They do not seek to make a profit, even hypothetically.

ECONOMIST: Philanthro-journalism

For most people, the upgrading of university colleges to full university status will not be controversial, but more might oppose the granting of university status to private institutions - especially if they seek to make a profit.

BBC: 'New' universities set to be created in England

Mr. Bloomberg said the administration will seek City Council legislation to make New York a more "youth-friendly tourism destination" by legalizing for-profit youth hostels that are common in Europe.

WSJ: Mayor Celebrates His Achievements