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 2014 List: The Top 34 Medium Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

Why I became an educator

News
Tuesday, March 04, 2014
03.04.14 thumbnail teachBY DEBRA RINGOLD | GUEST CONTRIBUTOR

How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?


Read more...

Spreading the wealth

March 2014
Tuesday, February 25, 2014
HiResBY PAIGE PARKER

A money management firm broadens its reach. 


Read more...

From the Editor: The human factor

March 2014
Tuesday, February 25, 2014

In this issue, we celebrate our 21st annual 100 Best Companies to Work For in Oregon project.


Read more...

The 2014 List: The Top 33 Large Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

The future of money

March 2014
Tuesday, February 25, 2014
BY JAKE THOMAS

An ancient institution moves slowly into the digital age. 


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


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