Word: nonprofit
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...COLLEGE WORK-STUDY PROGRAM. Started last year, it permits college students to work full time summers and up to 15 hours a week while in school on jobs for nonprofit organizations. The employing agency pays 10% of the student's salary, the Federal Government the other 90%. This fall, some 190,000 students are drawing from the $147 million fund...
That tax loophole allows "educational" and other nonprofit groups to escape any Government bite on their publishing income. Caplin is not alone in his complaint. Democratic Congressman John Schmidhauser of Iowa has been prodding the IRS and the Treasury Department for months, pleading with them to tap a source of revenue he estimates at $110 million yearly. The stalling, suggested Schmidhauser in a House speech, comes from senior bureaucrats' "unwillingness to step on powerful toes." Republican Glenn Cunningham of Nebraska made it a bipartisan fight. "This is no matter on which reasonable men can differ," said...
...burial. But the sisters seem preoccupied with their legal battle to break Billy's will, specifically the part that left the bulk of the estate-made up largely of A.T. & T. stock and assorted real estate-to the Billy Rose Foundation, which he set up in 1958 for "nonprofit and exclusively religious, charitable or educational purposes...
...behind-the-scenes forces that have molded America's military muscle, none have been more influential-and few more mysterious-than California's Rand Corp., a private, nonprofit "think tank" located in a plain white building in Santa Monica. And of all the high-powered highbrows who have helped build Rand (for Research and Development), no one has been more effective than silver-haired, rough-featured Franklin R. Collbohm, 59, head of the organization since it was created under the patronage of Army Air Forces General Henry H. ("Hap") Arnold 20 years...
Early this year, the Philadelphia Bar Association organized Community Legal Service, Inc., a nonprofit corporation financed by nearly $750,000 in OEO funds. The service proposed to open twelve neighborhood law offices under a 20-man board of directors, including four leading lawyers and seven representatives from the slums. When a sizable minority of lawyers opposed the plan, the issue was turned over to Judge Raymond Pace Alexander of the Court of Common Pleas. After long hearings, Judge Alexander handed down a detailed decision upholding the service as not only lawful but also thoroughly beneficial to the community...