Word: funded
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Dates: during 1960-1969
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...that aspired both to re-examine the movement's range and, by implication, to plead for more space to make a permanent shrine for this radical movement that first established U.S. leadership in the world of art. In a reproachful sentence intended to inspire donations to its building fund, the museum's press releases note that all the works belong to the museum or have been promised to it, but have mostly not been displayed for lack of space...
...when a loan company sought to begin recovery of a debt from Christine Sniadach of Milwaukee by taking $31.59 from her $65 weekly pay, she ap pealed to the NAACP Legal Defense and Educational Fund for help. Wisconsin's garnishment statute, similar to those in 16 other states, allows a creditor to tie up as much as 50% of a salary earner's wages even before a debt has been proved. Often, far more than a weekly bite is involved; the U.S. Department of Labor estimates that employers fire between 100,000 and 300,000 workers each year...
...orchestras have been forced to dip into endowments to survive. In the past five years, the Chicago Symphony has had to dip into its endowment so regularly that it has shrunk from $6,200,000 to $1,000,000. In Cleveland, the orchestra is about to tap its endowment fund for $600,000 to help meet a 1968-69 deficit of $1,100,000. If the same thing happens next year, says Orchestra President Alfred M. Rankin, the endowment fund will be wiped out, and the orchestra built by George Szell over the past 23 years into...
...Symphony, which now has a guaranteed minimum wage of $14,000 for 52 weeks of work a year: "The raise in salary levels we are now paying was long overdue." Instead, the concern of orchestra officials is about how to use their players throughout the 52-week working year. Fund Raiser Shaver likens the plight of the orchestra to that of "a manufacturer who had a market for 1,000,000 bolts, and as a result of the union contract was forced to turn out 2,000,000 bolts...
...Estate Tycoon O. L. Nelms. For more than a decade, Nelms has placed advertisements in the personal columns of local papers saying, "Thank you, Dallas, for helping O L. Nelms make another million." Now he has an even bigger and better idea: he is creating a $5,000,000 fund to provide huge public cocktail parties with free food and drink for anyone who wants to attend. By spending only the income Nelms can give several super swingers a year from now till the end of time. "This would be a real nice way to be remembered," he says...