Word: nonprofit
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Dates: during 1940-1949
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First, A.M.A.'s policy-making House of Delegates turned down a proposal for a nonprofit national health insurance company. The plan was recommended by the Blue Cross-Blue Shield Commissions, headed by Dr. Paul Ramsey Hawley. The idea was to issue policies covering hospital and medical bills on a nationwide scale, which would allow big businesses to sign one contract covering all employees, no matter where they work. The plan would give more people better medical care, and thus probably lessen agitation for compulsory insurance. But A.M.A. said no: the whole thing looked like socialism, it called...
Title to the property will be held by a nonprofit co-op of stockholding tenants which will also take over the debts on the hotel. The new stockholders will pay Kirkeby $3,000,000 which "would take us many years to get through the present [renting] arrangement." Having paid only $187,500 on the debts, Kirkeby's company in effect will receive about 650% on its cash interest in the property...
...devotees were simple farmers. It soon came out that the financier of the master cell "experiments" was Gustave W. Goerner, soon-to-retire New England sales manager of a subdivision of the great Du Pont Co. He and other substantial-sounding citizens were talking about organizing a nonprofit foundation to make the master cell available to all humanity...
...organized in its present pattern -a nonprofit cooperative-until 1892. The organizers were members of the "Western A.P.," a rebel group that had broken away from the monopolistic New York...
Editors Frederick Morgan, 25, an ex-G.I., Joseph Bennett, 26, a Navy veteran working as an investment analyst in Wall Street, and William Arrowsmith, 23, a 1948 Rhodes scholar, have been two years launching Hudson Review. As a nonprofit literary venture, they got $6,600 in working capital from friends (who hoped to deduct the contributions from taxes), and for a mailing address used the Manhattan home of Morgan's father, Sapolio Soapmaker John Williams Morgan...