Sunday, March 05, 2006
VANDERBILT UNIVERSITY GETS OSCAR DONATIONS
The Tennessean has reported that this years Academy Awards gift bags are worth 100,000$ , and have been declared taxable income by the IRS. The taxes on the bags have been estamated at 45,000$ apiece.
Spokesman John Pavlik stated " Many celebrities , upon learning the bags were not free this year , have declined to accept them. " Pavlik continued " We were at a loss of what to do when Jerry mentioned that perhaps Vanderbilt could get some use out of them. "
When The Tennessean looked into the matter , it was found that Vanderbilt University is a for profit buisness entity with tax excempt status.
This would explain how Chancelor Gee can make 10,000,000$ a year and still get free housing , free Mercedes , free food , free travel , free hotels , free paychecks and free gifts.
When the question about Vanderbilt employees came up , Vanderbilt's Public Affairs Department said ," Vanderbilt employees are not directly connected to Vanderbilt University and therefore do not qualify under the tax exempt status. "
The Public Affairs Department had no further comment.
Spokesman John Pavlik stated " Many celebrities , upon learning the bags were not free this year , have declined to accept them. " Pavlik continued " We were at a loss of what to do when Jerry mentioned that perhaps Vanderbilt could get some use out of them. "
When The Tennessean looked into the matter , it was found that Vanderbilt University is a for profit buisness entity with tax excempt status.
This would explain how Chancelor Gee can make 10,000,000$ a year and still get free housing , free Mercedes , free food , free travel , free hotels , free paychecks and free gifts.
When the question about Vanderbilt employees came up , Vanderbilt's Public Affairs Department said ," Vanderbilt employees are not directly connected to Vanderbilt University and therefore do not qualify under the tax exempt status. "
The Public Affairs Department had no further comment.
