Word: nonprofit
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...Social Security covers 44 million or 29%. It excludes the self-employed, agricultural and casual laborers, domestic workers and employees of Government and nonprofit groups, most of whom would be covered by national health in surance...
Admiral William ("Spike") Blandy, a top candidate for Chief of Naval Operations until Admiral Forrest Sherman was tapped for the job last fall, retired from the Navy after 40 years of service, and took on a civilian job: president of the newborn Health Information Foundation, a nonprofit medical news and research service supported by the drug and medical supply industries...
Though some bankers look aghast at this sort of nonprofit finance, hardheaded Eugene Cray thinks it makes good sense for New England. Said he: "It's a better way than giving them ten years or so of tax exemption, then have them move away. This way, they'll own a substantial investment in the village and have to assume responsibility...
Still his own hard-bargaining agent, manager and lawyer, G.B.S. disposed brusquely of an early suggestion that the play be put on by Theatre Incorporated, a non-profit group which sent him handsome royalties in 1946 from its hit revival of Pygmalion. "I take no interest in nonprofit enterprises," he wrote. "I am in business and prefer to deal with keen business managers who are out to make as much money as possible...
...Bucky three years ago incorporated himself as the nonprofit (and taxexempt) Fuller Research Foundation. Businessmen may sneer at Bucky, but artists are more sympathetic. Last week 91 Chicago artists (most of them young abstractionists) contributed their paintings, sculptures and photographs to a Chicago art auction that raised $700 for Bucky...