Our Wealthiest Nonprofits’ role in the Future of Boston
Thursday, September 27 @ 7:00 pm - 9:00 pm
Join the JP Forum, Boston Ed Justice Alliance and the PILOT Action Group for this informative and important discussion on
how crucial it is to hold wealthy nonprofit institutions accountable to their communities for the betterment of the future of our city.
Please join us for a presentation by Enid Eckstein and Jonathan Rodrigues from the PILOT Action Group and BTU on the state of the city’s Payment in Lieu of Taxes Program and recommendations for a more inclusive and successful partnership between the City of Boston and nonprofit institutions. Large non-profits must pay their fair share. Following the presentation, participants will have a chance to share their stories and input on their priorities for the PILOT program.
Non-profits like large universities and hospitals do not have to pay property taxes. Starting in 2012, the City created the Payment In Lieu of Taxes (PILOT) program to set guidelines and request community benefits and cash payments to help cover essential city services. The PILOT agreement stipulated institutions should pay 25% of their if-taxable property taxes, but half (12.5%) could be deducted in community benefits.
7 years after the program started, the wealthiest nonprofits have neglected to pay over $77 million in cash PILOT contributions. Assessed property values for nonprofits are stuck at 2010 rates. And community benefit reporting is not timely, not fully transparent and many times not what our community truly needs. Lastly, the program lacks sufficient community and City Council input and oversight.
For more information and to read the full “Boston’s Payment in Lieu of Taxes: a Fair Deal for Boston Residents” go to bit.ly/PILOTactiongroup
Free and open to all.