Word: nonprofit
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...should be more willing to lend it on the increasing value of his education." Under USAF's plan, a student may borrow up to $4,000 from any bank in the organization's expanding network. While regular bank loans can cost up to 8% in true interest, nonprofit, tax-exempt USAF can secure loans repayable at as little as 5% and in no case more than 6% simple interest. And the student does not have to begin repaying the loan until five months after graduation...
...latest took place a month ago, and it was only a routine report put out by the Securities and Exchange Commission last week that broke the news. Mott has made a gift of 1,826,421 shares of General Motors common stock -worth more than $128 million-to the nonprofit Charles Stewart Mott Foundation, benefactor of the people and institutions of Flint...
...project was originated by the University of Pittsburgh's Chancellor Dr. Edward H. Litchfield, who last year founded the Oakland Corp. as a private development company, and enlisted the support of a group of nonprofit city institutions. Fred Smith, who was the prime mover of the massive Prudential Research Center in Boston, was brought in as president and operating head (Litchfield is board chairman), and Architect Max Abramovitz, who designed the Philharmonic Hall in New York's Lincoln Center, was hired...
...Collins went further: he set up the nonprofit Medic-Alert Foundation. Subscribers pay $5 each for a bracelet and a lifetime medical record kept on file at Turlock. The tag bears the snake staff of Aesculapius and the words "Medic Alert." On the other side is a warning, such as "Diabetic," "Skindiver" (subject to the bends), "Hemophilia," "Allergic to Penicillin." Engraved along with the warning are the wearer's identification number and the injunction "Phone 209-634-4917." Calls may be made collect, the clock around...
...like-minded alumni editors to produce "American Higher Education," a 32-page insert that 154 magazines snapped up in 1958. Next year the editors got a Carnegie grant of $12,500 to finance "The College Teacher." When 249 schools bought that one, they returned the money unused. Forming a nonprofit corporation, they went on in 1960 with "The Alumnus"-reaching 2,858,000 readers in the process. This year's insert on academic freedom, written mainly by Gwaltney, is a balanced study of professorial rights and duties that asks alumni for "understanding and-if the cause be just...