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The Yale Club in New York is supposed to be a posh haven in the city for alumni of the respected Ivy League. Instead, complain some members, the club is being overrun by outsiders and worst of all many of these outsiders come from the Bronx.
The New York Post is reporting that lately the club has hosted a rash of weddings and one member insists the weddings primarily seem to involve people from the Bronx. Clearly, this is unacceptable. Furthermore, there have been so many nonmembers using the club that members have trouble getting rooms, using the gym or swimming. Not without having to run into these Bronxites outsiders.
This boom may not be good for the old Yalies but it is good for business… except that now the IRS is involved:
At the heart of the probe is an IRS requirement that the club reserve 70 percent of its 138 guest rooms for members in order to maintain its tax-exempt status, said the member. He says it is not doing so.
An IRS spokesman yesterday refused to say whether the agency was investigating.
According to the club's most recent tax filings, gross revenues for "public use of the club facilities" skyrocketed from $4.2 million in 2004 to almost $5.4 million two years later.
Uh oh, shit’s going down at the Yale Club. Harvard would never allow such riffraff and scandal.







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