Word: nonprofit
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...create a new future by betting all on a new process called xerography (derived from Greek and meaning dry writing), which showed promise of reproducing papers and documents without the standard need for chemical developing. He bought some of the rights to xerography from Battelle Memorial Institute, a nonprofit industrial research organization that had helped its inventor. New York Patent Attorney Chester Carlson, develop the process...
...often required by local laws) sent up labor costs. Electric bills were high, and machines frequently proved unreliable. Clothes often came out smelling like sulphur. Many began to echo the wry dismay of Irwin Gott, a Houston jeweler-turned-drycleaner: "I didn't intend this to be a nonprofit corporation; it just turned out that...
...Discovery." Zacharias' committee soon became a nonprofit corporation: Educational Services Inc. At its headquarters in Watertown, Mass., scholars and schoolmen joined to loose a blizzard of physics-teaching aids-53 films, 75 paperback books, such cheap props as ping-pong balls and drinking straws. E.S.I. has gone on not only to launch summer teacher-training institutes, but also to rewrite U.S. engineering courses and elementary-school science. Last week the Ford Foundation handed over $1,000,000 to help E.S.I, surge ahead on all fronts. Its most ambitious plan yet: revitalizing the teaching of humanities, notably history and social...
...check of 25 of the nation's largest companies turned up a goodly number that pledged money to cover the quick cash loan signed by General Clay. Among them: Standard Oil Co. (N.J.), N.Y.C., $100,000; Texaco Inc., N.Y.C., $100,000; Ford Motor Co. Fund, Dearborn, Mich., a nonprofit corporation supported by Ford Motor Co., $100,000; Socony Mobil Oil Co., N.Y.C., $25,000; Morgan Guaranty Trust Co., N.Y.C., $10,000; Dallas Clearing House Association, $10,000; and Shell Oil Co., N.Y.C., an undisclosed amount. General Motors Corp. was reported to have given $150,000 but declined to confirm...
This time the team's boosters reorganized the Packers as a nonprofit corporation (which they were anyway), peddled $125,000 worth of nondividend stock at $25 a share. "All we got was a certificate with some fancy lacework around the edge.'' says one shareholder, "and the best football team in the world." Today the Green Bay Packers Inc. has 1,698 stockholders, and its annual meeting is a major event on Green Bay's social calendar...