Word: nonprofit
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After immigrating to the U.S. in 1933, Von Neumann was hired, along with Albert Einstein, by the newly formed Institute for Advanced Study in Princeton, N.J., a nonprofit research institute set up by the Bamberger family with profits from their department stores. The I.A.S. proved to be the perfect intellectual playground for Von Neumann's boundless genius. He threw himself with enthusiasm into one intractable problem after another, ranging from the abstract mathematics of quantum mechanics to the practical problems of weather prediction, hydrology and the patterns of artillery fire...
Other efforts are being made in other quarters to this end. For example, this week a nonprofit endeavor known as the Fair Labor Association (FLA) urged universities to join in its efforts, and Harvard has agreed to do so. The FLA may or may not prove itself able to devise effective solutions, but we support its attempts even as we pursue other avenues. We don't know where answers will eventually be found, but we are determined to pursue these important questions as seriously as we can. Allan A. Ryan Jr. is an attorney in Harvard's Office of General...
...hide. This year in its "Report of Giving" Radcliffe has concealed much of its administrative outlay under a heading of "programs and financial aid." I believe a more accurate accounting of overhead would show administrative costs of close to 50 percent, or about twice the normal expectation for a nonprofit institution. Let us hope that the undergraduate ghost gets laid to rest before too much more of the capital gets spent...
...foundation is a nonprofit group of doctors who practice at the hospital...
...foundation is a nonprofit group of doctors who practice at the hospital...