Word: nonprofitability
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...first week's warm reception was a good indication of "what a big need the museum is going to fill." Richly endowed with cash* and energy. Craftswoman Webb started her crusade for handicrafts back in the Depression '305 as a home-based relief project, later founded the nonprofit American Craftsmen's Council, which started its own craft training school (now part of Rochester Institute of Technology), its own magazine (Craft Horizons; circ. 15,000), and Manhattan's America House, Ltd., devoted to selling U.S. craft products...
...world's longest ski lifts (14,000 ft.) and summer conferences featuring greats of philosophy, education and musiC−Albert Schweitzer, Reinhold Niebuhr, Jacques Barzun, Mortimer Adler, Igor Stravinsky, et al. This week, with the tax evaluation of Aspen increased sixteenfold, Paepcke, 60, prepared to open a new nonprofit enterprise: The Aspen Health Center for basically healthy but pooped businessmen...
...Operation of the canal by a nonprofit international body with full control over finances, maintenance and development...
Free Copies. Long fancying a fling in journalism, Millionaire Kaplan first decided on the process, then sent aides scouting systematically through Connecticut and New York State to find the ideal town for the newspaper. To launch his publishing career, Kaplan set up a nonprofit company, brought in David Bernstein, 41, onetime newsman (Ithaca Journal-News) and public-relations specialist, who organized the Office of Public Information of the Philippines in 1945. Bernstein gathered a ten-man editorial staff (average age: 35), put in a U.P. news wire, nine comic strips, twelve syndicated columns. "The paper," he says, "is strictly independent...
...International Finance Corp. More flexible than its parent, IFC will seek out privately managed projects in the underdeveloped regions of its 31 member nations, back them with investments up to some $4,000,000. IFC will concentrate on small and medium-sized new industries in preference to utilities, housing, nonprofit social projects, agricultural schemes...