Word: subunits
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Dates: during 2000-2009
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...subunit of FAS—including undergraduate student groups—can open gift accounts that FAS administers. Alumni can make tax deductible donations directly to them, and the Harvard Management Company manages the funds as if they were part of the rest of Harvard’s endowment. For student groups, the accounts have the added benefit of providing donors with the security of knowing that the groups can only withdraw from the accounts for specific purposes. The gift tax is a levy on any withdrawal that an FAS subunit makes from its own gift account. Without prior notice...
Woodlock said yesterday that he was not inclined to allow Shleifer to make the distinction between being an employee of Harvard and being an employee of its subunit HIID. “That’s all really inside baseball for Harvard,” Woodlock said at one point and called the argument “a shell game” at another...
...don’t have the right subunit that goes with it,” says David L. Garbers, a professor at the University of Texas Southwestern Medical Center...