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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.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The Tampa Bay Innovation Center is kicking off its spring accelerator program, and it's got eight startups on its list. Among them: AgWise, which focuses on the climate impact of agriculture's...more
It's no secret that Africa's livestock industry plays a big role in the region's economy. In fact, the demand for livestock products is expected to grow by 50% by 2030, notes Business...more
"This research pushed me outside my comfort zone and forced me to interact first-hand with hard truths about what social media is being used for in the modern day," Daisy Rehbock writes in her...more
The CEO of the nation's second-oldest civic monument has been ousted over allegations of financial impropriety at Dallas' Fair Park, the Dallas Morning News reports. On May 1, Brian Luallen...more
Quebec City's Mus ? 'e des beaux-arts du Qu'bec museum is getting a major boost from a single man. Michael Audain, chairman of the Jean Paul Riopelle Foundation, has pledged $10 million toward...more
It's not every day that a Rhode Island hospital hosts a prom for its teen patients, but that's exactly what happened at Hasbro Children's Hospital in Providence on Friday, the Providence Journal...more
Foundation: Ford Motor Company Fund
The Ford Motor Company's philanthropic arm is getting a new name: Ford Philanthropy. The rebranding reflects Ford's 75-year legacy of "driving impact in Ford communities around the world," says...more
"There has been much laughter and plenty of chatter as friendships develop each week between the generations, forging stronger community connections and better awareness of some of the issues each...more
The winner of this year's Sustainova Startup Challenge in Saudi Arabia has a message for the rest of the world: "If you want to save the planet, you have to start now." The startup contest,...more
Pakistan's capital is home to more than 200 million people and is expected to see a massive increase in population by 2050 as the country's economy continues to grow at a rapid rate, the BBC...more
Social Entrepreneurship
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Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
