But unlike the Gates Foundation, Harvard isn't legally required to spend 5percentt of its endowment every year.
Starting with assets of $120 million, the fund was legally required to spend only $6 million a year, Mr. Roberts said.
She has two hundred and seventy students, each of whom she is legally required to spend forty-five minutes a day with.
That is, it would be fulfilling the city's legally required mandate to spend on affordable housing, and funding a project that's good for the neighborhood.
Among them: James said that the foundation's board, which was legally required to oversee the charity's spending, had not met since 1999.
"The union is not only legal, it's legally required," he said he told fellow workers.
Because those authorized to give and spend unlimited amounts were legally required to remain independent of the politicians themselves, Kennedy reasoned, there was no cause for concern.
The corporation is legally required to fund certain community benefits as part of its ongoing expansion project, and activists have spent months pressuring the company to make substantial investments.
In the 2012 election, nonprofits that were not legally required to disclose their donors, commonly known as "dark money" groups, reported in excess of $300 million in political spending to the Federal Election Commission.
In her legally required annual report to Congress, the national taxpayer advocate, Nina E. Olson, estimated that individuals and businesses spend about 6.1 billion hours a year complying with tax-filing requirements.
Health Information Systems (HIS) are legally required to adhere to these policies.
