Word: dollarization
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...exempt sector includes not just soup kitchens and scholarship funds but also labor unions, hospitals, the NCAA--even Major League Baseball. "Today you see nonprofit holding companies," says Minnesota state attorney general Mike Hatch, who has aggressively pushed for better nonprofit governance. "We're dealing with multibillion-dollar enterprises, many times with no tie to the community...
...didn't actually have wooden teeth, and in his first military command--at age 22--he presided over a bloody disaster that helped kick off the French and Indian War. Handsome, burly, charismatic and enigmatic, Washington turns out to be nothing like the frozen, overfamiliar face on the dollar bill, and his life, which was in many ways a charmed one, makes for an engrossing and revelatory read...
Some call the nonprofit organization that holds the hands of million-dollar business entrepreneurs crazy, but Endeavor CEO and co-founder Linda Rottenberg says, "That's when you know you're on the right track." Endeavor's 236 entrepreneurs so far--from Latin America and most recently from South Africa--would agree. Endeavor's approach of "catalyzing entrepreneurship," by merging microcredit and private equity with consulting support networks, is part of a broad effort to foster entrepreneurship in the developing world. Endeavor and others hope the companies they nurture will serve as examples for others to follow. So far, Endeavor...
...time author and recent graduate of Cornell University, claims that he has consulted “the people who know best.” There is a system to be beat, so why shouldn’t Ivy Leaguers be the ones to reap the benefits of the million-dollar industry that has developed around the frenzy of college admissions? Prospective applicants might benefit from the book’s “key insights” on applying or they might not, but current students are not likely to find much...
...Keeping in mind that Harvard gave $150,000 for the Tsunami and $600,000 for Katrina, [our goal] is not that much,” Mir says. A sudden change in University policy this fall has made meeting that goal more challenging than expected. After matching student donations dollar for dollar during Tsunami and Hurricane Katrina relief efforts, Harvard revised its approach this October, just before the earthquake hit. Though the university has pledged substantial aid to student groups coordinating the relief efforts, it has not matched student gifts. Mir says she understands the administration’s situation, citing...