Word: funding
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...stayed on, Schuman admitted, he would have to devote considerably more of his energies to administration and fund raising. And with good reason: Lincoln Center is close to bankruptcy. The 1969 summer festival has been canceled, and the center has decided not to continue financing the prestigious but money-losing New York Film Festival. The center is so pinched for funds that it has even dropped its monthly news bulletin and journal...
...relationship with the center itself. On its own, the center has sponsored only the repertory theater-an esthetic as well as a financial disaster during most of its history-educational programs and special events such as the summer festivals, which have never shown a profit. Because of the vast fund-raising campaigns undertaken to create Lincoln Center, it has almost reached the exhaustion point in finding new sources of gift revenue. What the center needs now is a fiscal wizard rather than a gifted artist as its next president...
...ambitious $30 million fund-raising campaign that is now stretching its tentacles out to Radcliffe alumnae is at least half-right in its approach. Half of the $30 million will go to bolster the college's endowment, and the income from that half will help Radcliffe absorb part of the rising cost of educating its students without pricing itself into a millionaires-only market. The composition of Radcliffe's student body--who come from families with a median income of $30,000 and an average income of $60,000--suggests the urgency of building the endowment and boosting scholarship funds...
...smallest dabbler in penny stocks and the manager of a billion-dollar mutual fund have at least one thing in common: both men are always alert for the inside tip, the informed gossip that can lead to quick profit. Not surprisingly, stockbrokers often pick up those tips ahead of their customers. And they usually pass the information along to large institutions whose trading pays big commissions. Last week, for just such misuse of inside information, the Securities and Exchange Commission severely penalized the world's biggest brokerage house, Merrill Lynch, Pierce, Fenner & Smith...
More to Come. The stain on the image of the firm that likes to boast that it brought Wall Street to Main Street will be difficult to erase. The 15 institutional investors accused of acting on the Merrill Lynch tip-including Dreyfus Corp., the Madison Fund and Investors Management Co.-are still to appear before an SEC examiner for hearings on the Douglas case. And individual Merrill Lynch customers who feel that they were wronged by the Douglas incident may claim compensation for their losses...