Word: nonprofitability
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While we do have many generous patrons, as you indicated, our nonprofit corporation is scarcely confined to "well-off summer residents of the Berkshires." Our board of directors and donors of money and Shaker articles include scholars, museum personnel from many areas, and dozens of not-so-well-off permanent Berkshire residents...
Today the community organized at Hancock, Mass., in 1790 is beginning a new phase of witness to the Shaker way. There are only 932 acres of pasture and farmland instead of some 5,000, and only 17 buildings instead of 34. And there are no Shakers at all. A nonprofit corporation made up largely of well-off summer residents of the Berkshires, titled Shaker Community, Inc., has opened Hancock Shaker Village to the public for seven days a week ($1 for adults, 50? for children), thus preserving the fossil of a unique movement in U.S. religious history...
...Administration would pay local agencies a bonus of $120 a year for every apartment occupied by persons 60 years old or older. What is more, the House bill adds $100 million to the current fund of $50 million for 50-year, low-interest loans (present rate: 3½%) to nonprofit corporations that build units for the elderly...
Moderate-Income Housing. To erect apartments for families too well off for low-rent public housing but too poor to own houses, FHA would insure 100%, 40-year, low-interest loans to limited and nonprofit groups. Private builders bitterly complain that the program will let FHA subsidize housing for an income group that can pay its own way. Under the program, charge its critics, housing authorities can build two-bedroom apartments to rent for as little as $90 a month-approximately $20 a month under the current market...
Absent Edges. Omnibus Producer Robert Saudek presented a reasoned argument centered in the idea that the "networks must not go on, in the name of freedom, polluting air they do not own." His proposal: set up several nonprofit organizations, staffed by experts in various fields who would select programs; the networks would simply function as agents selling air time, but would have no control over shows. Writer-Producer Robert Alan (The Sacco-Vanzetti Story) Aurthur, whose rhetoric was particularly eloquent when he was describing the "cold, slitted eyes of advertising men," revealed that low-flying, low-quality ABC, the network...