Word: nonprofit
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Some years back, Robert Scott, of the nonprofit Institute of the Rockies in Missoula, proposed the Big Open, a 15,000-sq.-mi. chunk of struggling central Montana that would be linked cooperatively by public and private owners into a wildlife range for 300,000 buffalo, deer, antelope and elk. His figures suggested that on the average, the 3,000 people living there would make more tending to tourists and hunters than from ranching and farming. Writer Douglas Coffman, who helped Scott, saw even more: a chance to recapture a bit of the original American heart, something brave and wild...
...life of not-so-quiet desperation on the street. A mere 1 in 300 New Yorkers may be a victim of AIDS, but that totals 27,000 people, a staggering 19% of all confirmed cases in the U.S. Says Paul Grogan, president of the Local Initiatives Support Corp., a nonprofit housing-development organization: "New York is the same as every place -- only more...
...into an unwinnable war. After years of debate about whether public funding for the arts was growing fast enough, cultural institutions now worry whether the NEA will survive at all, at least on terms consistent with intellectual freedom. Says Yale Drama School professor David Chambers, a prominent director in nonprofit theaters: "The arts lobby has failed...
...point of keen speculation is whether Gigante talks business with his younger brother Louis, a cussing, cigar-chomping, Roman Catholic priest who is celebrated for overseeing the creation of 2,000 low-income housing units. That reputation has been tarnished by accusations that Father Gigante's nonprofit group doled out tens of millions of dollars in government housing grants to Genovese-tied subcontractors. The priest claims he had nothing to do with the selection of these companies. "I purposely stayed out of it," he says. But the priest does commend one contractor, a Genovese captain who is now imprisoned...
...business student knows that bad loans come in waves. The largest U.S. guarantor of student loans is learning that lesson the hard way. The Higher Education Assistance Foundation, a nonprofit group that has guaranteed $9.6 billion in student debt, acknowledged last week that a rising tide of defaults is threatening to push the agency into insolvency. HEAF's trouble was caused primarily by its heavy commitment to trade-school students, the group with the highest default rate. More than one-third of HEAF's loans were made to students attending for-profit institutions that promised careers in fields from hairdressing...