5 imperatives to consider when starting a health conversion foundation


credit: Flickr

Increasing consolidation in healthcare has resulted in an increase in health conversion foundations. When a non-profit hospital, health plan or system acquired or converted to a for profit, federal law required proceeds from the transactions are donated to a charity, often via a foundation endowment to support continued health-related services within a community. Immediately upon formation, there is often much pressure from the community to fund initiatives.

Support from the local community is imperative to success. Health conversion foundation leaders should initially consider five important ideas: know your grant budget before issuing grants, address social detriments of health such as education, food, and housing needs, have ample representation from the local community, develop strong alliances within the community, and evolve with the mission as it evolves. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Making a City Yours

In LISC's stories, Tope Folarin shares the story of how the Associates in Commercial Real Estate, or ACRE, a program that has become a mainstay in Milwaukee, got started, its impact it has had in the...more

Digital Arts Programs Allow Students To Develop Leadership Skills

The Long Beach Community Action Partnership's (LBCAP) Leadership Academy Mentoring Program (LAMP) helps students to develop their leadership and creative skills. According to Darick Simpson,...more

Alabama Gets $6.3 Million to Combat Opioid Addiction

The U.S. Department of Health and Human Services has recently announced grants of $6.3 million to be awarded to the state of Alabama to help fight opioid addiction. The grants will fund community...more

Novel Giving Strategy - Letting Nonprofits Decide How to Use Funding

Jeff Bezos, founder, CEO, and president of Amazon.com, decided to try something different with his new billion-dollar charity, Day One Families Fund. Bezos, through his charity, announced that he...more

New Program Helping SNAP Recipients Land New Careers

The Food and Nutrition Services Employment and Training Program, a pilot program that is ajoint effort of the county Department of Social Services (DSS), Sandhills Community College (SCC), NC Works...more

Opinion: The Cleveland Foundation Could do Much More to Support Cleveland
Foundation: Cleveland Foundation

The Cleveland Foundation continues to tackle the city's problems for over a century. The foundation has recently addressed the prohibitive costs of college, which resulted into a funding campaign...more

Transforming Community through Photography

Isaac Biosse, a Kenyan-born Ghanaian photojournalist, is also a social entrepreneur. He has worked with several companies and charities. He is now the founder and CEO of Aboki Foundation. Aboki...more

Watering the Financial Desert

In this Washington Post article, Gareth Ross, Head of Enterprise Technology & Experience at MassMutual, writes how lack of access to basic financial systems and tools enables countless low-income...more

Social Determinants of Health Innovation Challenge
Foundation: Johnson Foundation, Robert Wood Johnson Foundation

Dick Thompson, executive director and chief executive officer of the Quality Health Network (QHN) based in Grand Junction, often tells stories that offer examples of the social determinants that...more

How Impact Investing Can Foster Affordable Housing

This opinion piece from MarketWatch highlights workforce housing, where impact investors can leverage on to create affordable housing. Meredith Jones, an alternative-investment consultant and...more







Social Entrepreneurship
Spotlight



Cornwall as First-Ever Rural Social Enterprise Zone


Cornwall as First-Ever Rural Social Enterprise Zone

Cornwall, England has been christened as the first-ever rural social enterprise zone. Minister for Civil Society Nick Hurd remarked that what was happening in Cornwall was an example to the rest of the United Kingdom.




Nonprofit Jobs in Vermont

  Social Services Jobs
  Fundraising & Development Jobs
  Social Services Jobs
  Executive Director Jobs
  Foundation Related Jobs



Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2019 Copyright Michael Saunders