Word: nonprofiteers
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...four years, Blue Cross had been trying to get the Rhode Island Medical Society's approval (required by state law) for a nonprofit, surgical insurance plan. Time & again the doctors vetoed Blue Cross proposals, often on technical quibbles. But the society had approved a limited plan covering only surgical fees. Skimpy as it was, Blue Cross offered this to its subscribers...
When Franklin Roosevelt died, the Patroon Broadcasting Co. in Albany, N.Y. asked the Federal Communications Commission if it might use the call letters WFDR. The FCC, deciding that the President's initials should not be identified with a commercial venture, said no. But last week in Manhattan, a nonprofit, FM station called WFDR went...
...deal began back in 1946 when the directors of the prosperous Churchill Downs track, home of the Kentucky Derby, set themselves up as a nonprofit corporation called the Churchill Downs Foundation. Last week, they arranged to buy the track (from themselves and a few minority stockholders). From now on, they will take no profits, pay no taxes (saving up to $40,000 a year). They plan to split the surplus left after salaries and operating expenses between the university medical school and general charities...
...punishment for forgiven sins). Authorities expect at least a million pilgrim visitors to Rome. To help house the throng, a large hostel is being built near the Vatican, and others on the city's outskirts. The Men's International Association for Catholic Action has set up a nonprofit organization called Felix Roma, to arrange tours allowing each pilgrim ten days in Italy (seven in Rome and three on sightseeing side trips) which are planned down to the last menu. To handle transportation, Felix Roma has chartered seven ships and three Constellation airliners. The overall price from...
...selling methods to a potpourri of lore derived from the ancient esoteric Rosicrucian cult which dates back beyond the isth Century. In 1928, the Lewis-Kiimalehto brand of Rosicrucianism found in San Jose a happy combination of favorable weather and favorable authorities. There Lewis incorporated it as a nonprofit organization, and settled down to be "Imperator of the Supreme Grand Lodge." Kiimalehto sold his New York printing shop and came along to San Jose in 1936 as "Sovereign Grand Master...