Gary Yates, The California Wellness Foundation
Tom David, The California Wellness Foundation
A hot topic of discussion in philanthropic circles in recent years has been the phenomenon of sizable new foundations being created as the result of nonprofit health care organizations converting to for-profit status. There are good reasons for the interest. According to the latest figures from Grantmakers In Health’s Support Center for Health Foundations, there have been more than 134 new foundations established as the result of conversions in the past fifteen years, with assets totaling more than $15 billion. In a relatively short period of time, the dollars available for health-related grantmaking have essentially doubled.
2/28/2000 — 70KB