Word: tax-exempt
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...would provide a hearing to ferret out subversives on an institution's faculty. Defining subversives as members of all organizations on Attorney General's list, the bill gives institutions the option of losing their subversives or their charters. In the case of Harvard's non-revokable charter, tax-exempt status would be withdrawn...
...Attorney General's list) were on the faculty. If the investigating attorney found that they were communist or subversive, and the president of the institution refused to fire them, the charter could be revoked. If, as in the case of Harvard's charter, that grant is not revokable, tax-exempt status would be withdrawn...
...influencing the future. All the Pope's men are not to be counted merely within the living apostolate." But so far the church has failed to make sufficient appeal to the middle class, and this has handicapped it unduly in the U.S., despite "less Government opposition and more tax-exempt encouragement" than almost anywhere else...
...Ford Foundation, the independent philanthropic giant created by the Ford family, has long been anxious to sell at least 15% of its immense Ford stock holdings to diversify its investments. When the Government last week decided that the Foundation, as a tax-exempt organization, would not have to pay a 26% capital-gains tax on the sale, one of the last barriers to the stock sale was removed. However, the Foundation's 3,089,908 Ford shares (88% of all Ford stock) do not include voting shares, which are owned exclusively by the Ford family. Foundation trustees thought that...
...papers carried it the day Ike was stricken. Last week the Fund for the Republic decided Herblock was too hot to handle, canceled his TV show. Official reason: he is too political. By permitting him to take sides in political controversies, the Fund was afraid it might lose its tax-exempt status...