University Presidents’ Housing Highlighted by New Form 990
In a city where higher education is a major part of the economy, it’s not surprising that today’s Boston Globe features an article about the value of university presidents’ housing as reported on the most recent Forms 990 for a group of Boston-area institutions. The article notes that the new form (specifically, Schedule J, although the article is not that specific) requires separate reporting of the value of employer-provided housing. The article goes on to quote various realtors who question the market value of the housing reported by some of the universities, and at the end, delves into some of the other perqs and benefits listed in Schedule J, such as maid service, first class travel and club dues.
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