Word: tax-exempt
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...substantive act, the congress took the first step toward breaking N.S.A. into two corporate groups: one would retain N.S.A.'s tax-exempt status and carry out its present "educational" functions; the other would pay taxes and remain free to engage in open lobbying for legislation approved by N.S.A.'s annual congress. But the more significant message of the meeting was its renewed evidence that campus disorders will probably increase rather than abate in the coming school year. As outgoing President Schwartz sees it, the more moderate students are so discouraged that they may drop out of student movements...
...Thoreau or Robinson Jeffers--its "Exhibit Format" books and paperbacks are selling quickly. Brower has edited most of them. The Coop can't keep Sierra Club posters in stock. The Club counts a growing number of allies in Congress. And since a run-in with Internal Revenue over its tax-exempt status, its membership has been growing by almost 1000 a month, "probably." Brower says, "because anyone who gets in trouble with the tax men finds he has a lot of friends...
...Since the Stadium is tax-exempt, we won't use it for profit," Whitlock explained, "and the Corporation prefers not to have it used by groups not related to Harvard, but it has often been used for charity...
Venus Examined assumes that a small, sleazy charitable foundation attempts to grab status in the world of tax-exempt altruism by sponsoring a sex research project. The researcher is bent on filming the orgasm in its natural habitat, using live volunteers and, among other teaching aids, a camera-equipped mechanical phallus. Experiment places its research project, supplied with similar equipment, in a crummy Ohio college. Faculty wives are among the volunteers. Neither Robert Kyle nor Patrick Catling is a hopelessly bad writer, sentence by sentence, although Catling wins the nomination for the silliest line of the year (so far): "Camilla...
...success in the realm of political activity. The use of the word "political" to describe PBHA's purpose in the new constitution pleases members who are defensive about the House's lingering fruit-basket image, but it could also endanger PBHA's financial tie with the University and its tax-exempt status as a charitable and educational organization...