{"id":35,"date":"2010-02-05T15:42:20","date_gmt":"2010-02-05T20:42:20","guid":{"rendered":"https:\/\/www.bu.edu\/community\/?page_id=35"},"modified":"2010-02-05T15:42:20","modified_gmt":"2010-02-05T20:42:20","slug":"making-a-financial-difference","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/community\/how-we-make-a-difference\/making-a-financial-difference\/","title":{"rendered":"Making a Financial Difference"},"content":{"rendered":"

As a not-for-profit institution, the University is exempt from paying taxes. But we voluntarily pay millions of dollars.<\/h2>\n

We feel it\u2019s incumbent upon us to contribute as generously as possible to bettering the place where we have thrived for over a century. To this end, we\u2019ve instituted a voluntary Payment-in-Lieu-of-Taxes agreement with the City of Boston. Last fiscal year, we voluntarily contributed $4.66 million and paid an additional $4.02 million in real estate taxes. We also launched an initiative to provide a number of additional benefits and payments which included $533,000 to the city in fees.<\/p>\n

Our sense of civic duty extends to Brookline, where we made payments last year of $265,000, and $1.9 million in real estate taxes. In fact, despite our nonprofit status, we are Brookline\u2019s top taxpayer, contributing as much as we can to improving the quality of life for our nearest neighbors.<\/p>\n

Boston University Total Employment in Massachusetts<\/h3>\n

\"map\"<\/p>\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nCommonwealth of MA <\/strong><\/td>\nBoston Met. Area<\/strong><\/td>\nCity of Boston<\/strong><\/td>\n<\/tr>\n
Faculty and Staff<\/td>\n11,416<\/td>\n10,938<\/td>\n2,997<\/td>\n<\/tr>\n
Casual Employees<\/td>\n2,075<\/td>\n1,950<\/td>\n645<\/td>\n<\/tr>\n
Student Employees<\/td>\n10,987<\/td>\n10,987<\/td>\n8,644<\/td>\n<\/tr>\n
Subsidiary Employees<\/td>\n1,350<\/td>\n1,222<\/td>\n668<\/td>\n<\/tr>\n
Total Direct Employment<\/td>\n25,828<\/td>\n25,097<\/td>\n12,954<\/td>\n<\/tr>\n
Indirect Employment<\/td>\n17,981<\/td>\n14,626<\/td>\n1,624<\/td>\n<\/tr>\n
Total Employment<\/strong><\/td>\n43,809<\/td>\n39,723<\/td>\n14,578<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

MAKING A DIFFERENCE IN MASSACHUSETTS<\/h3>\n

Overview of Boston University\u2019s FY-2008 Economic Impact<\/h4>\n\n\n\n\n\n\n\n
<\/td>\nCity of Boston <\/strong><\/td>\nMetropolitan Boston<\/strong><\/td>\nMassachusetts<\/strong><\/td>\n<\/tr>\n
Boston University\u2019s direct spending for employee salaries and benefits and the purchase of goods
\nand services<\/td>\n		$486,415,452<\/td>\n$1,275,009,208<\/td>\n$1,339,897,856<\/td>\n<\/tr>\n
Direct spending by Boston University students and their out-of-state visitors<\/td>\n$248,876,822<\/td>\n$378,294,592<\/td>\n$383,886,085<\/td>\n<\/tr>\n
Additional spending created by Boston University\u2019s spending and the spending by Boston University
\nstudents and their out-of-state visitors<\/td>\n		$428,673,017<\/td>\n$1,823,423,719<\/td>\n$2,129,867,653<\/td>\n<\/tr>\n
Total Economic Impact <\/strong><\/td>\n$1,163,965,291<\/strong><\/td>\n$3,476,727,519 <\/strong><\/td>\n$3,853,651,594<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"20070724_354_MG_7882\"<\/p>\n","protected":false},"excerpt":{"rendered":"

As a not-for-profit institution, the University is exempt from paying taxes. But we voluntarily pay millions of dollars. We feel it\u2019s incumbent upon us to contribute as generously as possible to bettering the place where we have thrived for over a century. To this end, we\u2019ve instituted a voluntary Payment-in-Lieu-of-Taxes agreement with the City of […]<\/p>\n","protected":false},"author":1251,"featured_media":0,"parent":17,"menu_order":6,"comment_status":"closed","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/pages\/35"}],"collection":[{"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/users\/1251"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/comments?post=35"}],"version-history":[{"count":1,"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/pages\/35\/revisions"}],"predecessor-version":[{"id":36,"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/pages\/35\/revisions\/36"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/pages\/17"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/community\/wp-json\/wp\/v2\/media?parent=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}