That’s right, I am not making this up. Bancroft Global Development is a no-kidding non-profit PMC. lol. Anyway, this is all I could scrape up about BGD, and I thought it was a pretty cool concept. I don’t know of any other non-profit PMC’s out there, and this company totally presents a different view on how we look at the PMC. I also posted their earnings from 2007, and it looks like they are doing pretty well.
What I really like about this is that is takes the whole ‘evil profiteering PMC’ element out of the conversation. Although I would like to hear about any downsides with something like this, and I am all ears with the readership.
So how about a non-profit Co-op PMC as an idea for a company? Just thinking out loud, and there are all sorts of interesting paths you could take with this stuff. By the way, if any BGD guys would like to comment, or post any PR stuff, feel free to do so in the comments or send it to me and I will edit this thing. I also look forward to when the website becomes fully operational and if they start looking for guys for their operation in Somalia and elsewhere. -Matt
From their website.
Bancroft Global Development is a non-governmental organization dedicated to removing violence from public discourse, by promoting permanent solutions to the economic, environmental and societal harm caused by armed conflict.
Bancroft Global Development was duly organized in 1999 under the laws of the United States as a 501(c)3 not-for-profit charitable organization.