Word: tax-exempt
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This cap has made it virtually impossible for Harvard to issue tax-exempt bonds to help fund the construction of buildings, according to Harvard's Director for Governmental Relations Nan F. Nixon, who lobbies in Washington...
...addition, the National Association hopes to remove a clause in the sweeping 1986 tax act that calls for a $150 million cap on tax-exempt financing for private universities' buildings and equipment...
...What it has done is it has knocked two dozen private institutions out of tax-exempt financing," says Nixon, whose chief areas of concern for Harvard are taxation and student aid. Harvard is "out of the market" and "significantly" over the cap, Nixon adds...
...church organization feed more than 500 people at Thanksgiving; they hope to double that number this year. Their computerized data base has about 900 potential donors (half of them lawyers) of food, clothing, toys and money. In fact, the 15-year-old group is so formalized that it has tax-exempt status and a 15-page booklet to explain the group's goals to new members...
Harvard currently maintains several commercial properties that are earmarked for eventual conversion to tax-exempt academic use. While University officials say they would compensate the city for any revenue it might use as a result of such changes, skeptics say they want to see that policy set down in writing...