Word: for-profit
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...difference concerns taxes. As a nonprofit, Harvard receives tax exemptions, deductions, and privileges that for-profit institutions must forgo. For example, besides innovative investing techniques, Harvard was able to build its endowment from $4.7 billion in 1990 to $37 billion in 2008 because it did not pay taxes on those gains. Relative to businesses, the federal government is subsidizing Harvard’s investment fund...
...million state-of-the-art private prison, capable of holding 464 inmates. Convinced that the facility would provide employment for more than 100 people and a steady source of municipal income, Hardin and a neighboring town issued revenue bonds to finance its construction and turned it over to a for-profit prison-management corporation. On a 40-acre (16 hectare) field at the edge of town where pronghorn antelope once grazed, they built it. But nobody came...
...Meanwhile, Schulkin is focusing on a for-profit Carrotmob spinoff called Virgance, which starts up and acquires small organizations that offer collaborative market solutions to social and environmental challenges. One of the first fruits of the effort is 1BOG, a community-based program that organizes residents locally to negotiate group discounts from companies that install solar-energy panels. Says Schulkin: "What's good for activism is also good for business." Carrots are looking greener every...
...lead to a vicious circle of self-perpetuating cutbacks unless the government steps in to buttress demand. Under this logic, any actor claiming to act in the public interest (including but not limited to the government) ought to buy more goods (and labor) in a recession than a for-profit corporation under comparable constraints in order to maintain employment and demand levels...
...student who had already known Shah for some time and is now acting as his mentor.However, Nagaraj does say that the Web site may change direction. “What Jason and I have been struggling with is, should this remain a social enterprise or should it become a for-profit enterprise?” he says. Although this decision is yet to be made, the current focus is to make small changes such as improving the site’s visual layout. Nonetheless, Shah’s mentors seem impressed with his current success, and it is likely that...