Word: nonprofits
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Aside from their headline-grabbing size, those gifts reflect changes in the character and aims of big-money philanthropy. While there are still benefactors who hand wads of money to nonprofit institutions to disburse as they wish, today's philanthropists are more likely to approach charity with the same hands-on management they bring to their businesses and stock portfolios. Says H. Peter Karoff, head of the Philanthropic Initiative, a consulting firm that helps wealthy clients donate like investors: "The hard look at the management of charitable groups, the scrutiny of how an organization makes an impact--all those things...
Currently, universities are exempt from property taxes under Massachusetts law because of their educational and nonprofit status...
...thing, authors don't feel the same pressure to sell lots of books. HU Press is a nonprofit business, and academic books aren't expected to sell much...
...corporation, some say even run for President of the U.S. What he chose to do instead was to help children become happy, productive citizens. By creating America's Promise--the Alliance for Youth, Powell launched a national movement that has historically competitive organizations in the nonprofit sector collaborating for the first time on hundreds of programs...
...three designed their proposal last winter and presented it to the school-district superintendent in May. Within three months, the district had approved it. This fall, the triumphant triumvirate filed for nonprofit status and formed a board of directors. The board appointed Liz Anderson, an eighth-grade teacher and hockey coach, as executive director. Anderson, 27, is technically young enough to be the Woods' granddaughter. "From the first time they met, Liz and Denise have been clicking," says Kennett Middle School principal John Carr...