KEEPING IT CHARITABLE

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