Word: tax-exempt
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Harvard owns 189 acres of land in Cambridge that it doesn’t pay taxes on. But even though the University maintains its tax-exempt status, it makes voluntary contributions on an annual basis...
Some University land is on the tax rolls, ownings for which Harvard pays $4.3 million a year. But the current PILOT contributions to Cambridge for the rest of its land—the 189 tax-exempt acres—stand at just $1.5 million...
According to Cambridge Mayor Michael A. Sullivan, the full taxable value of Harvard’s tax-exempt ownings totals $34 million—more than 20 times the amount of Harvard’s current PILOT agreement...
When the University purchased the 30-acre Arsenal plot a year and a half ago, the community’s outcry was harsh—but its alarm was justified. Because Harvard is a tax-exempt institution, Watertown would have lost millions of dollars in revenue when the Arsenal site was removed from the city’s tax rolls. That revenue accounted for almost 5 percent of Watertown’s entire budget, money Watertown had been counting on for library and school renovations among other projects...
...remarks, this juxtaposition constitutes an implicit and perhaps unintended attack on the intentions and integrity of HIS. The intent of the Nov. 2000 fundraiser was to aid humanitarian relief efforts in Palestine. In addition to Holy Land Foundation, which at the time was officially recognized as a tax-exempt charitable organization, several other groups were simultaneously considered, and ultimately the dinner’s proceeds were donated to the International Red Cross and Red Crescent Society. In short, the Harvard Islamic Society has never sought to raise funds “for organizations that were later found to support terrorism...