Wednesday, August 24, 2005

Los Angeles Business Journal Online

Los Angeles Business Journal Online: "Getty Keeps Tax-Exempt Status

The J. Paul Getty Trust has retained its tax-exempt status after a two-year audit by the Internal Revenue Service, the Bond Buyer newspaper reported.

The investigation, which covered compensation, grants and other expenditures at the trust, focused on $371 million in tax-exempt bonds issued by the California Infrastructure and Economic Development Bank on behalf of the non-profit trust."

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