Word: nonprofitability
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Founded in 1971 by Miss Shea and Mary Emmons, 29, the Clearinghouse is a nonprofit, tax-exempt organization that limits its services to other nonprofit organizations and institutions. Its membership, now at 300, includes colleges, hospitals, private schools, settlement houses and environmental groups...
...necessary. "If I have to go to jail for a good cause, that's okay with me," he told newsmen at a press conference in Manhattan. Meanwhile, Guccione pledged, Penthouse will provide financial support to retailers who run afoul of local police, and create a nonprofit subscription service that will mail banned magazines-Playboy included-to readers who can no longer buy them locally. He also plans to launch an "army" of college students who will conduct door-to-door surveys in censored areas to collect local attitudes toward sexual tolerance-a criterion that the Supreme Court said could...
...residents' second appeal of a lower court decision denying an injunction. They had sought it to block Ivy Wood construction on the ground that the project would alter surface drainage and hurt the village. Ivy Wood, for which the N.A.A.C.P.'s National Housing Corp. is the nonprofit sponsor, will be completed. "What we were doing was morally right," says Deffet, "but we cannot build another Ivy Wood. We can't afford...
...annual budget could not pay the expense accounts of a Madison Avenue agency, and its roster of clients is more in the category of "Who's That?" than Who's Who. Yet Public Interest Communications, a nine-month-old, nonprofit San Francisco ad agency, is making a satisfying unconventional splash in the business of mass persuasion. PIC has successfully put well-tested formulas for selling deodorants and detergents behind a wide range of controversial or overlooked causes that range from supporting drug-treatment centers in residential neighborhoods to saving whales from extinction...
Federal policy, reaffirmed by Congress in 1938, allows a donor to deduct from his taxable income the value of appreciation on a security given to a nonprofit institution...