Boston Globe Reports on University Presidents’ Housing Thanks to 990 Disclosures

The Boston Globe reports that Boston-area universities used a variety of methods to estimate the value of housing provided to their presidents and reported on their IRS Forms 900.  For example, some schools reported the fair market rental value of the entire house occupied by their president, while others only reported the rental value for the “private” portion of the house.  These differences lead to variations such as Boston University president Robert Brown having a reported benefit of $21,000 per month, based on the rental value for the entire house, while Harvard University reported a benefit of only $8,000 per month based on the “private” area of president Drew Faust’s residence, as compared to the estimated $12,000 per month rental value for the entire property.  The article also noted that Suffolk University does not provide university-owned housing to its president, David Sargent.

LHM