Word: tax-exempt
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...printed all your lists in the magazine. But at least give us the chance to hear out your TV critic instead of printing his list in microscopic type on the cover. Also, in "Top 10 Religion Stories," your writer neglected to mention that the Mormon Church could lose its tax-exempt status if it is found to have substantively influenced legislation in its efforts to ratify California's Proposition 8, banning same-sex marriage. Jeff Sinclair, San Francisco...
...Harvard, pays $4.6 million—over half of the city’s $8.1 million collected from higher education PILOTs. The city collects $32.4 million annually from PILOTs—a small sum compared to the estimated $350 million that Boston would receive if non-profits were not tax-exempt...
...first address at commencement, the University’s most symbolically significant ceremony of the year. The historian chose in this historical moment not to make an abstract address about the location of Harvard and its students in the world, but instead to present a political case for the tax-exempt status of the endowment. It was, all told, an eloquent and well-argued speech, drawing a clever equivalence between the strength of our ledger books and the munificence of our deeds. But in choosing to dedicate her speech to warding off the specter of taxation, President Faust betrayed...
...University will also convert existing short-term tax-exempt debt into bonds with longer maturities, allowing the University to postpone short-term payments to debt holders and retain a larger financial cushion to the volatility in the credit markets...
...This California contingent’s program of challenging tax-exempt institutions that visibly backed Proposition 8—including Mormon, Catholic and Orthodox Jewish religious organizations and groups like the Knights of Columbus—is a deserved one; these institutions have a responsibility not to lobby and fundraise substantially for any political cause, let alone the dubious one in question...