Home Must Reads Ecotrust is latest nonprofit to get for-profit subsidiary

Ecotrust is latest nonprofit to get for-profit subsidiary

| Print |  Email
Must Reads
Monday, October 28, 2013

Portland-based Ecotrust spun off for-profit subsidiary Point 97 this month.

Point 97, a marine consultancy and software tools firm, had drawn interest from potential clients outside Ecotrust's mission area of the Northwest. Its commercial opportunities seemed to stretch beyond the non-profit's charter. The "heft of the work" meant a team of Ecotrust employees were devoted full-time to the marine consulting business, said Astrid Scholz, Ecotrust's president.

Nationally, the non-profit sector has become adept at launching these sorts of hybrids and conversions. Sometimes non-profits spin off a for-profit business because of its growth potential, or for tax purposes, or to protect the non-profit's tax-exempt status. Non-profit hospitals have spun off insurers, for-profit companies have created charitable arms and environmental non-profits have launched green-business enterprises.

Read more at OregonLive.com.

 

More Articles

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS