Word: shelterer
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Dates: during 1980-1989
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...months, a church off Kennedy St has taken in 20 homeless people a night, giving them food, showers, and a bed. But Sunday night, that will end, as the shelter's temporary permit expires...
...West at the offices of Treasure Salvors Inc., the outfit that found the hoard on the ocean bottom. Three years ago, the investors, ranging from a California brain surgeon to a Florida auto dealer, paid $20,000 for each of the 35 units in a unique tax-shelter limited partnership. The deal was the brainstorm of an ebullient New Jersey tax-shelter specialist, Jerry Burke, 50. The money entitled the investors-partners to 17.5% of anything recovered during 1980 from the Spanish galleon Santa Margarita. That ship and a sister ship, the Atocha, both carrying New World treasure to Spain...
...said to Mel, 'Hey, you're doing it all wrong,' " recalls Burke. He proposed organizing the tax-shelter partnerships for each year's work on every salvage site, loosely fashioned after oil-exploration tax shelters. So successful was Burke in attracting investors in 1980 and 1981 that his firm, Underbill Associates, is now trying to register a $12 million tax shelter with the Securities and Exchange Commission so that it can be sold publicly. That money would go toward six new expeditions Fisher has in mind, as well as for further exploring at the sites...
...nothing more is found-and assuming the IRS does not challenge the concept-most of the investment can be written off as expenses, as it is in unsuccessful oil-exploration partnerships devised to shelter income from taxes. If treasure is recovered, profits from the sale could be taxed at the capital-gains rate, currently a maximum of only 20%. If the finds are donated to a museum, the full appraised value is deductible. Of the 1980 Margarita partnership, Burke says, "I tell my investors they've made four or five times their money...
...slow to learn, Tzili is neglected and abused by her large, impoverished Jewish family. In infancy she is left alone to play in the dirt outdoors. In childhood she becomes the butt of her Christian schoolmates. As the Nazis approach, Tzili is abandoned by her parents. She seeks shelter among the peasants in the district, claiming to be the daughter of the local Gentile whore. But if she is spared deportation as a Jew, she is execrated as one of the devil's brood. "The peasants drove her mercilessly. She cleaned the cow shed ... brought firewood from the forest...