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The study, released last Friday, raised the concern that the universities with large investment portfolios engage in “indirect tax arbitrage” by selling low-cost, tax-exempt bonds to finance some expenditures instead of spending endowment funds invested in high-yield assets.

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Eyes Tax Exemptions | 5/5/2010 | See Source »

The report was requested in 2007 by Senator Charles E. Grassley (R–Iowa), who has made greater oversight of nonprofits a hallmark of his tenure on the Senate Finance Committee, of which he is currently the ranking member.

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Eyes Tax Exemptions | 5/5/2010 | See Source »

The University has over $6.5 billion in outstanding debt—though not all in the form of tax-exempt bonds—which it has used to finance capital projects such as Harvard Law School’s Northwest Corner Building, as well as to refinance other debt, according...

Author: By William N. White, CRIMSON STAFF WRITER | Title: Congress Eyes Tax Exemptions | 5/5/2010 | See Source »

Friday was the tentative deadline for departments to communicate funding requests to the FAS administration, according to a budget guidance letter that Leslie A. Kirwan ’79, the FAS dean of administration and finance, sent to unit administrators in early February.

Author: By Noah S. Rayman, CRIMSON STAFF WRITER | Title: New FAS Policy Reduces Deficits | 5/3/2010 | See Source »

According to Baldwin, lax campaign finance regulations have led to many of the problems that plague the American political arena. “I don’t want to see anyone who’s unqualified in office,” he said. “It always troubles...

Author: By Katherine M. Savarese, CONTRIBUTING WRITER | Title: Baldwin Draws Big Laughs at IOP | 4/29/2010 | See Source »

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