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[quote=Anonymous][quote=Anonymous][quote=Anonymous]... Every school has a mix and full pay families are needed more than ever now. It's just thatI don't think its so bad that we are going back to a solely private pay only system. I think privates probably gave that up for a better tax status years ago and can't ever go back on that.[/quote]

I'm confused.  So the private schools are roughly half diverse and half not and roughly half FA and half full paying?  And you'd like to see schools go to all full paying but the school's tax status prevents it from doing so?  Yeah, I have no idea what the point is.  [/quote]

I don't think PP's point about "trading for a better tax status" has any basis in fact.  All these schools are tax exempt simply because they are non-profits under the applicable tax regs.  See http://www.law.cornell.edu/wex/Non-profit_organizations and http://www.irs.gov/publications/p557/ch03.html . It does not matter at all how much (or how little) financial aid they choose to offer.

A few people have raised the argument many times before on DCUM that private schools should be denied tax-exempt status.  I think their argument has something to do with geography -- complaining that DC private schools are admitting too many MD & VA residents.  IMHO, it's a stupid argument.  But if you're interested, you certainly can find a dozen or more pages of discussion about it in the DCUM archives.[/quote]

Non-profit tax status means that at the end of the fiscal year your balance sheet cannot show a profit. A win/win way to do away with the profits from charging 30K per child is to "shelter it" with your FA, teacher salary,HoS salary, etc....Do you honestly think privates went "diverse" JUST to be nice and fair to everyone? It's good PR and it saves them millions in tax dollars . It was a neat accounting trick decades ago, now they count on the tax status in their budget. There is no turning back that clock.[/quote]

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