Word: nonprofit
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Dates: during 1960-1969
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Money has rolled in so steadily that since 1963 Mclntire's movement has been buying Cape May real estate, including the two largest hotels and a complex of beachside houses and cottages. It now owns property there assessed at $1,500,000. The hotels are operated on a nonprofit basis. Hotelier Mclntire keeps his room rates modest (as low as $11 a day single) and his guests sober (neither hotel has a bar). His takeover in Cape May has provided a permanent headquarters for his religious movement, which he calls the Twentieth Century Reformation. A jowly six-footer with...
...Sugar Mogul Charles Wanyoike Rubia, 45, doubles as chairman of the Kenya Development Finance Co., a four-year-old, nonprofit organization created to help establish new industry. A member of the dominant Kikuyu tribe, from which Kenya draws a large proportion of its successful native businessmen, the missionary-educated Rubia was once a clerk in a local stock brokerage, later became a dry-goods retailer before serving from 1962 to 1967 as Nairobi's first African mayor. Rubia's development company recently doubled its capitalization to $9,000,000. "Industry does not generally attract outside investors," he says...
Perhaps the most unorthodox concept of the agreement negotiated by the college and state, local and Negro representatives is a community council to be formed within a month to establish nonprofit community-housing cooperatives. The council will ensure that local Negroes have a hand, in every phase of the new housing, which will be built on 64 Central Ward acres retrieved by the city from the school's orieinal 150-acre site...
...study was undertaken for the Defense Department by the Midwest Research Institute, a nonprofit Kansas City research organization with agricultural experience. Between August and December, MRI scientists culled 1,500 scientific articles, studied scientific and press reports from Viet Nam, and interviewed more than 140 U.S. ecologists and herbicide experts, but were not authorized to conduct on-the-spot investigations in Viet Nam. Sensitive to possible charges that MRI is biased (it has many lucrative Government contracts), the Pentagon asked the National Academy of Sciences for an evaluation of the report before releasing it. The Academy called the report "creditable...
This plan and other plans were carried out with a unique blend of private enterprise and the public sector. You will remember that nonprofit corporations took part in both the Waterfront and the Central Business District. Merchants in the business community raised the "seed" money: in one case $200,000, and in the other case $250,000. We then signed a memorandum of understanding between the BRA and the non-profit organization agreeing, not to the adoption of their plan in toto, but rather that there would be consultations between their staff and the BRA as to any significant changes...