Tag Archives: iu foundation

An earlier version of this story stated the next meeting of the Monroe County Alcoholic Beverage Board was on June 3. It has since been corrected. Monroe County National Organization for Women Vice President Cathi Crabtree brought video and audio, allegedly capturing illegal activity at Kilroy’s on Kirkwood, before the Monroe County Alcoholic Beverage Board, yesterday morning. The three videos …

Co-Founder Jeff Mease speaks with WFHB News Director Wes Martin about One World Enterprises’ opening of a new banquet space in the historic Woolery Mill in Bloomington. Mease also updated listeners on upcoming renovations to Lennie’s, and the latest opening of Hive, near 10th and the Bypass. The 450-person One World at Woolery’s first event will be a charity fundraiser …

Indiana University alumni elected Donna Spears to the IU Board of Trustees. Election results were announced over the weekend. Spears received over 4 thousand votes out of nearly 14 thousand. Spears previously served as the National Chair of the IU Alumni Association’s Board of Managers. She also served on the IU Alumni Affairs Executive Council. Spears is one of three …

This retrospective edition of the Daily Local News highlights some of our best reporting from 2017. We’ll hear from IU Foundation President Dan Smith about the Foundation’s offshoring of millions of dollars in the Cayman Islands; we’ll listen to IU students, as they protest the visitation of White supremacist Charles Murray; and we’ll hear from Indiana Recovery Alliance Founder Chris …

The Indiana Department of Transportation is warning holiday-goers that road work and lane restrictions will still be in place along highway 37 during Thanksgiving. Project-based Science, Technology, Engineering, Arts and Math, or ‘STEAM’ curriculum continues to be a priority at the Richland Bean Blossom Community School Corporation. The Edgewood Junior High band, choir and dance teams are preparing for 2018 …

On November 8, The New York Times published an article about university foundations avoiding taxes on their endowments, many of which are in the billions of dollars, by investing in overseas corporations. The Indiana University Foundation was mentioned within the first sentence of the article. According to documents provided to the Times from a leak at a Bermudan law firm, …

University endowment earnings are usually tax-exempt. However, depending on the type of investment, even Universities can be required to pay federal taxes. Investing through so-called blocker corporations, which are established in no-tax or low-tax jurisdictions like the Cayman Islands literally blocks the University from having to pay taxes. IU and many other Universities utilize blocker corporations to maximize the return …