Word: nonprofiteers
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...National Merit Scholarship Corp., a new, nonprofit organization set up in Illinois by a group of nationally prominent businessmen and educators, announced the establishment of the largest independent college scholarship program in history. Initial fund: $20.5 million contributed by the Ford Foundation and the Carnegie Corporation of New York...
...force a labor union, when it is an employer, to use fair labor practices. In Portland. Ore., when the Teamsters Union discovered that its 23 office workers wanted to join an A.F.L. Office Employees Union, it fired five, threatened the rest. NLRB decided that a union, as a nonprofit organization, is not under NLRB jurisdiction...
...other telephone and TV equipment, directed the lab's vast World War II radar program. Usually he brought a fat briefcase home from work every evening to his green-shuttered home in Englewood, N.J. In 1952 he moved to New Mexico as president of Western Electric's nonprofit subsidiary, Sandia Corp. His job: building atomic bombs, designing and developing new nuclear weapons. He directed the Sandia lab's expansion from 4,500 to 5,500 workers, did an outstanding job directing new developments-"without raising his voice or even his eyebrows." Said an associate, Physicist Norris Bradbury...
...hospitals cared for 20,345,431 patients in 1954, an increase of less than 1% over the previous year. However, 3,342,599 babies were born in the hospitals, an increase of 7%, and overall hospital expenditures for patients and infants hit $5.25 billion, a 10% jump. In nonprofit general hospitals the cost of the average patient's stay was $171 (for about seven days), up from...
...chairman of the board of trustees of Pittsburgh's Mellon Institute of Industrial Research, replacing Dr. Edward Weidlein, 67, who continues as president. Ridgeway, having thus turned down a bid to head Henry Kaiser's Argentine operations (TIME, May 2), will coordinate and direct policy of the nonprofit research organization, founded in 1913 by Banker-Industrialists Andrew and Richard B. Mellon, to work with industry in seeking "through . . . research in science . . . results that are of advantage to society...