Word: tax-exempt
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Last week, as a result of a long fight by Pennsylvania's attorney general, the trustees of the tax-exempt Barnes Foundation finally relented-though not too much. If all goes according to plan, the collection will be open to a maximum of 200 people a day two times a week on a first-come first-served basis. And the foundation's unlisted telephone number must now be put in the book...
Last year, Campbell co-sponsored a bill to levy a payment equivalent to 99 years property taxes on any tax-exempt institution that might purchase the yards. The bill died in the Ways and Means Committee...
Unwanted Publicity. Last week Kaminsky and Bennett were allowed to fly home. In marked contrast to the Powers case, Washington authorities refused all comment, insisted that the two were bona fide tourists. Though the Northcraft Foundation is not on the list of some 12,000 tax-exempt foundations recognized by the Internal Revenue Service, the State Department blandly insisted that it is an organization giving scholarships to worthy students for foreign travel, referred further queries to the foundation's Philadelphia Lawyer Alex Adelman. Adelman in turn explained that he was only the agent for a group of unnamable "Midwest...
...family of the junior Senator from Massachusetts has reached out and attempted to pluck this project away from the U.S. Government," Scott rumbled. "At this moment, they appear to have been successful." He hinted at a possible investigation of "the questionable uses to which a supposedly charitable, tax-exempt money...
...counter the argument, Reynolds noted that the University would construct taxable facilities on the yards, in addition to the tax-exempt Houses...