Word: nonprofits
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Dates: during 1980-1989
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...promised to install elaborate commercial signs on the facades. On 42nd Street, Klein and his partners at the Prudential Insurance Co. have agreed to acquire most of nine architecturally precious old theaters (many now showing sex-and-mayhem movies) and spend $9.2 million to renovate those that become nonprofit playhouses. (A new hotel and merchandise mart are also envisioned for the same stretch of 42nd Street.) Finally, Klein and company will spend $81.8 million to spruce up the surrounding sidewalks and overhaul the purgatorial Times Square subway station. "We can create the most extraordinary buildings in the city and create...
Eliminate tax-free status of private-purpose municipal bonds. Unlike ordinary municipal bonds, which finance schools, sewers and the like, private-purpose bonds are issued by state and local governments to raise capital for local private companies and nonprofit organizations. $2.5 billion...
Many Floridians seem willing to pay for better services, but they share a widespread suspicion that the government is not sufficiently frugal. In a recent study by Florida TaxWatch, a nonprofit taxpayers group based in Tallahassee, the average respondent believed the government wastes a third of every dollar it spends. Says Reed Gidez, 28, who moved to Tampa from New Jersey a year ago: "I would be willing to pay more taxes if state leaders could convince me that they were actually going to do something with the money." For the leaders of the fourth largest state in the nation...
...schoolteacher named Gilbert Hovey Grosvenor, 23, to run the magazine in 1899, the young man catered to snob appeal by soliciting "nominations for membership" instead of subscriptions. The device eventually created the largest nonselective society in the world. Grosvenor's grandson Gil now serves as president of the nonprofit society, which last year showed an estimated $370 million in revenues...
Recorded in September 1985 by the Bedford-based Gospel Workshop for Children, a nonprofit evangelical Christian "music ministry" organized by Sharon's mother Jan, Dear Mr. Jesus first aired in 1986 on a Port Arthur, Texas, radio station. Word of mouth and a 4 1/2-minute music video starring Sharon and her doll Bessie slowly spread the song on stations in Florida and Texas, where it attracted a response from hundreds of overwrought callers eager to discuss their own experiences with child abuse...