Word: nonprofitability
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...same exemptions from corporation taxes now granted securities investment trusts. Some cities have taken matters into their own hands; New York City is working on twelve middle-income projects (about $21 a room) with rents lower than private buildings because of lower financing costs, partial tax exemptions and nonprofit operation. It also grants private builders tax exemptions and loans of up to 90% of a project's cost...
...registration a guarantee that the Negro will get to vote. In Ouachita Parish, La. a nonprofit Citizens' Council was formed last year "to protect and preserve by all legal means our historical Southern social institutions." The parish (county) registrar let council members into her office when it was closed to the general public (nights, holidays, etc.), let them examine voting lists and draw up their own lists of some 3,500 Negro registrants. When the council members followed up by challenging the 3,500, the registrar ordered the Negroes to appear within ten days to prove their identity...
...Ward's President John Barr, "every executive thinks that he does not do enough thinking." To give U.S. executives a chance to think and talk in a relaxed atmosphere. Container Corp. of America Chairman Walter Paepcke, 61, in 1950 set up the Aspen Institute for Humanistic Studies, a nonprofit foundation that runs living quarters, executive seminars, a new health center, and a spate of lectures, forums and other cultural activities. "The Aspen idea," says Paepcke, "is the cross-fertilization of men's minds...
...nonprofit corporation, the Foreign Bondholders Protective Council, began working out agreements with the Latin Americans, cutting interest rates drastically and accepting token settlements on back interest. Bolivia, the 15th and last of the governments involved, announced last week that it will resume interest payments this summer on $56 million in old bonds. Rates will start at 2% and move up gradually to 3% by 1964. A sinking fund will be started to buy up the bonds in the free market or pay them off by lots at par-$1,000 plus $100 settlement on back interest. It was a lean...
Unlike the staid A.P., a nonprofit cooperative owned by its member newspapers, the United Press for half a century has aggressively sold its product to all comers. Thus, it has never wavered from Founder E. W. ("Damned Ol Crank") Scripps's belligerent belief that only a profitable news service can achieve editorial impartiality. The first major U.S. news service to prosper as a commercial undertaking, the U.P. today is the world's most enterprising wire-news merchant, an international giant serving 1,560 U.S. newspapers and 3,270 other clients in the U.S. and 71 foreign countries (estimated...