Word: non-profit
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...repeals a 1986 law which capped at $150 million the amount of tax-exempt bonds non-profit, private institutions could issue. If institutions needed to issue more than that limit, they had to issue taxable bonds-which meant they paid on average an extra 2 percentage points in interest. (Purchasers of taxable bonds must pay income tax on their earnings, hence universities issuing bonds must pay a premium...
Because the cap affected all private, non-profit institutions, an assortment of organizations joined with Harvard to push for the law including the American Red Cross, the Volunteers of America and the American Museum of Natural History...
...first person to serve as COO, Kenneth G. Smith, stepped down May 4, 1997, to lead a Boston non-profit organization...
...Dean of the College Harry R. Lewis'68 began to restructure public service at Harvard. With the controversial departure of the popular executive director of PBHA, Greg A. Johnson '72, and the creation of the position of assistant dean for public service, the problems between the administration and the non-profit corporation grew...
...first person to serve as COO, Kenneth G. Smith, stepped down May 4, 1997, to lead a Boston non-profit organization...