Word: nonprofit
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Arthur Coffey, chief of the city's law department, stated that his department would make no attempt to pass the legislation in the immediate future. To date only one state, New Hampshire, allows its cities to tax the nonprofit property belonging to local colleges and universities...
...prisoners' freedom was $62 million, which works out to more than $50,000 per prisoner. He is now demanding drugs and other goods worth a comparable amount at Cuban prices. The Kennedy Administration has been pressuring U.S. drug manufacturers to supply wares for the ransom package at nonprofit prices, but even so the total cost will run to millions of dollars. The Families Committee obviously can supply only a picayune fraction of the money. The unavoidable conclusion is that much or most of the ransom money is going to come from the U.S. taxpayers...
...says "Northrop Institute of Technology," the pale green buildings look like any factory in bustling (aerospace) Inglewood, adjoining Los Angeles. This is fitting, for N.I.T. is the only U.S. campus spawned by an industrial corporation as an in-plant cram school and then successfully converted to a much respected nonprofit college, whose graduates now number...
Behind-the-scenes organization is complex-to meet both legal and professional rules. The parent Kaiser Foundation Health Plan (a nonprofit but tax-paying setup) enrolls the members; it then contracts to pay Kaiser Foundation Hospitals (a charitable, non-tax-paying organization) a fixed fee per member per month for hospital care. It also contracts with one of four medical groups (associations of physicians) to provide medical and surgical services for a per capita fee. The hospitals run a research institute and a nursing school. The parent plan builds such facilities as clinics, which it leases to the medical groups...
Accepting Is Expensive. Critics worry that universities are shortchanging themselves by accepting the money. As nonprofit institutions, universities may not make a profit on Government research, and to guarantee that they do not, Congress has set conditions that actually force universities to subsidize federal research...