Sponsored by Oregon Business

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

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

City announces plans for Portland summer-league baseball team

News
Tuesday, March 10, 2015
IMG 3888BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.


Read more...

Courtside

April 2015
Thursday, March 26, 2015
BY JACOB PALMER

Power lunching at the Court Street Dairy Lunch in Salem.


Read more...

5 schools helping students crack code

The Latest
Thursday, January 29, 2015
codeduthumbnailBY JACOB PALMER | OB DIGITAL NEWS EDITOR

As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.


Read more...

Party Like It’s 1999

Contributed Blogs
Wednesday, February 25, 2015
pets-com-sock-puppetBY JASON NORRIS, CFA | OB GUEST BLOGGER

Pets.com, GeoCities, eToys, and WorldCom … blasts-from-the-past that all signify the late 1990s Internet bubble. Yet we believe the dynamics of the market, specifically in technology stocks, are much different today than it was during the late 1990s.


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