Press Releases and Coverage

News Coverage Jolyon Thomas News Coverage Jolyon Thomas

Penn’s $100 million pledge has a backstory

Activist leaders on campus and across the city have called for a donation like this for a long time. They want Penn to pay payments in lieu of taxes, known as PILOTs, calling foul on the regulations that allow a nonprofit that owns $3.2 billion in city real estate to skip property taxes. Like the tax dollars contributed by other property owners in the city, their payments could towards public schools and infrastructure, these critics say.

Read More