Word: nonprofits
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Dates: during 2000-2009
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Michael J. Widmer, president of the Massachusetts Taypayers Foundation, a business-friendly research organization, said that the debate over taxation of large nonprofit institutions is a perennial local issue, but rarer on the state level...
...there is an ongoing discussion about whether nonprofit institutions, particularly large ones like Harvard, pay their fair share because they are tax exempt,” he said...
Widmer, who holds a PhD in economics from Harvard, said that he believes that nonprofit endowments should not be taxed. He said a tax could disincentivize alumni giving because donors may not want their donations to go to the state...
Following the proverb “Drop by drop you make a river,” a group of female undergrads is making a difference $30 by $30. The Circle of Women, a nonprofit organization founded by Harvard students, has started an initiative to get 30 women under 30 to donate $30 in 30 days—and to get each woman to recruit another 30 students to the cause. The money will go to the construction of a school for women in Afghanistan, where the female literacy rate is just 12 percent. “Our mission...
...such as the Food Bank for New York City or America's Second Harvest - could get up to $250 million in annual funding, up from $140 million a year. Advocates for low-income Americans say the bump is a response to demand: more and more people are depending on nonprofit distribution centers for food in today's sluggish economy...