 1950-1959
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Speaking to a joint meeting of four service clubs, Pusey said that although educational institutions are tax exempt, Harvard stands fifth on the 1958 Cambridge tax rolls with a payment of nearly...
Defending the tax-exempt status of educational institutions, Pusey said this status is a "recognition of the need for colleges and universities in our state and nation--a public need." He pointed out that if Harvard had not been left to private support, the burden of providing such facilities would have fallen on the state, and Cambridge taxpayers would have carried a share of this burden...
Amherst's John Estey, an assistant dean who has written in The Nation on this subject, proposes a third solution, combining the philosophy of universal service with the practical realization that intelligent people can serve in non-military ways. Estey would exempt college students who can find teaching jobs and are willing to serve in them for a period of three years or so. This plan proposes to solve both the educational shortage and manpower surplus problems of the nation, as well as making the individual aware of and at least somewhat enthusiastic about his public duty. It makes...
Administration officials saw little chance last night that Harvard would make use of the "Pomona Plan," a scheme offering a tax-exempt life income plan to persons giving donation to a university...
Under the terms of the plan, an upper-bracket taxpayer can give a college securities, which are then re-invested in tax-exempt municipal bonds. The donor collects income from these bonds during his lifetime, with the principal going to the college on his death...