Word: non-profit
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...alleged loan-modification scam artists on behalf of scores if not hundreds of people, most of them facing foreclosure, who claim they paid upfront fees as high as $3,000 to have their mortgage terms improved so they could keep their homes. The suit alleges those services, which numerous non-profit organizations will do for free in tandem with lenders, were never delivered. (Read "Despite the Crash in Prices, Affordable Housing Still Lacking...
...Cambridge Public School Committee unanimously approved the district’s $133.6 million budget last night, rejecting a late motion to restore cut funds to three educational programs run by outside non-profit organizations. The motion, which had been postponed from the Mar. 24 budget discussion, drew sharp disapproval from Mayor E. Denise Simmons, who said passing the proposal now would upset the already balanced budget. “I am extraordinarily disappointed that this is before us,” she said. “I cannot say that more emphatically. It has a budget impact that will...
Since 1991, the Citizens Against Government Waste, a non-partisan, non-profit group in Washington D.C., has been publishing an annual list of pork-barrel projects in an effort to shame politicians into curbing their earmark requests. It hasn't worked. This year's Pig Book outlines $19.6 billion in pork barrel projects that will fund more than 10,000 projects in the 2009 fiscal year. (The dollar amount is 14% higher than the previous year, although the raw number of projects dropped 12.5%.) The thing about earmarks is that they make a politician popular at home, but unpopular...
...example set by similarly-affected universities like BU and MIT. He said these universities have acted responsibly in postponing layoffs and offering modest increases in salary to low-wage workers while cutting wages for the highest paid workers. “The bottom line is that Harvard is a non-profit subsidized by taxpayers and we expect a higher level of responsibility from them,” Langley said. “The message they are sending to workers on the bottom of the food chain is that they are surplus and not central to the educational mission...
...average salary of a full professor at Harvard in 2006 was $165,149. Summers served as president at Harvard through fiscal year 2006, when he earned $610,556 in compensation and benefits and received nearly $100,000 in his expense account, according to publicly available tax information required from non-profit institutions. Under the terms of his resignation, he then received $610,586 in paid sabbatical for the following year, as well as over $143,000 for moving expenses, loan interest subsidies, and other allowances. According to Summers’ Web site at the Harvard Kennedy School, he writes...