Word: voluntaryism
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In January, Harvard reached a long-term deal with the city that will substantially increase the University’s annual voluntary payments, an agreement that was years in the making.
Last year Harvard paid the city $4.5 million for its taxable properties as well as a voluntary $1.7 million payment in lieu of taxes—(PILOT)—to compensate for its tax-exempt property.
The agreement with Harvard came a month after the city reached its first formal PILOT agreement with MIT. MIT increased its voluntary payment to $1.5 million with a 2.5 percent annual increase for the next 40 years. MIT also agreed to restrict the amount of its commercial property that can...
Following three weeks of testimony, emotional outbreaks, and the glare of Court TV cameras, then-26-year-old Pring-Wilson was convicted of voluntary manslaughter in early October for fatally stabbing Michael D. Colono, 18, during an altercation outside of a pizzeria on Western Avenue.
And while the size of Harvard’s nest egg may present a plethora of investment challenges, one thing is certain, according to Ann E. Kaplan, who is director of the Voluntary Support of Education Survey at the Council for the Aid to Education.