Word: nonprofitability
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...first two years it loaned $150,000, which brought the town, among other items, its first X-ray machine and modern dental equipment. Convinced that there was no "better way for the people to help themselves," Father Dan criss-crossed Peru by Jeep, plane and riverboat, set up more nonprofit unions. To date, his unions have loaned a total of $59 million for purchases of everything from outboard motors to fertilizer...
Worldly Concerns. Having scotched the Peruvian bankers' old complaint that the peasant could not be induced to save, Father Dan in 1961 set up a nonprofit savings and loan association to finance desperately needed low-cost housing. U.S. savings and loan men provided technical assistance. So far, Father Dan's El Pueblo association has loaned $11.9 million to build 3,613 houses in the Lima area...
Grapes of Wrath. Alinsky works through his Industrial Areas Foundation, a nonprofit organization from which he pays himself $20,000 a year. When he is invited into a community, usually by Protestant and Catholic clergymen, Alinsky immediately declares war on the local powers that be, including the existing anti-poverty program. Opinions differ on his accomplishments...
...design. He improved relocation policies by increasing funds available to help small businessmen displaced by urban renewal. He saw to it that the Housing Act of 1961 included grants for recreational and scenic open-space areas. And he pushed through in that bill controversial Section 221d3, which gives nonprofit corporations cut-rate (31%) mortgage loans at the Treasury's expense to provide housing for displaced families of low or moderate incomes...
...year. The armed forces have long been in the future business. The Air Force, at Wright-Patterson A.F.B., conducts studies of the whole problem of scientific prediction, also contributes $15 million a year to Santa Monica's Rand Corp. to think-and not necessarily about weapons systems. The nonprofit Hudson Institute investigates the possibilities of war and peace along with the future in general. At the University of Illinois, Dr. Charles Osgood is conducting a "computerized exploration of the year 2000," and the Southern Illinois University is providing money and facilities for Buckminster Fuller's World Resources Inventory...