Word: nonprofit
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Dates: during 1940-1949
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...Nation from Maurice Wertheim in 1937 for two reasons: 1) she wanted to maintain it as a voice for leftism; 2) she hoped to make it selfsupporting. Her new plan: to transfer the magazine's ownership from The Nation, Inc. (herself) to Nation Associates, Inc., a new, nonprofit organization. Freda Kirchwey will still be editor and publisher, will draw a salary. Sole advantage of the new plan: she will feel freer to ask for funds when it is understood that she has no chance of a personal profit...
...Freda Kirchwey started sending out another 10,000 letters, confidently expected to get the $25,000 needed to cover 1942's deficit and provide a backlog for 1943. The U.S. Treasury has been asked to rule that contributions are taxdeductible, "on the ground that the Nation is a nonprofit corporation for educational purposes." If contributions are insufficient, which is unlikely, Editor Kirchwey will retrench drastically, try any expedient to avoid the Nation's death...
Though technically a WBBM employe, precise-voiced, middle-aged Al Steinkopf is paid by Press Association, Inc., A.P.'s money-making subsidiary (A.P. is a nonprofit cooperative), and can be yanked back to A.P. cable desk or overseas duty whenever the terms of his WBBM contract permit...
...cafeterias, kitchens, lunch stands, etc., should be under plant management and run on a nonprofit, non-loss basis. . . . Cafeterias, rolling kitchens, or lunch stands operated by concessionaires . . . [are] generally less satisfactory than man-agement-owned cafeterias." Reason: "Candies, pies, cakes and soft drinks are apt to constitute too great a proportion of their stock...
...Toronto. Reason: the Better Business Bureau tipped off the U. S. Immigration Service that he might have violated the law by going to Buffalo on a visitor's pass, starting a business venture. O'Hearn appealed. Insisting that the National Depository was no business venture but a "nonprofit" philanthropy, he offered to take in the U. S. Government as a partner. Latest students of the O'Hearn plan: reformers from the Attorney General's office...