For-Profit vs. Non-Profit
The Academy is part of the quickly growing trend of “socially responsible tax-paying organizations,” having incorporated social responsibility into our founding and activities.
We believe that if we are efficient, if we demand responsible practices at every level and, above all, if we hold ourselves to the highest ethical conduct, we can achieve tremendous, long-term successes for students who wish to serve humanity as physicians, medical scientists, technologists, engineers, and mathematicians.
What does this mean to you?
- No burden on the taxpayer: Part of the taxes you pay goes to support every organization that pays no taxes;
- No grant money: We ask for no money from public organizations, leaving that money available for other purposes.
Instead, we will self-fund all our free services and millions of dollars of full scholarships each year, all using tuition money from events we sponsor.
We have the greatest respect for the work of the thousands of non-profit charities and educational institutions that improve the future of our citizens and humanity.
We believe government and the nonprofit sector are necessary to address society’s greatest challenges but require additional assistance. It is this higher purpose to which we commit ourselves: our impact on society, our employees and the community.