Word: nonprofit
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...respected in the marketplace." Defending the besieged buyer has been a preoccupation of Mrs. Karpatkin, a 43-year-old Manhattan attorney, since she began representing Consumers Union 16 years ago. Now she will make it her full-time occupation, too, as the new executive director of the nonprofit service bureau. She will oversee a staff of 330, extensive product-testing laboratories in sub urban New York, an auto test center hi Connecticut, a law office in Washington, and Consumer Reports, a fact-filled, if plain-Jane monthly that is considered by 2,250,000 buyers to be the ultimate word...
...aerial service owes its origin to Michael Wood, 54, a British-born plastic surgeon who began flying rescue missions in a second-hand light plane back in 1957. Under the sponsorship of the private, nonprofit African Medical and Research Foundation, the service now consists of eight planes, an international staff of eight physicians (two with pilots' licenses), from Denmark, Germany, France, Canada and Britain, and five non-M.D. pilots...
...needed source of both pride and investment capital in ghetto communities. "We've demonstrated the capacity of black people to operate complex business institutions," says I. Owen Funderburg, chief executive officer of the Gateway National Bank of St. Louis. A study by the Conference Board, a nonprofit research organization, found that in 1971 minority banks loaned 40% as much money in their communities as white banks did, even though the minority banks' assets equaled less than one-tenth of 1% of the white banks' wealth...
...testify at length about how the funds were used. Carmine Bellino, a top investigator for the Senate Watergate committee has also been looking into the institute deposits. Beyond that, TIME has learned that Bellino and two accountants recently spent a week in Los Angeles delving into records of a "nonprofit educational foundation" suspected of concealing gifts to Nixon, then departed abruptly for Miami. Sources close to the investigation report that Cox became privy to the results of their work in the days just before his ouster...
Under questioning by Senators Herman Talmadge (D-Ga.) and Edward Gurney (R-Fla.) of the Senate's Watergate committee, Buchanan defended his recommendation that the tax-exempt status of nonprofit foundations be reexamined and if possible made a subject of public debate by advancing the theory that most if not all such foundations--specifically the Ford Foundation, the Brookings Institute and the Institute of Politics--belong to what he called America's "liberal establishment...