In the grand tradition of Leslie Berlowitz, ex-director of the American Academy of Arts and Sciences who paid herself almost six hundred thousand dollars a year (she also had a chauffeur) to sit in a mansion in the middle of a park (right across the street, by the way, from Les UDs’ Cambridge house) and oversee a teeny staff doing dainty things, trustees at Minnesota’s Bremer Foundation have also taken our tax money and over-amply rewarded themselves with it.
In 2004, the three trustees together received nearly $125,000. That figure has increased by nearly 10 times in 10 years… “These institutions get tremendously preferential tax treatment,” [Aaron Dorfman] said. “And because of the tax-exempt status they enjoy, the rest of us pay higher taxes and in effect subsidize nonprofit tax-exempt charitable foundations.”
UD sucks at reading charts, but this one is pretty hard to misread…
March 15th, 2015 at 11:06PM
[…] these sorts of obscenely greedy non-profit people/institutions are a perennial source of amusement at University Diaries, passionate as we are here about hypocrisy […]
June 17th, 2022 at 10:16AM
[…] 2004, the three trustees together received nearly $125,000. That figure has increased by nearly 10 times in 10 years… “These institutions get tremendously preferential tax treatment,” [Aaron Dorfman] said. […]