Word: tax-exempt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Besides battles over buildings, a frequent charge city residents make against Harvard is that the tax-exempt University doesn’t contribute its fair share to Cambridge’s coffers...
...past year, Harvard has expressed a willingness to offer more. Harvard pays $4.3 million each year for its taxable land—sites where Harvard owns commercial businesses—and also makes a voluntary payment in lieu of taxes (PILOT) of $1.7 million for the 189 acres of land it owns but uses for institutional, tax-exempt purposes...
Times are tough for cities, and voluntary payments by tax-exempt are creative solutions to surging deficits. Such organizations—and Harvard specifically—need to step up to the plate and help municipal governments in their time of need...
Boston Mayor Thomas M. Menino is entirely right when he calls for higher PILOT payments in these tough economic times. Similarly, city leaders in Washington D.C.—where Harvard owns the vast, tax-exempt Dumbarton Oaks in extremely affluent Georgetown—are considering the University as a potential source of revenue...
...private, tax-exempt, nonprofit organization, Harvard is required each year to make public its federal tax return, which includes compensation information, functional expenses and other such data...