Word: nonprofit
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Dates: during 1970-1979
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Company fitness programs range from simply subsidizing employee membership in the local Y.M.C.A. to constructing elaborate exercise centers. The Mitre Corp., a nonprofit engineering firm, sank $10,000 into equipping the basement of its Bedford, Mass., headquarters with showers, lockers, rowing machines and weight-lifting gadgets. Xerox Corp. runs seven exercise centers; the most lavish overlooks the Potomac River at the company's International Center for Training and Management in Leesburg, Va. The $3.5 million facility includes a putting green, a soccer field, a swimming pool, two gyms, four tennis courts, two racketball courts, a weight-lifting room...
Opposition to SALT already is impassioned and very well organized. Leading the attack is the Committee on the Present Danger, a blue-ribbon nonprofit think tank that was formed two years ago. Though it has only four full-time employees, its clout lies in the respect enjoyed by its 162 members, such as former Treasury Secretary C. Douglas Dillon, former Secretary of State Dean Rusk and AFL-CIO Secretary-Treasurer Lane Kirkland. Its principal SALT spokesman, Paul Nitze, Deputy Secretary of Defense under Lyndon Johnson and a SALT negotiator under Nixon, has an intimidating expertise on defense matters...
Complicating the Administration's problems are two other factors. One is that, in the words of Audrey Freedman, senior research associate of the nonprofit Conference Board, "the coming year opens a three-year bargaining cycle dominated by fear-on the part of all employees, union and nonunion alike-that inflation will overwhelm wage increases." Thus union members think that they ought to get the biggest raises possible to protect themselves against an inexorable rise in prices. The Administration has sought to counter that fear by ballyhooing a proposal to Congress to grant income-tax rebates to workers whose wages...
...hearings held last week in Washington's ornate Departmental Auditorium was a well-intentioned, but possibly disruptive plan by the Internal Revenue Service to promote integration in the nation's 20,000 private elementary and secondary schools. Such schools qualify for exemptions from federal taxes as nonprofit institutions. But since 1970, federal courts have canceled the exemptions of more than 100 schools, many of them Southern "white flight" academies. Last August the IRS proposed a new racial test of its own for those schools that have grown rapidly or been created following desegregation. The service said that...
...International Council for Equality of Opportunity Principles, which has seven members, including Columbia University President William J. McGill, will oversee the establishment and functions of a nonprofit corporation. The corporation will try to ensure that U.S. firms promote racial equality in employment practices in South Africa, in compliance with the Sullivan Principles...