Word: nonprofit
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...action in chancery court, the Inland Revenue claimed that an improperly dated agreement signed by the tenth Duke of Devonshire just before his death last year was void; instead of going to a nonprofit fund, and thus escaping death duties, the collection should go to swell the duke's other assets (to ?3,000,000). Since the 80% death duty on the whole estate would leave the family only ?600,000-less than the value of the collection alone-the heirs would have to sell the Chatsworth art and break up the collection. Said the court: "I cannot refrain...
...Bailey also says the University "has no plans to go into the television field except through its participation in the Lowell Institute Cooperative Broadcasting Council." The Council, a nonprofit organization of Boston's universities and cultural institutions, now runs FM radio station WGBH...
...aspect of your snapshot was hidden behind the general impression that all emergency facilities are available to the community as are the fire and police services-with no direct charge for the service. The cost to nonprofit hospitals of maintaining the 24-hour emergency service is [high]. Payment for the service is only token, the income falling far below the minimum costs...
...Senate, Michael V. Di Salle (see NATIONAL AFFAIRS) told reporters: "You just cannot imagine how silly one feels signing orders decontrolling dinosaur skeletons, sun dials . . . and even stuffed elephants . . ." Just before leaving, Mike was seized once more by that silly feeling. The OPS dropped price controls from nonprofit summer camps operated by churches, lodges, etc. which charge less than $30 a week. Reason: OPS had found out that "most summer camps were not in operation [during the price-freeze base period...
Mozart & a DC-3. Since then, the foundation has been at the heart of all Allan Hancock's activities. It gives out scores of scholarships to U.S.C. students each year, supports Hancock's floating marine laboratory and his 75,000-volume marine library. It operates a nonprofit radio station that is part of U.S.C.'s department of radio. Last week it took on TV, and next semester 35 U.S.C. television majors will start their first classes in programming and producton...