In re the Corp. of Yaddo

The Corporation of Yaddo is a membership corporation. The certificate of incorporation provides that its purpose is “to maintain a residence and retreat for persons actually and usefully engaged in artistic and creative work.” It contains no other language descriptive of its purpose. The petitioner seeks exemption from taxation under the provisions of section 4, subdivision 7, of the Tax Law (as amd. by Laws of 1924, chap. 489) which provides that “ The real property of a corporation * * * organized exclusively for the moral or mental improvement of men or women, or for * :i: * benevolent, *…