|
the catholic school i went to recently erected a full enclosed basketball court gym building (the school is K-8) there is no basketball court even needed.
However, what they did was phenomenal in regards to their loop holes.
They took out the loan for the building using donations right,...then applied a $255 fee (clearly marked on the tuition form) that is to "cover the debt and cost of new building" - its written clearly on tuition form.
so they borrowed with donations, then pay it off with a billed cost to students. no taxes...
im the only one sees something wrong here?
|