Word: nonprofiteers
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...individual lives rather than mere statistics have a place in this debate. That those individuals may be recent immigrants with limited education makes it more urgent. A publicly traded company has a fiduciary duty to its shareholders—by law, it must care only about their good; a nonprofit organization has made a commitment to be run for the general social good. As such, the meaning of this goal is a matter for public, not private, debate, and having a valuable opinion on it does not, as was implied in a recent editorial, require full access to Harvard?...
...Proposals for a nonprofit organization to trim its workforce in light of a recession are rightly controversial, even from economic point of view. In the Keynesian model, a recession can lead to a vicious circle of self-perpetuating cutbacks unless the government steps in to buttress demand. Under this logic, any actor claiming to act in the public interest (including but not limited to the government) ought to buy more goods (and labor) in a recession than a for-profit corporation under comparable constraints in order to maintain employment and demand levels...
During the final week of May, four HBS students will head to Minneapolis to meet with leaders of the Homeownership Preservation Foundation, a nonprofit organization that provides counseling to those who may be faced with foreclosure. The group will work with leaders of the foundation, which currently has a small staff, to analyze its operations and to create a low-budget marketing plan aimed at removing the stigma of foreclosure...
...intelligence of our community, a great deal of money could be saved without cutting jobs. Harvard’s endowment is massive—no matter how much money we’ve lost in the current crisis. And we continue to enjoy the financial perks of being a nonprofit, which means that we do not pay taxes on the endowment money that we have amassed over the years...
...Cambridge residents cannot vote in Boston elections, he thought last night’s event was important because it reached a student population that sends many volunteers to Boston through the Phillips Brooks House Association. Yoon, who moved to Boston in the 1990s, served as housing director for the nonprofit Asian Community Development Corporation before running for office in 2005. —Staff writer Sarah J. Howland can be reached at showland@fas.harvard.edu...