Word: tax-exempt
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These initiatives hardly seem unreasonable in light of what Harvard gives its already privileged neighbors: money. Lots of money. Though Harvard is a tax-exempt non-profit, it rakes in a truckload of money in the form of tourism, which in turn feeds the local economy. And then there are the subsidies. Take a look at the millions and millions that Harvard will be shelling out to the Agassiz neighborhood (near the law school) for special projects over the next few years. According to census data, this pristine wilderness already has the second highest household income of all of Cambridge?...
These initiatives hardly seem unreasonable in light of what Harvard gives its already privileged neighbors: money. Lots of money. Though Harvard is a tax-exempt non-profit, it rakes in a truckload of money in the form of tourism, which in turn feeds the local economy. And then there are the subsidies. Take a look at the millions and millions that Harvard will be shelling out to the Agassiz neighborhood (near the law school) for special projects over the next few years. According to census data, this pristine wilderness already has the second highest household income of all of Cambridge?...
Slavitt ridiculed this plan, noting that Harvard’s tax-exempt status is written into the Massachusetts State Constitution...
Slavitt ridiculed this plan, noting that Harvard’s tax-exempt status is written into the Massachusetts State Constitution...
Although the deadline for moving the student group accounts to HUECU is Oct. 25, both Kidd and McLoughlin said that many of the groups have already made the switch—including some groups for which the switch is optional. These groups have their own 501c3 tax-exempt status, which means they are an independent nonprofit organization...