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Health care conversion foundations: a status report
Ist Teil von
Health affairs (Millwood, Va.), 1997-11, Vol.16 (6), p.228-236
Ort / Verlag
United States: The People to People Health Foundation, Inc., Project HOPE
Erscheinungsjahr
1997
Link zum Volltext
Quelle
PAIS Index
Beschreibungen/Notizen
Huge sums of money are being generated by the "conversion," or change, of nonprofit corporations into for-profits. This shift in the marketplace has altered the nature of health services and created new forces in philanthropy. A side effect of conversions has been the rise of a separate category of foundations, with assets totaling more than $9 billion. The sizes of some of the new conversion foundations rival those of more well-known giants such as The Rockefeller and The John D. and Catherine T. MacArthur Foundations. The emergence of these foundations raises 3 major public policy challenges: 1. to assure that charitable assets built up over the years are not lost to the public, 2. to assure that the new foundations become effective and professional grant-making organizations, and 3. to assure that the funds of the new foundations are used for appropriate charitable purposes.