Tag Archives: independent foundation

Similar and Different: 5 Key Shifts from Hospital Board to Private Foundation Board

The sale of a nonprofit hospital or health plan to a for-profit company can yield a great deal of change for a community, including the creation of a new, independent foundation created from the proceeds of the sale. In many cases, these new entities represent a significant new source of community wealth – and where assumptions may be that the actions of the new foundation may be closely tied to the clinical work of the hospital and the philanthropic efforts of the former hospital or health plan, the reality is often vastly different. Likewise, board members who previously served on the hospital foundation and are now on the board of the new, independent foundation may find themselves falling back on … Continue reading Similar and Different: 5 Key Shifts from Hospital Board to Private Foundation Board

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