KEEP­ING IT CHAR­I­TA­BLE

Modern Healthcare - - COVER STORY -

Foun­da­tions are of­ten cre­ated when char­i­ta­ble hos­pi­tals and in­sur­ers con­vert to for- profit busi­nesses

$ 3.7 bil­lion As­sets of the Cal­i­for­nia En­dow­ment, the largest, as of March 31, 2010

>$ 17 bil­lion To­tal en­dow­ments of U.S. health­care con­ver­sion foun­da­tions, as of Dec. 31, 2008

1984 The year sev­eral hospi­tal sales kicked off a wave of growth in con­ver­sion foun­da­tions

200 To­tal num­ber of such foun­da­tions $ 150 mil­lion En­dow­ment set aside in De­cem­ber 2011 sale of Detroit Med­i­cal Cen­ter to Van­guard Health Sys­tems

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