Meanwhile on Capitol Hill - the Fraternity lobby is pushing for a tax break for building and restoring greek housing. Further, there is resistance to a federal anti-hazing measure.
Fraternities Lobby for Tax Break Without Hazing Penalties - Bloomberg:
About 40 percent of U.S. senators, and 25 percent of U.S. representatives, belonged to fraternities or sororities in college. On April 24, more than a dozen of these grateful alumni extolled Greek life at an annual $500-a-plate dinner in a Washington hotel ballroom for “FratPAC,” the industry’s political arm.
One by one, they took the podium and praised fraternities for teaching them loyalty, leadership, and practical skills.
Many of the legislators also pledged support for FratPAC’s pet legislation: a multi-million-dollar tax break to let fraternities and sororities use charitable donations to renovate and help build chapter houses.
“This time, we think we can get it done,” said Ohio Republican Steve Stivers, a Delta Upsilon alumnus, adding, “We need more Greeks in Congress.”
While fraternities used to limit their political activity to fending off potential threats, they’re “playing offense today” by promoting initiatives such as the tax break, FratPAC and two companion groups told fraternity leaders in a Jan. 10, 2011, memo.
Besides pushing the tax bill, FratPAC, as the Fraternity and Sorority Political Action Committee calls itself on its Twitter page, has helped dissuade U.S. Representative Frederica Wilson from filing federal anti-hazing legislation. Wilson, a Democrat, is co-sponsoring the tax proposal with six senators and more than 50 other representatives.
Hazing Death
Debbie Smith, whose 21-year-old son died in 2005 from heart failure and seizures after a hazing ritual, is “dumbfounded” by the industry’s lobbying for a tax break and against national hazing penalties, she said.
Smith’s son, Matthew Carrington, collapsed after being forced to do pushups in raw sewage while fans blasted cold air on him in a basement at Chi Tau fraternity at California State University in Chico. After his death, her advocacy spurred the California legislature to enact “Matt’s Law,” toughening hazing penalties.
“Why do fraternities need government help?” Smith asked. “They want to build more houses for hazing? I don’t think so. They need to learn safety first.”
Fraternities’ Comeback
Attracting undergraduates with aggressive recruiting and the prospect of jobs at Wall Street firms and other fields dominated by Greek alumni, fraternities are making a comeback on college campuses.
Meanwhile the toll from hazing and binge drinking is mounting. The 101 fraternities and sororities in the industry’s trade groups had 630,052 members in 2012, up 25 percent from 503,875 in 2007. Since 2005, 59 students have died in incidents involving fraternities, about half of them alcohol-related, according to data compiled by Bloomberg. Ten students died in 2012, the most fatalities in at least a decade.
A 1996 fraternity house fire at the University of North Carolina that killed five students spurred the industry’s drive for the tax break. They decided that they needed a federal law to let them tap funds in their charitable foundations to outfit chapter houses with fire sprinklers. About half of all fraternity houses lack sprinklers, according to an internal industry memorandum reviewed by Bloomberg News.
In 2003, the tax bill passed the House. Two years later, fraternities and sororities established FratPAC, which has contributed $818,000 to political campaigns, primarily to Republicans. It has made some of its largest contributions to key backers of its tax initiative, and to members of the House Ways and Means committee, where the bill is pending.
Link to full story on Bloomberg:
Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts
Thursday, July 25, 2013
Fraternities Lobby for Tax Break Without Hazing Penalties - Bloomberg
Sunday, February 08, 2009
Stimulus: Billions to colleges and students
Stimulus, Schimulus, what's in it for me? As a hard working middle-aged white guy who got a mortgage I could afford and has a bit saved up in a 401-K (though not as much as last year) - not much. But my kids, who are in college now, and many of the SigEps reading this blog may have a chance at some stimulus largess...
WHO GETS WHAT: Billions to colleges and students - Yahoo! News
The stimulus plan emerging in Washington could offer an unprecedented, multibillion-dollar boost in financial help for college students trying to pursue a degree while they ride out the recession.There is more, including the disclaimers about what is getting cut, but lets hope those idiots in Washington stumble over each other and get it right, this time. Maybe there is even hope for the bill authorizing tax deductions for fraternity house building and renovation contributions.
It could also hand out billions to the states to kick-start idled campus construction projects and help prevent tuition increases at a time when families can least afford them.
[...]
"We're ready to go, there's great jobs involved, and we're educating kids who wouldn't have other opportunities if we weren't there," Chuck Middleton, president of Roosevelt University in downtown Chicago, said Sunday. His university has a $135 million new building with classrooms, labs, dorms and offices on hold after financing dried up. Construction could be under way in six months, he says, providing 600 jobs for two years while helping Roosevelt's diverse student body.
Also helping students, the House and Senate both call for expanding the Hope tuition tax credit from $1,800 to $2,500 and making it partly refundable. Now, almost half of families with children pay no income tax, so the current tuition tax-credit system doesn't help them (the full benefit kicks in for families earning at least $43,000).
WHO GETS WHAT: Billions to colleges and students - Yahoo! News
Sunday, October 28, 2007
Time for United Way - SigEp Style
This is the time of year that companies have their United Way Campaign drives. The United way helps people through local and national agencies, but did you know you can contribute to the SigEp Educational Foundation through the United Way?
This post from last year shows exactly how to do it. Here is an excerpt:
This post from last year shows exactly how to do it. Here is an excerpt:
Of Course United Way contributions are tax deductible "to the extent provided by law," and you should check with your tax guy to be certain.
The most efficient way to designate a gift to the Sigma Phi Epsilon Educational Foundation through the United Way is to designate it this way:
Sigma Phi Epsilon Educational Foundation
310 S. Boulevard
Richmond, VA 23220
Federal Tax ID: 54-6053821
The Federal Tax Identification number will be recognized and searchable nationwide.
Also, some specific local campaigns may not allow a designation to SigEp, but everyone should make the effort to ask.
This is a great way to contribute, especially for regular United Way contributors.
The Sigma Phi Epsilon is proud to be one of the numerous organizations working with and benefiting from efforts of the United Way.
Doug
Doug Scheibe, Executive Director
Sigma Phi Epsilon Educational Foundation
Posted by
Wordjunky
at
4:12 PM
Time for United Way - SigEp Style
2007-10-28T16:12:00-05:00
Wordjunky
Charity|Education Foundation|Taxes|United Way|
Comments
Monday, August 20, 2007
Baker University Frats Fail To Pay Tax Bills
Baker fraternities behind on taxes
By Jonathan Kealing
Two Baker University fraternities are on a Douglas County list of individuals and organizations that are delinquent on their 2007 property taxes.
Delta Tau Delta and Sigma Phi Epsilon still must pay half of their 2007 taxes, in the amount of $2,691.06 for Delta Tau Delta and $3,215.12 for Sigma Phi Epsilon. This is the first time that Delta Tau Delta has been delinquent, according to the Douglas County Treasurer’s office. But Sigma Phi Epsilon has been late paying its taxes each year since 2003, said Stacy Kurtz, director of taxation and accounting.
While the public notice of delinquent taxes warns that any property listed could be sold at auction as soon as September, even when the property is worth far more than the past-due taxes, the reality is it takes years of nonpayment before the county takes such action, said County Treasurer Paula Gilchrist.
“It’s at least three years before we start tax-foreclosure proceedings,” Gilchrist said. “Typically it comes down to notification.”
Gilchrist also said that, if it does come to foreclosure, “the amount that’s due is superfluous.” Even a bill in the thousands could mean a property will be sold. Gilchrist said it’s not uncommon for auctions to actually raise less than the tax bill, let alone the value of the property.
All fraternities and sororities at Kansas University are paid in full.
When reached this week, Bob Andrews, chapter adviser for Delta Tau Delta, said he was aware that there were some back taxes but not the extent. When told the amount, he indicated he expected the fraternity could pay them off virtually immediately.
“That’s not bad at all,” he said of the $2,600 his chapter owes. “I’ve seen a lot worse as an attorney. I think we should be able to get that straight. I think we’ve got the money to pay it.”
Andrews said there have been some problems with the fraternity, and the national office has appointed him to get things straightened out. Andrews did not specify what sort of problems the fraternity had been having.
As for Sigma Phi Epsilon, Kurtz said that the fraternity has a history of paying taxes late. It paid its 2003 taxes in July 2004, when the final amount was due in May. It paid the 2004 taxes in November 2005, when they were due in December 2004. The 2005 taxes, which were due in May 2006, were not paid until November of that year.
Kurtz said the county has no contact for Sigma Phi Epsilon and messages left by the Journal-World with the chapter adviser on file with Baker University, Tyler McLenon, as well as with the bookkeeper listed on the fraternity’s 2006 federal tax return, Scott Hughes, were not returned.
By Jonathan Kealing
Two Baker University fraternities are on a Douglas County list of individuals and organizations that are delinquent on their 2007 property taxes.
Delta Tau Delta and Sigma Phi Epsilon still must pay half of their 2007 taxes, in the amount of $2,691.06 for Delta Tau Delta and $3,215.12 for Sigma Phi Epsilon. This is the first time that Delta Tau Delta has been delinquent, according to the Douglas County Treasurer’s office. But Sigma Phi Epsilon has been late paying its taxes each year since 2003, said Stacy Kurtz, director of taxation and accounting.
While the public notice of delinquent taxes warns that any property listed could be sold at auction as soon as September, even when the property is worth far more than the past-due taxes, the reality is it takes years of nonpayment before the county takes such action, said County Treasurer Paula Gilchrist.
“It’s at least three years before we start tax-foreclosure proceedings,” Gilchrist said. “Typically it comes down to notification.”
Gilchrist also said that, if it does come to foreclosure, “the amount that’s due is superfluous.” Even a bill in the thousands could mean a property will be sold. Gilchrist said it’s not uncommon for auctions to actually raise less than the tax bill, let alone the value of the property.
All fraternities and sororities at Kansas University are paid in full.
When reached this week, Bob Andrews, chapter adviser for Delta Tau Delta, said he was aware that there were some back taxes but not the extent. When told the amount, he indicated he expected the fraternity could pay them off virtually immediately.
“That’s not bad at all,” he said of the $2,600 his chapter owes. “I’ve seen a lot worse as an attorney. I think we should be able to get that straight. I think we’ve got the money to pay it.”
Andrews said there have been some problems with the fraternity, and the national office has appointed him to get things straightened out. Andrews did not specify what sort of problems the fraternity had been having.
As for Sigma Phi Epsilon, Kurtz said that the fraternity has a history of paying taxes late. It paid its 2003 taxes in July 2004, when the final amount was due in May. It paid the 2004 taxes in November 2005, when they were due in December 2004. The 2005 taxes, which were due in May 2006, were not paid until November of that year.
Kurtz said the county has no contact for Sigma Phi Epsilon and messages left by the Journal-World with the chapter adviser on file with Baker University, Tyler McLenon, as well as with the bookkeeper listed on the fraternity’s 2006 federal tax return, Scott Hughes, were not returned.
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